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IAG Reports Nine Month 2020 Statutory Loss of €5.6 billion on 66 Percent Revenue Decline to €6.6 bn
For the third quarter, the Group’s operating loss was (€1.3) billion before exceptional items compared to an operating profit of €1.4...
Oct 30, 20203 min read
Allegiant Travel Reports Third Quarter Net Loss of $29.1 Million on 54 Percent Revenue Decline
The airlines third quarter net loss was ($29.1) million or ($1.82) per fully diluted share and the company’s adjusted net loss was..
Oct 29, 20204 min read
Spirit Airlines Reports Third Quarter 2020 Net Loss of $99.1 Million on 59.5 Percent Revenue Decline
The airline’s third quarter GAAP net loss was reported at ($99.1) million or ($1.07) per fully diluted share, compared to a net income of...
Oct 28, 20203 min read
Hawaiian Airlines Announces Third Quarter Net Loss of $97.1 Million or $2.11 per Diluted Share
The airline’s third quarter adjusted net loss was $172.2 million or ($3.76) per diluted share. At the close of the quarter, Hawaiian...
Oct 27, 20202 min read
JetBlue Reports Third Quarter Net Loss of $393 Million on 76 Percent Revenue Decline to 492 Million
The airline’s net third quarter loss was $393 million or $1.44 per diluted share compared to earnings of $187 million or $0.63 per diluted..
Oct 27, 20204 min read
Azul Launches Public Offering in Brazil of R$1.6 Billion of Convertible Debentures
The carrier has made a filing with the Brazilian Securities Commission for the issuance under Brazilian law of R$1.6 billion (US$ 284.8...
Oct 26, 20202 min read
IAG Reports Preliminary Third Quarter Financial Results and Capacity Outlook
The Group reported a year-over-year third quarter revenue decline of 83 percent to €1.2 billion, compared to €7.3 billion during Q3 2019...
Oct 22, 20202 min read
Southwest Airlines Announces Third Quarter Net Loss of $1.2 billion on 68.2 Percent Revenue Decline
The carrier reported a third quarter net loss of $1.2 billion or $1.96 per diluted share. Excluding special items, Southwest reported a...
Oct 22, 20204 min read
Alaska Airlines Reports Third Quarter Net Loss of $431 million or $3.49 per Diluted Share
The airline’s net third quarter loss excluding payroll support program wage offsets, special items and fuel hedge adjustments totaled $399..
Oct 22, 20202 min read
American Airlines Reports Third Quarter 2020 Net Loss of $2.4 Billion or $4.71 per Share
The airline’s third quarter revenue declined 73 percent year over year to $3.2 billion on a 59 percent reduction in available seat miles...
Oct 22, 20203 min read
Lufthansa Group Reports Preliminary Third Quarter Financial Results
The Group decreased their operating loss versus the second quarter due to substantial cost reductions and an expansion of their flight...
Oct 21, 20202 min read
Cathay Pacific Group Announces Restructuring, Will Cease Cathay Dragon Operations
As a result of the impact of the global COVID-19 pandemic, the airline will restructure to protect the company’s future, secure their Hong..
Oct 21, 20203 min read
United Airlines Announces Third Quarter Adjusted Net Loss of $2.4 Billion on 78% Revenue Decline
The airline reported a net loss of $1.8 billion or $6.33/share for the quarter on an 78 percent year-over-year decline in revenue. Since...
Oct 14, 20202 min read
Delta Air Lines Reports Third Quarter 2020 Pre-tax Loss of $6.9 Billion on Revenue of $3.1 Billion
The carrier reported an adjusted pre-tax loss of $2.6 billion or $3.30 per share on an adjusted revenue of $2.6 billion. Delta Air Lines...
Oct 13, 20203 min read
Air Canada and Transat Complete Amended Transaction for Combination of Carriers
Transat’s Board of Directors has unanimously approved the transaction, which values their shares at CAD $5.00 and recommends shareholder...
Oct 11, 20203 min read
Air Canada Completes Sale and Leaseback Transactions for Nine Boeing 737 MAX 8 Aircraft
The airline raised USD $365 million through a sale and leaseback transaction for three Boeing 737 MAX 8s with Jackson Square Aviation and...
Oct 8, 20202 min read
Azul Trims Third Quarter Daily Cash Burn, Expands Liquidity Position
During the third quarter, the airline expected a daily cash burn of approximately R$ 3.0 million per day, ended up with a cash increase of..
Oct 7, 20202 min read
AEGEAN Announces Second Quarter Pre-Tax Loss of €58.7 Million on 88% Revenue Decline to €40.4 M
AEGEAN reported on Monday their second quarter and first half financial results with a quarterly pre-tax loss (excluding extraordinary...
Sep 28, 20203 min read
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..
Sep 17, 20203 min read
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...
Sep 14, 20202 min read
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