Despite higher than anticipated cost reductions, All Nippon Airways (ANA) has been unable to compensate for the “extremely large reduction in operating revenues” it endured in 2020. The Japanese airline suffered a net loss of ¥-451.3 billion compared to ¥59.3 billion…
April is over, and we’re looking at the first financial reports of 2021. The Latin American airlines had an uneven performance, with many of them facing new government travel restrictions. Others are soaring high and have good perspectives going forward.…
Nigeria has taken a cautious step in curtailing the spread of the COVID-19 pandemic by restricting passengers from India, Turkey, and Brazil into Nigeria. The restriction takes effect from May 4, 2021. However, the ban does not affect those who…
UAE low-cost carrier flydubai reported an AED -712.6 million net loss for 2020, compared to an AED 198.2 million profit in 2019, it announced on May 2. Flydubai remains cautious after the 2020 loss. While the airline is planning to ramp…
Norwegian places hope on a capital increase to improve its financial position as it prepares for a gradual ramp-up of capacity, it said on April 29. The capital increase should pave the way for an exit from the examinership process…
The US airline industry is in the midst of a significant fleet update