Delta is almost done with the pandemic
Delta Air Lines will leave the effects of the pandemic firmly in its rearview mirrors by the end of the year. “We call the end of 2023 the end of our restoration process. By the end of 2023, we will…
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IATA predicts almost ten billion in airline profits this year
The global airline industry is expected to generate $9.8 billion in net profits this year, the International Air Transport Association (IATA) said on Monday in its latest outlook. This is more than double that of the December guidance of $4.7 billion.…
ITA Airways reports almost 500 million net loss
UPDATE – Italian airline ITA Airways ended 2022 with a €486 million net loss, newspaper Corriere della Sera reports. Last year has been the first full year of ITA’s history as it launched services in October 2021, so no comparable…
Boeing Capital: aircraft financing almost back at 2019 levels
Boeing is confident that 2023 will see commercial aircraft financing reach almost 2019 levels again. In the latest Commercial Aircraft Financial Market Outlook (CAFMO), Boeing Capital expects some $94 billion in aircraft financing to be available this year compared to…
Air Arabia Group almost doubles net profit in Q3
Air Arabia reported a record-high net profit for Q3. Notwithstanding the economic and geopolitical uncertainties, the carrier continued its strong form which was already evident in the first six months of 2022. Air Arabia Group almost doubles net profit in Q3.…
Lufthansa’s Q3 results almost on par with those of 2019
It’s not completely there yet, but Lufthansa Group is getting pretty close already to 2019 operating and profit levels. The airline group reported Q3 revenues and an operating result today that was almost identical to Q3 2019, confirming the recovery trend…