Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as…
Southwest is the first US airline to make a profit again. It reported a positive result on the same day when American announced a $-1.250 billion first-quarter loss. But the mood is changing for the better as American almost returned…
TAP Portugal has got approval for a Covid aid package from the European Commission. The government-backed package will compensate TAP for the financial damage directly caused by the Covid-crisis between March 19-June 30, 2020. It is additional to the state…
The international airline industry is set for a combined net loss this year of $-47.7 billion. While that’s an ‘improvement of last year’s $-126.4 billion, it is a clear demonstration of the continued difficulties within the airline market, IATA said…
Adapting the production system to make sure that Airbus is ready to ramp up the design and production of very complex and innovative products while maintaining the highest quality standards. That’s why Airbus fully integrates its aerostructure business. It will…
Emirates has enough cash to sit out for the next six to eight months but is not ruling out the need for extra funding if the recovery from the pandemic will take longer. This could be through the UAE government…