Based on the slower than expected recovery in recent weeks since June, global passenger traffic is not to return to pre-Covid-19 levels until 2024. That’s a year later than anticipated this Spring, IATA said on July 28 in its latest…
If anything is difficult in today’s airline market it is predicting how the industry will recover from the Covid-19 crisis and return to growth. Then there are always targets at which to aim for and this is exactly what Russia’s…
Europe’s biggest airline passenger-wise, Ryanair, has been a lot less big in its first quarter of FY21, flying 99 percent fewer passengers at just 0.5 million. The Covid-19 crisis has hit the airline hard, recording a net loss of EUR…
Airbus has amended its contracts with France and Spain on loans it has received for launching and developing the A350, the airframer announced on July 24. With these amendments, Airbus claims to have fully complied with the requirements set out…
Unsurprisingly, Southwest Airlines and Spirit Airlines have also reported Q2 losses, both announcing their results on July 23. Southwest recorded a net loss of $-915 million or even $-1.5 billion without special items, Spirit a $-144.4 million net loss. Alaska…
American Airlines has recorded a $-2.067 billion net loss or a $-2.659 billion pre-tax loss in Q2, it announced on July 23. The HY1-loss mounted to $-4.308 billion net and $-5.549 billion pre-tax. While its competitor United used to describe…