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American Airlines Posts First Quarter Net Loss of $2.2 Billion on Operating Revenues of $8.5 Billion
On Thursday, American Airlines announced a first quarter net operating loss of $2.2 billion or ($5.26) per share on $8.5 billion in...
Apr 30, 20202 min read
Southwest Airlines Announces First Quarter Net Loss of $94 Million on Revenues of $4.2 Billion
Southwest Airlines announced on Tuesday a first quarter net loss of $94 million or ($.018) per diluted share. First quarter operating...
Apr 28, 20203 min read
Air France-KLM Group Expresses Gratitude to French and Dutch Governments for Billions in Aid
KLM Royal Dutch Airlines announced Saturday that the Dutch Government has pledged a state aid package worth between €2-€4 billion. Air...
Apr 27, 20202 min read
Condor Receives Pledge of Financial Support From Federal and Hessian State Governments
Condor announced on Monday that they have received pledges of financial support and loan guarantees from both the German Federal Government
Apr 27, 20202 min read
Boeing Terminates Master Transaction Agreement for Joint Ventures With Embraer
Boeing announced on Saturday that they have terminated the Master Transaction Agreement that would have created joint ventures with...
Apr 25, 20202 min read
Delta Air Lines Reports First Quarter Loss of $422 Million on Revenue of $8.6 Billion
Delta Air Lines reported on Wednesday a first quarter adjusted pre-tax loss of $422 million or $0.51/share on total revenue of $8.6 billion.
Apr 22, 20203 min read
Virgin Australia Enters Voluntary Administration to Recapitalize and Emerge as a Stronger Carrier
Virgin Australia announced on Tuesday that they have entered voluntary administration to recapitalize and emerge as a stronger carrier...
Apr 20, 20202 min read
Norwegian Air’s Pilot and Cabin Crew Subsidiaries in Sweden and Denmark File for Bankruptcy
Norwegian Air announced on Monday that the company’s pilot and cabin crew subsidiaries in Sweden and Denmark have filed for bankruptcy.
Apr 20, 20202 min read
U.S. Airlines Reveal Details of Government Aid Received From CARES Act
Late Tuesday, several U.S. carriers revealed the details of their expected aid from the Coronavirus Aid, Relief and Economic Security...
Apr 15, 20208 min read
IATA Update Projects Over Half of 2020 Passenger Revenues at Risk Due to Global COVID-19 Pandemic
The International Air Transport Association (IATA) released an updated analysis on Tuesday which projects a $314B drop in passenger...
Apr 14, 20203 min read
Lufthansa Group Reports Adjusted EBIT of €2 Billion in Challenging Economic Environment
The Lufthansa Group reported on Thursday a 2019 Adjusted EBIT of €2 billion in a very difficult economic environment. The company has...
Mar 19, 20203 min read
Air Transat Announces a Gradual Suspension of Operations, Repatriation Flights Continue
Air Transat announced on Wednesday that they will gradually suspend operations due to the closing of Canada’s borders and similar...
Mar 18, 20202 min read
JetBlue Sales in March Drop From $22M Daily to Less Than $4M, Issuing $20M in Credits Daily
In a memo to their 23,000 crewmembers on Wednesday, JetBlue’s CEO Robin Hayes and President & COO Joanna Geraghty outlined the gravity of...
Mar 18, 20202 min read
Allegiant Travel Announces Strategic Operational Measures, Suspends Sunseeker Resort Construction
Allegiant Travel announced on Wednesday a series of strategic operational measures to preserve liquidity, including the temporary...
Mar 18, 20202 min read
Azul Suspends All International Flights, Will Cut Capacity by up to 50 Percent in April
Azul announced on Monday that they have suspended all international flights, except flights leaving Campinas, from March 16, 2020. The...
Mar 17, 20202 min read
Air New Zealand Announces 85 Percent Capacity Reduction on Long Haul Flights in Coming Months
Air New Zealand announced on Monday that they will be reducing long haul flying by 85 percent in the coming months. The carrier will...
Mar 17, 20202 min read
Qantas Group Cuts International Capacity by 90 Percent, Domestic Capacity by 60 Percent Until May
The Qantas Group announced on Tuesday that they will be slashing international capacity by 90 percent and Group domestic capacity by...
Mar 17, 20202 min read
Brussels Airlines Temporarily Suspends All Flight Operations Until April 19, 2020
Brussels Airlines announced on Tuesday that they will temporarily suspend all flight operations from March 21st through April 19, 2020.
Mar 17, 20202 min read
Air Canada Reduces Second Quarter Capacity by 50 Percent, Continues Liquidity Preservation Measures
Air Canada announced on Monday that they will reduce second quarter capacity by 50 percent versus Q2 2019. The carrier will also continue..
Mar 16, 20203 min read
Finnair Cuts Capacity by 90 Percent, Maintains Critical Domestic Connections in Finland
Finnair announced on Monday that they will cut capacity by 90 percent from April 1, 2020, while maintaining critical domestic air...
Mar 16, 20202 min read
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