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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...
Nov 4, 20192 min read
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...
Nov 2, 20192 min read
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 30, 20192 min read
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, 20191 min read
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, 20192 min read
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, 20192 min read
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 24, 20192 min read
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, 20192 min read
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, 20192 min read
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 22, 20192 min read
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 18, 20192 min read
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 15, 20192 min read
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. ...
Oct 10, 20192 min read
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 27, 20192 min read
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 21, 20192 min read
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 19, 20192 min read
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...
Sep 18, 20191 min read
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