Despite numerous uncertainties in the market, TAP Portugal is cautiously optimistic that positive demand for travel combined with the fruits of restructuring will steer the airline in the right direction again. TAP has started implementing the plan that was announced back…
First, there were the targets from the 2020 recapitalization plan, followed by an enhanced operating model late last year to give it more flexibility. Now, Scandinavian airline SAS has announced a full transformation of its business to secure its long-term position.…
Air Arabia has reported strong results for its fourth quarter and full year of 2021. Despite the effects of the pandemic, the low-cost airline produced an AED 720 million profit for the twelve-month period as it was able to continue…
Icelandair plans to return to profitability this year as it grows back its network to eighty percent of 2019 levels, it said today during its 2021 results presentation. The final quarter ended at a loss, but EBIT was still at…
2022 will be a “transitional year” for US low-cost carrier JetBlue. It plans to pull “meaningful levers” to restore its earnings and improve on costs after reporting a $182 million net loss for 2021, including a $129 million loss in…
Airbus will assemble the A321XLR no longer just in Hamburg from 2023 but also at other production sites, it says on December 6 in an XLR program update. Until today, the European airframer has always stated that the ultra-long-range version…