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Air Canada Reports Full Year 2020 Net Loss of $4.6 Billion on 70 Percent Revenue Decline to $5.8 B
For the full year 2020, Air Canada reported a negative EBITDA of $2.04 billion compared to a positive EBITDA of $3.6 billion for FY 2019.
Feb 12, 20214 min read


Mesa Airlines Reports First Quarter Fiscal 2021 Financial Results; Will Invest in Archer Aviation
The regional carrier reports a first quarter FY 2021 net income of $14.1 million or $0.39 per diluted share, versus $10.8 million or $0.31..
Feb 11, 20213 min read


Spirit Airlines Reports Fourth Quarter Net Loss of $157 Million, Full Year 2020 Net Loss of $429 M
The Florida-based airline reported a fourth quarter net loss of $157 million or ($1.61) per diluted share on a 49 percent revenue decline...
Feb 11, 20213 min read


Air Arabia Reports Fourth Quarter 2020 Net Profit of $5.4 Million on a 53 Percent Decline in Revenue
Air Arabia announced a fourth quarter 2020 net profit of AED 20 million (US $5.4 million) on a 53 percent decline in revenue to AED 53...
Feb 10, 20212 min read


Singapore Airlines Defers Over $4 Billion in CAPEX on Airbus and Boeing Aircraft Delivery Agreements
Singapore Airlines has reached an agreement with Airbus and Boeing to delay aircraft deliveries beyond the originally contracted period...
Feb 9, 20211 min read


Sun Country Airlines Plans Initial Public Offering
Sun Country Holdings, Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a...
Feb 9, 20211 min read


SkyWest Reports Fourth Quarter Net Loss of $46 Million, Full Year 2020 Net Loss of $9 Million
SkyWest reported a fourth quarter net loss of $46 million or ($0.93) per share on a 21 percent revenue decline to $570,000. For the full...
Feb 6, 20213 min read


Singapore Airlines Reports Third Quarter Net loss of $142 Million on 76% Revenue Decline to $1.1B
SIA reported a third quarter net loss of $142 million on a 76.1% decline in revenue to $1.1 billion versus Q3 2019. For the nine month...
Feb 5, 20212 min read


Lufthansa Completes €1.6 Billion Bond Issue, 2021 Financial Liabilities Refinanced for Long Term
The Lufthansa Group has successfully completed a €1.6 billion bond issue, thereby refinancing all 2021 financial liabilities for the long...
Feb 5, 20212 min read


Aeroflot Announces Fourth Quarter Net Loss of $410 Million and Full Year 2020 Loss of $1.3 Billion
The carrier announced a fourth quarter net loss of RUB 30,972 M (US $410 million) on a 59% revenue decline to RUB 52,816 M (US $699...
Feb 4, 20212 min read


Allegiant Travel Reports Fourth Quarter Net Loss of $29 Million, FY 2020 Net Loss of $184 Million
The airline reported a fourth quarter net loss of $29 million or ($1.79) per diluted share on a 47 percent revenue decline to $247...
Feb 3, 20213 min read


SAS Reports Fourth Quarter Net Loss of $306 Million, Full Year Net Loss of $1.1 Billion
The airline reported a fourth quarter net loss of MSEK 2,579 (US $306 million) or SEK (4.46) per common share (US $0.53) and a full year...
Feb 2, 20213 min read


JAL Group Reports Nine Month FY20 Loss of $2.0 Billion on 68 Percent Revenue Decline to $3.4 Billion
JAL Group reported a nine month FY 2020 loss of 212.7 billion yen (US $2.0 billion) on a 68 percent year-over-year revenue decline to...
Feb 1, 20212 min read


Ryanair Reports Third Quarter Loss of €306 Million on 82 Percent Revenue Decline to €340 Million
The airline reported a third quarter loss for the three month period ending December 21, 2020 of €306 million, compared to a profit of €88..
Feb 1, 20212 min read


Southwest Airlines Reports Fourth Quarter Net loss of $908 Million, FY 2020 Net Loss of $3.1 Billion
The airline reported a fourth quarter net loss of $908 million or ($1.54) per diluted share on a quarterly revenue decline of 65% to $2.0...
Jan 28, 20215 min read


American Airlines Reports Fourth Quarter Net Loss of $2.2 Billion, Full Year 2020 Net Loss of $8.9 B
The airline reported a fourth quarter net loss of $2.2 billion or ($3.81) per share on 64% revenue decline to $4.0 billion. For the full...
Jan 28, 20213 min read


SAS and Apollo Expand Charter Partnership in Record Contract Through 2024
The new contract will cover three summer and three winter seasons through 2024 with an option for a further extension through 2026. The...
Jan 28, 20212 min read


JetBlue Announces Fourth Quarter Net loss of $381 Million, Full Year 2020 Net Loss of $1.4 Billion
The airline reported a fourth quarter net loss of $381 million or ($1.34) per diluted share on a 67.4% revenue decline to $661 million...
Jan 28, 20212 min read


Hawaiian Airlines Announces $800 Million Senior Secured Notes Offering by Newly Formed Subsidiaries
The unregistered offering of $800 million in aggregate principal of Senior Secured Notes due 2026 will be offered by two newly formed...
Jan 27, 20211 min read


Hawaiian Airlines Reports Fourth Quarter Net Loss of $163 Million and FY 20 Net Loss of $511 Million
Hawaiian Holdings, Inc. reported a fourth quarter net loss of $163 million or ($3.50) per diluted share and a full year 2020 net loss of...
Jan 26, 20213 min read
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