Air Lease Corporation (ALC) is currently unable to ‘reasonably estimate’ the impact of the Covid-19 crisis on its business, operational results, and financial position for the foreseeable future, the US-lessor reported in its Q1-results on May 7. The company is…
Norwegian needs access to additional state aid and secure support from lessors and bondholders before mid-May, otherwise, the low-cost airline will run out of cash and is likely to collapse, the company warned in an investor’s presentation on April 27.…
[UPDATED] With the December DoT On-Time data available we have been digging into the 2019 data. Something popped that warrants sharing. Slicing Delta out of the data for single-aisles we noticed something that stands out. What is happening with their…
Higher revenues, more passengers, but still a lower net result. That describes the fiscal year 2019 for Air France-KLM. The Franco-Dutch airline group recorded a net income in 2019 of EUR 290 million compared to 420 million in 2018 (a…
Low-cost airline Air Arabia has turned the corner on a very difficult 2020 by reporting a small but significant profit of AED 20 million for its final quarter. It remains to be seen if the carrier can keep up this way…
“Al Baker hungry for new opportunities”, our headline said last week of Qatar Airways looking for new investment options. Today, we know Al Baker can delete one of his projects. Qatar and Alisarda announced on February 11 they will end…