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Brazil Airlines Present 2021 Financial Results

The 1Q21 was rough for carriers like GOL and Azul Linhas Aereas . In the past weeks, Brazil airlines presented their financial results. They operated amid the second wave of COVID-19 infections throughout the South American giant, which crippled demand. Nevertheless,...

IAG looks to UK for May travel relaxations

International Airlines Group (IAG) reported a EUR -1.067 billion after-tax loss for the first quarter, an improvement of EUR -1.683 billion in the first quarter last year but still reflects badly, it said on May 7. The operating loss was EUR -1.068 billion versus...

Japan Airlines on an aggressive strategy to recovery

Japan Airlines (JAL) has set some aggressive targets for the current decade to 2030 to become more profitable, competitive, and sustainable. It presented its medium-term management plan on May 7, which includes a projected EBIT of Yen 170 billion in FY23, Yen 185...

Swiss International Air Lines forced to make deeper cuts

SWISS International Air Lines is forced to make deeper cuts in its organization and fleet, it announced on May 6. It confirms that the state of Europe's airlines is still far from stable. Drastic actions are unavoidable as the national carrier of Switzerland counts on...