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Category Airlines

IATA expecting more gloom for airlines

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The international airline industry is set for a combined net loss this year of $-47.7 billion. While that’s an ‘improvement of last year’s $-126.4 billion, it is a clear demonstration of the continued difficulties within the airline market, IATA said…

Aeromexico Lost $209 Million in 1Q21

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During the first quarter of 2021, Grupo Aeromexico posted a net loss of US$209 million (4.192 billion pesos), the airline said on its quarterly report. Aeromexico’s revenues continue at 51.3% under the pre-pandemic values, but it’s slowly coming back.  Aeromexico’s…