top of page
All News
JetBlue Announces Second Quarter Net Loss of $320 Million or $1.18 per Share
JetBlue announced on Tuesday a second quarter net loss of $320 million or $(1.18) per share on a 90 percent revenue decline to $215 million.
Jul 28, 20203 min read
Ryanair Reports First Quarter Loss of €185 Million on 99 Percent Decline in Passenger Traffic
Ryanair Holdings plc reported on Monday a first quarter loss of €185 million on a year-over-year traffic decline of 99 percent, compared ...
Jul 27, 20202 min read
Singapore Airlines Raises an Additional S$750 Million; IAG Extends American Express Partnership
Singapore Airlines announced on Thursday they have raised an additional S$750 million in secured financing using some Airbus A350-900s...
Jul 24, 20202 min read
Brussels Airlines Secures Stabilization Package From Belgian Federal Government and Lufthansa
Brussels Airlines announced on Friday that they have reached an agreement with the Belgian Federal Government and Lufthansa for a...
Jul 24, 20202 min read
Alaska Airlines Reports Second Quarter Net Loss of $214 million; Joins Oneworld Global Alliance
Alaska Airlines announced on Thursday a second quarter net loss of $214 million or $(1.73) per diluted share versus a net income of $262...
Jul 23, 20203 min read
Southwest Airlines Reports Second Quarter Net Loss of $915 Million or $1.63 per Share
Southwest Airlines announced on Thursday a second quarter net loss of $915 million or $(1.63) per diluted share. When special items are...
Jul 23, 20203 min read
American Airlines Announces Second Quarter Net Loss of $2.1 Billion or $4.82 per Share
American Airlines announced on Thursday a second quarter net loss of $2.1 billion or $(4.82) per share. Excluding net special items, the...
Jul 23, 20202 min read
Spirit Airlines Reports a Second Quarter Net Loss of $144.4 Million or $1.81 per Diluted Share
Spirit Airlines reported on Wednesday a second quarter net loss of $144.4 million or $(1.81) per diluted share. The carrier’s second...
Jul 22, 20203 min read
United Airlines Reports Second Quarter Net Loss of $1.6 Billion on Revenue Decline of 87.1 Percent
United Airlines reported Tuesday a second quarter net loss of $1.6 billion or $(5.79) per diluted share and an adjusted net loss of $2.6 ...
Jul 22, 20202 min read
Virgin Atlantic Secures Future With Comprehensive Private Recapitalization Plan
Virgin Atlantic announced on Tuesday a private recapitalization plan which will ensure the carrier’s solvency as it prepares for a post...
Jul 14, 20203 min read
Delta Air Lines Announces Second Quarter 2020 Pre-Tax Loss of $7 Billion on Revenue of $1.5 Billion
Delta Air Lines announced on Tuesday a second quarter 2020 pre-tax loss of $7.0 billion or $9.01 per share on an $11.0 billion revenue...
Jul 14, 20203 min read
LATAM Airlines Brazil Files for Chapter 11 Bankruptcy, Group Formalizes Additional DIP Financing
LATAM Airlines Group S.A. announced on Thursday that LATAM Airlines Brazil has filed for Chapter 11 bankruptcy, a voluntary...
Jul 9, 20202 min read
Azul Sells Six Percent Equity Stake in TAP Air Portugal to Portuguese Government
Azul announced on Friday that they have sold their six percent equity stake in TAP Air Portugal, valued at R$65 million, to the Portuguese..
Jul 3, 20201 min read
Alaska Airlines Secures Around $1.2 Billion in New Private Funding; McGee Receives PSP Relief
Alaska Airlines announced on Thursday that they have raised nearly $1.2 billion in private funding, bolstering the carrier’s liquidity...
Jul 2, 20202 min read
Bain Capital to Become New Owner of Virgin Australia as Carrier Prepares for Relaunch
The Virgin Australia Group announced today that the carrier’s Administrators have entered into an agreement with Bain Capital who are to...
Jun 26, 20202 min read
KLM Royal Dutch Airlines Secures €3.4 Billion in Financing to Weather Industry Downturn
KLM announced on Friday that they have secured €3.4 billion in new financing to secure their future as the weather the global COVID-19...
Jun 26, 20202 min read
Qantas Group Announces Recovery Plan for Stronger Future, to Raise up to $1.9 Billion in new Equity
The Qantas Group announced on Thursday a comprehensive recovery plan for a stronger future in the post-pandemic environment. The carrier...
Jun 25, 20203 min read
American Airlines to Raise an Additional $3.5 Billion Through Secured Notes, Loans and Share Sales
American Airlines announced on Sunday a proposal to raise an additional $3.5 billion through an offering of senior secured notes, a new...
Jun 21, 20202 min read
United Airlines Pledges Prized MileagePlus Loyalty Program as Collateral for New $5 Billion Loan
United Airlines announced on Monday that they will secure $5 billion in new financing using their MileagePlus loyalty program as collateral.
Jun 15, 20202 min read
Air Transat Reports Second Quarter Net Loss of $179.6 Million, Will Resume Flights on July 23, 2020
Air Transat announced on Thursday a second quarter net loss of $179.6 million or $4.76 per diluted share on a 36.3 percent revenue decline..
Jun 11, 20204 min read
bottom of page