LATAM Airlines Group posted a $4.54 billion net loss in 2020 due to the impact of the COVID-19 pandemic. Last year, LATAM was one of the three Latin American airlines to file for Chapter 11 bankruptcy in the US, to have “an opportunity to work with the group’s...
Delta Airlines will further simplify its fleet by retiring three more aircraft types, it announced in a stock exchange filing on September 25. The first to go out by December 2023 will the Bombardier CRJ200s, of which 22 are already in storage. Delta Connection...
Lufthansa Group recorded a EUR -2,1 billion net loss for the first quarter, it announced on June 3 during a delayed Q1-results presentation. Remember this period includes only the start of the Covid-19 crisis, so there is worse to come during Q2. The net loss compares...
Air Canada is to reduce its fleet by 79 aircraft as it seeks to cap costs and improve its financial position, the airline announced on May 4. This follows on a net loss of $1.049 billion in Q1, down from a 345 million profit last year. It is the first lossmaking...
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