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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..
Sep 10, 20202 min read
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...
Sep 4, 20203 min read
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)...
Aug 31, 20202 min read
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..
Aug 31, 20201 min read
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.
Aug 28, 20202 min read
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...
Aug 26, 20202 min read
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...
Aug 25, 20202 min read
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...
Aug 25, 20203 min read
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...
Aug 20, 20204 min read
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...
Aug 19, 20202 min read
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...
Aug 19, 20202 min read
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...
Aug 12, 20202 min read
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..
Aug 11, 20203 min read
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...
Aug 10, 20202 min read
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...
Aug 6, 20202 min read
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...
Aug 6, 20203 min read
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...
Aug 6, 20203 min read
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...
Aug 3, 20202 min read
SkyWest Announces Second Quarter Net Loss of $26 Million or $0.51 per Share
SkyWest announced on Thursday a second quarter net loss of 26 million and a pre-tax loss of $31 million or $(0.51) per share. During the...
Aug 2, 20202 min read
Air Canada Reports Second Quarter Net Loss of $1.75 Billion or $6.44 per Diluted Share
Air Canada reported on Friday a second quarter net loss of $1.752 billion or $(6.44) per diluted share compared to a net income of $343...
Jul 31, 20203 min read
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