International Airlines Group’s (IAG) fortunes have been heavily influenced by the diffuse travel situation in various European countries. While British Airways and Aer Lingus suffered from restrictions and low demand, Iberia and Vueling have been able to reduce their losses…
Air France-KLM is slowly returning to profitability. Higher bookings and lasting effects of the restructuring and recapitalization initiatives have produced better results in the second quarter and first six months. More improvements are on their way, but the airline group…
Singapore Airlines Group has reduced its losses to $409 million during the first quarter of its financial year 2021 It is the best result since Q3 of FY2020/21 when it reported a $142 million loss. While the carrier is progressively rebuilding…
Airbus officially launches the A350 Freighter. The Board of Directors has approved the new model during a meeting in Amsterdam this week, CEO Guillaume Faury announced at the presentation of the HY1 results. Airbus reported a €2.231 billion Group profit.…
UPDATE – German leisure airline Condor has selected the Airbus A330neo as the replacement for its aging Boeing 767-fleet. Condor will purchase sixteen A330-900s, of which nine will be leased. The Supervisory Board approved the fleet renewal plan on July…
UPDATE – In between the tiniest of tiny profits of $6 million for Boeing Group, the Commercial Airplanes division continues to produce red results. Boeing Commercial Airplanes reported a $1.328 billion HY1-loss and a Q2-loss of $472 million as production…