Singapore Airlines lost over a billion dollars in profit in its Fiscal Year 2019-2020 as the airline group was hit hard by the restrictions of Covid-19. From a $1.067 billion operating profit the previous year it ended the FY2019-20 with…
It was hailed at last year’s Paris Airshow as a clean sheet regional aircraft design particularly attractive to the US market, but the future of Mitsubishi’s SpaceJet M100 70-seater is in doubt after Mitsubishi Heavy Industries has suspended development work…
South American airline Avianca Holdings has filed for Chapter 11 at a court in New York South to restructure its debts and subsidiaries, the airline announced on May 10. It has appointed a group of advisors like Seabury Securities and…
Emirates ended its fiscal year 2019-2020 with a Group profit of AED 1.7 billion ($0.5 billion), but unless a miracle happens this has been the 32nd and last consecutive year in profit for the Dubai-based airline group. Emirates has been…
Both JetBlue and Spirit reported their Q1 results this week, unsurprisingly posting net-losses for the period as they felt the impact of Covid-19. Let’s have a look: JetBlue: JetBlue’s net loss for Q1 was $-268 million compared to a 42…
Air Lease Corporation (ALC) is currently unable to ‘reasonably estimate’ the impact of the Covid-19 crisis on its business, operational results, and financial position for the foreseeable future, the US-lessor reported in its Q1-results on May 7. The company is…