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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


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
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