Scandinavian Airline Systems (SAS) reports a slight improvement in Q2. It reduced its losses during the first six months of November-April FY21. While these are the best results since a year ago and bookings for this summer look promising, the…
Lower production rates at Boeing and Airbus combined with quality issues on the 787 Dreamliners have forced tier-1 aerostructure supplier Spirit Aerosystems to make a $72.4 million pretax forward charge. The loss is caused by the 787 and A350 rates and…
Financial results of China’s ‘Big Three’ airlines reflect the dire state they have been in during 2020. Despite an almost full recovery to pre-Covid traffic and passenger numbers by October – followed by another slump -, China Eastern Airlines, China…
Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which confirmed 2020 as the…
While the Covid-crisis is far from over, Airbus is confident that the world’s economy and air travel industry will see no further disruptions in 2021. Based on this assumption, the European OEM expects deliveries of commercial aircraft to be on…
Qatar Airways has recorded a QR -7.007 billion loss for its fiscal year 2019/2020, down from -4.751 billion the previous year, it announced on September 27. Mind you, this result reflects the year until March 31, 2020, so before the…