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Norwegian Air Faces Immediate Liquidity Crisis as the Carrier Takes Severe Austerity Measures
Norwegian Air announced on Thursday the grounding of 40 percent of their long-haul fleet and cancellation of up to 25 percent of...
Mar 13, 20202 min read
Air Transat Reports First Quarter Operating Loss of $25.1M on Revenue of $692.8M
Transat A. T. Inc. announced on Thursday first quarter revenues of $692.8 million, an adjusted operating income of $27.4 million and an...
Mar 12, 20202 min read
Cathay Pacific Airways Reports Profit of HK$1.7B on Revenue of HK$107B for 2019
Cathay Pacific Airways reported a 27.9 percent year-over-year profit decline to HK$1.691 billion on a 3.7 percent decline in revenue on...
Mar 11, 20202 min read
Delta Air Lines Takes Actions to Reduce Financial Impact of Reduced Demand Environment
Delta Air Lines announced on Tuesday that they will remove 15 points of system capacity in the current reduced-demand environment.
Mar 10, 20202 min read
Etihad Airways Announces 55 Percent Cumulative Improvement since 2017 as Transformation Continues
Etihad Airways announced Thursday a 32 percent year-over-year improvement in core operating performance. The carrier reported $6.5...
Mar 6, 20202 min read
With the Overnight Collapse of Flybe, UK Carriers Scramble to Pick up Routes, Launch Rescue Flights
Struggling British regional carrier Flybe collapsed overnight, leaving competitors scrambling to launch rescue flights and pick up routes...
Mar 5, 20203 min read
flydubai Reports 2019 Profit of $53.9M on Revenue of $1.6B, Carries 9.6M Passengers
Flydubai reported on Wednesday a 2019 profit of $53.9 million of revenue of $1.6 billion. Annual revenue was down 2.6 percent...
Mar 4, 20203 min read
Avianca Reports Fourth Quarter Adjusted Operating Profit of $98.5M, Full Year 2019 Profit of $181M
Avianca reported on Friday a fourth quarter adjusted operating profit of 98.5 million and a full year adjusted operating profit of $181...
Mar 1, 20202 min read
IAG Reports Fourth Quarter Operating Profit of €765M, Full Year 2019 Operating Profit of €3.3B
The International Consolidated Airlines Group (IAG) reported on Friday a fourth quarter operating profit of €765 million and a full year...
Mar 1, 20202 min read
SWISS Celebrates Inaugural Flight to Osaka; Lufthansa Group Adopts Austerity Measures
Swiss International Airlines celebrated their inaugural flight to Osaka on Sunday. Earlier this week, the Lufthansa Group announced the...
Mar 1, 20202 min read
Air New Zealand Reports Half Year Interim Profit of $198M, Maintains Dividend
Air New Zealand reported an interim profit of $198M on Thursday for the six months ending December 31, 2019, compared to $217M for the...
Feb 29, 20202 min read
Qantas Reports First Half Fiscal Year 2020 Financial Results
Qantas reported on Thursday their half-year financial results for fiscal year 2020. The carrier reported an underlying profit before tax...
Feb 20, 20202 min read
Air Canada Reports 2019 Operating Income of $1.65B on Record Revenue of $19.1B
On Tuesday, Air Canada reported a 2019 operating income of $1.65B compared to $1.5B for FY 2018. The airline reported record operating...
Feb 18, 20202 min read
IATA Reports Slowdown in Passenger Traffic Growth for 2019
IATA reported on Thursday that full-year 2019 global passenger traffic demand or revenue passenger kilometers (RPKs) grew by 4.2% year...
Feb 6, 20202 min read
Spirit Airlines Reports Fourth Quarter Net Income of $81.2M, Full Year Net Income of $335.3M
Spirit Airlines reported on Wednesday a fourth quarter net income of $81.2M or diluted earnings per share (EPS) of $1.18. For the full...
Feb 5, 20203 min read
Ryanair Reports Third Quarter Net Profit of €88M; Announces New London Southend Service
Ryanair reported a net profit of €88M or basic earnings per share of €0.08 for the third quarter on the back of increased Christmas and...
Feb 3, 20203 min read
Hawaiian Airlines Reports Net Income of $49.7M For Fourth Quarter, $224M For Full Year 2019
On Thursday, Hawaiian Airlines announced a fourth quarter GAAP net income of $49.7M, an increase of $18.9M versus Q4 2018 and a diluted...
Jan 30, 20202 min read
Allegiant Travel Reports $60.5M Net Income for Fourth Quarter, $232.1M For Full Year 2019
Allegiant Travel Company announced on Wednesday a 46.1 percent increase in fourth quarter net income to $60.5M versus Q4 2018. For the...
Jan 29, 20202 min read
Delta Air Lines and Wheels Up Close Deal Combining Delta Private Jets With Wheels Up
Delta Air Lines announced on Wednesday the closing of the transaction to combine Delta Private Jets with Wheels Up. The deal will now...
Jan 29, 20202 min read
Boeing Reports Expected Fourth Quarter and Full Year Loss Associated With 737 MAX, Market Shrugs
Boeing announced a fourth quarter and full year loss on Wednesday, attributable to the continued grounding of the 737 MAX. For the fourth..
Jan 29, 20202 min read
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