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2 days ago
3 min

SpiceJet Announces a First Quarter FY21 Net Loss of $80.6 Million on Revenue of $69.9 Million

SpiceJet announced on Tuesday a FY21 first quarter net loss of INR 593.4 crore (USD $80.6 million) compared to a profit of INR 261.7 crore..

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6 days ago
2 min

Delta Announces Proposed Senior Notes Offering and Term Credit Facility Secured by SkyMiles

Delta Air Lines announced on Monday a proposal to collateralize their SkyMiles program to raise an aggregate $6.5 billion through senior...

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Sep 10
2 min

Air Transat Reports Third Quarter Adjusted Net Loss of $139.8 Million on Revenue of $9.5 Million

Air Transat reported on Thursday a third quarter adjusted net loss of $139.8 million on revenues of $9.5 million. The carrier’s operating..

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Sep 4
3 min

Virgin Atlantic Announces Private £1.2 Billion Recapitalization of Airline and Holiday Business

Virgin Atlantic announced on Friday the completion of a private-only £1.2 billion recapitalization of the airline and holiday business...

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Aug 31
2 min

Aeroflot Announces First Half 2020 Net Loss of $785.5 Million on 52 Percent Revenue Decline to $2 B

The Aeroflot Group reported on Monday their first half 2020 financial results with a net loss of RUB 58,720 million (USD $785.5 million)...

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Aug 31
1 min

Spirit Airlines Announces Proposed Senior Secured Notes Backed by Brand and Loyalty Subsidiaries

Spirit Airlines announced on Monday that they hope to raise $600 million in aggregate principal from senior secured notes due 2025, backed..

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Aug 28
2 min

Air New Zealand Reports Financial Year 2020 Statutory Loss Before Taxes of $628 Million

Air New Zealand reported on Thursday a FY20 statutory pre-tax loss of $628 million, including $541 million of other significant items.

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Aug 26
2 min

AirBaltic Reports First Half 2020 Consolidated Loss of €185 Million on 62 Percent Revenue Decline

AirBaltic reported on Wednesday a first half 2020 consolidated loss of €185 million on a 62 percent year-over-year revenue decline to...

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Aug 25
2 min

Virgin Australia’s Administrators Report to Creditors Recommending Approval of Deeds of Arrangement

Virgin Australia Group announced on Tuesday that the company’s Administrators have reported to creditors and recommended approval of the...

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Aug 25
3 min

Finnair Closes Sale-Leaseback Agreement on A350; Plans 1,000 Redundancies and €100 Million Savings

Finnair Announced on Tuesday the closing of a sale and leaseback transaction for one of their Airbus A350s. The carrier also announced...

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Aug 20
4 min

Qantas Reports FY 2020 Pre-Tax Statutory Loss of $2.7 Billion, Underlying Pre-Tax Profit of $124 M

Qantas reported on Thursday their fiscal year 2020 financial results for the 12 months ending June 30, 2020. The carrier reported a 91...

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Aug 19
2 min

Lufthansa Inks Deal With Pilot’s Union on Package of Short-term Measures through the End of the Year

Lufthansa announced on Wednesday that they have concluded a short-term agreement with Vereinigung Cockpit, the pilot’s union, for crisis...

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Aug 19
2 min

LATAM Airlines Group Reports Second Quarter Net Loss of $890 Million, Provides Chapter 11 Update

LATAM Airlines Group announced on Tuesday their second quarter financial results and provided an update on advances in the Chapter 11...

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Aug 12
2 min

TUI AG to Receive an Additional €1.2 Billion in Stabilization Funds From German Federal Government

TUI AG reported on Wednesday that they have reached an agreement with the German Federal Government for an additional stabilization...

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Aug 11
3 min

Mesa Air Group Reports Fiscal Third Quarter Net Income of $3.4 Million or $0.10 per Diluted Share

Mesa Air Group reported on Monday a fiscal third quarter net income of $3.4 million or $0.10 per diluted share compared to $3.0 million or..

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Aug 10
2 min

Air Arabia Reports First Half Loss of AED 169 Million on 53 Percent Revenue Decline to AED 1.02 B

Air Arabia reported on Monday a relatively modest loss of AED 169 million for the first half of 2020. The largest Middle East low-cost...

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Aug 6
2 min

Atlas Air Worldwide Reports Second Quarter Net Income of $78.9 Million or $3.01 per Diluted Share

Atlas Air Worldwide reported their second quarter financial results on Thursday with a net income of $78.9 million or $3.01 per diluted...

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Aug 6
3 min

Etihad Airways Reports Half Year 2020 Loss of $758 Million on 38 Percent Revenue Decline to $1.7 B

Etihad Airways reported on Thursday a half-year core loss of $758 million, despite a record first quarter 34 percent year-over-year...

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Aug 6
3 min

Lufthansa Group Reports Second Quarter Loss of €1.7 Billion on 80 Percent Revenue Decline to €1.9 B

The Lufthansa Group reported on Thursday a second quarter EBIT loss of €1.7 billion compared to earnings of €754 million during the same...

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Aug 3
2 min

Japan Airlines Reports First Quarter FY20 Loss of 93.7 Billion Yen on 78.1 Percent Revenue Decline

Japan Airlines reported on Monday a first quarter EBIT loss of 131 billion yen and a net loss of 93.7 billion yen on a 78.1 percent...

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