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Macroeconomic uncertainties and headwinds are to blame as to why Virgin Atlantic expects to return to profitability not this year but only in 2024. The economic situation in its home market in the UK will be worse than expected, notwithstanding…
JetBlue is looking back on a positive Q1, with record-high revenues that helped it to reduce losses year on year. With strong revenue growth to continue in Q2 and the rest of the year, the US carrier says it is…
Finnair has reached an agreement with its Finland-based cabin crew unions about pay reductions until late 2025. A collective agreement has been extended by one year until January 31, 2025. As a result, the airline cancels its previous plan to…
Thanks to the market developing more positively, Finnair expects this year’s unit revenues to be better than previously anticipated. Key markets in Japan and China have re-opened and should no longer be affected by travel restrictions after the summer. Still, Finnair’s…
Thursday saw two more FY22 earnings releases from US airlines: JetBlue and Alaska Airlines. JetBlue reported a full-year net loss of $-362 million, while Alaska’s profit was a small $58 million. What’s behind these numbers? JetBlue and Alaska Airlines positive about…