IAG Will Acquire Air Europa Through Spanish Subsidiary Iberia for €1 Billion
The International Consolidated Airlines Group (IAG) announced Monday that their Spanish subsidiary Iberia would acquire Air Europa from...
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- Nov 2, 2019
- 2 min
Avianca Completes 2020 Bond Exchange, One Step Closer to Closing on $250M Loan From United Airlines
On Friday, Avianca Holdings announced that they had successfully closed on their May 2020 bond exchange offer. This brings the airline...
- Oct 30, 2019
- 2 min
Atlas Air Worldwide Reports Third Quarter Net Income of $60M Versus $71.1M in Q3 2018
Atlas Air Worldwide reported a decline in quarterly income, year over year, on tariff and trade tensions and labor-related service...
- Oct 24, 2019
- 1 min
Allegiant Travel Company Reports 67th Consecutive Profitable Quarter, Net Income up 190% to $43.9M
On Thursday, Las Vegas-based Allegiant Travel Company, parent company of Allegiant Airlines, reported a net income of $43.9M on revenue...
- Oct 24, 2019
- 2 min
Alaska Airlines Reports Third Quarter Revenue of $2.4B, Net Income of $322M – Diluted EPS $2.60
On Thursday, the Alaska Air Group reported a third quarter net profit of $322M on revenue of $2.4B. Diluted earnings per share came in...
- Oct 24, 2019
- 2 min
Southwest Airlines Reports Record Third Quarter Revenue of $5.6B, Record Net Income of $659M
On Thursday, Southwest Airlines reported Record third quarter revenue of $5.6B, record net income of $659M and diluted earnings per share...
- Oct 24, 2019
- 2 min
American Airlines Reports Record Third Quarter Revenue of $11.9B, Net Income of $425M
On Thursday, the American Airlines Group reported record Q3 revenue of $11.9B, net income of $425M and third quarter earnings per diluted...
- Oct 22, 2019
- 2 min
Hawaiian Holdings Reports Third Quarter Revenue of $755M, Diluted EPS of $1.70 vs. $1.84 in Q3 2018
On Tuesday afternoon, Hawaiian Holdings, Inc. reported a third quarter net income of $80.1M, versus $93.6M in the third quarter of 2018. ...
- Oct 22, 2019
- 2 min
Thai Airways International at Risk of Shutting Down After Continued Losses
The Bangkok Post reported today that if the loss-making airline’s turnaround plan isn’t successful, Thai Airways International (THAI) is...
- Oct 22, 2019
- 2 min
JetBlue Announces Third Quarter Revenue of $2.09B, Diluted EPS of $0.63 vs. $0.16 in Q3 2018
JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter earnings today with GAAP pre-tax income of $254M vs. $68M in the third...
- Oct 18, 2019
- 2 min
Spirit Airlines Plans New $250M World Headquarters in Dania Beach, Florida
Late Thursday, Spirit Airlines announced they will build a new state-of-the-art world headquarters near Fort Lauderdale-Hollywood...
- Oct 15, 2019
- 2 min
United Airlines Reports Q3 Revenue of $11.38B, Diluted EPS of $3.99 – Raises Full Year Guidance
At the close of markets today, United Airlines Holdings, Inc. (NASDAQ: UAL), reported quarterly revenue of $11.28B, a 3.4% increase vs....
- Oct 10, 2019
- 2 min
Delta Air Lines Reports Record Q3 Revenue of $12.56B, Adjusted EPS of $2.32, up 29% Year Over Year
This morning Delta Air Lines announced third quarter earnings, with revenue of $12.56B, a slight miss from the estimate of $12.6B. ...
- Sep 27, 2019
- 2 min
Delta Takes 20 Percent Stake in LATAM, a Partnership Which Will Dominate Five Latin American Markets
Late yesterday afternoon, Delta Air Lines announced they would acquire 20 percent of Santiago, Chile-based LATAM Airlines Group S.A. for...
- Sep 21, 2019
- 2 min
Thomas Cook Seeks Eleventh Hour Bailout From British Government to Avert Collapse
The previously announced £900 million rescue package by Chinese conglomerate Fosun and company creditors has now been amended, requiring...
- Sep 19, 2019
- 2 min
Credit Default Swap Holders add Turbulence to Proposed Thomas Cook Bailout
The United Kingdom’s 178-year-old tour operator, Thomas Cook Group plc, faces bondholder headwind in executing a recapitalization plan...
- Sep 18, 2019
- 1 min
Norwegian Air Receives Lifeline From Bondholders
Norwegian Air, Europe’s third largest low-cost-carrier (LCC) received a financial reprieve Monday when it was announced that bondholders...
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