Singapore Airlines is reasonably satisfied with the results for its fiscal year 2018-2019 it announced on May 16. A net profit of $682.7mln was down from the previous year’s $1.301bln, but results are still solid in a nervous environment. Singapore…
Air France will cut its short-haul domestic capacity by 15 percent over the next two years, citing competition from other airlines and France’s growing high-speed railway network as the main reasons. The decision had been anticipated for some time but…
Of Europe’s three big airline groups, International Airlines Group (IAG) has been the only one to record a profit for Q1. On May 10, IAG announced a profit of EUR 135mln, down 60.3 percent on last year’s EUR 340mln. The…
Emirates recorded its weakest year in 2018-19 in eight years, when announcing a Group profit of AED 2.316bln on May 9. This is -44 percent down on the previous year and almost at the same level as in 2011-12 (AED…
Air France-KLM will carefully grow capacity this year after last Winter’s additional capacity hurt unit revenues in Q1. The Franco-Dutch airline group plans to add capacity by on average 2-3 percent, slowing down growth on routes to the Middle East,…
Lufthansa came up with a couple of surprises at its Q1 results presentation on April 30. The first was the results itself, with a Group loss of EUR -336mln. The second is when the German aviation giant disclosed that it…