Unsurprisingly, Southwest Airlines and Spirit Airlines have also reported Q2 losses, both announcing their results on July 23. Southwest recorded a net loss of $-915 million or even $-1.5 billion without special items, Spirit a $-144.4 million net loss. Alaska...
The outlook for AirAsia, one of Asia’s biggest low-cost airlines, has received a serious dent after external auditor Ernest & Young issued an unqualified audit opinion about the ability of the airline as a going concern. The impact of the Covid-19 crisis makes the...
Aircraft lessor Avolon has confirmed it has canceled more orders for the Boeing MAX. In its Q2-update, the Dublin-based lessor says it has removed commitments for 27 MAX in its 2020-2022 timeframe. These are additional to the 75 aircraft canceled in Q1 announced in...
Airbus is to slash 15.000 positions before mid-2021 as it adapts to revised market conditions. The European airframer said on June 30 it needs to resize following a forty percent reduction in production after Covid-19. The announcement was expected only later in July....
Given the paucity of good news from the commercial aviation industry, why not take a look at data for 1Q20? Here is a combination of data from the US DoT T-2 and Form41. This selection shows the US airline single-aisle airline fleet in terms of fuel burn/seat/hour...
