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Kenya Airways reinstates pay cuts as bailout is delayed

Kenya Airways reinstates pay cuts as bailout is delayed

by admin | Mar 18, 2022 | Airlines | 0 comments

The management of Kenya’s national carrier, Kenya Airways, has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a full month after the country’s supplementary...
AirAsia Group foresees V-shaped rebound as it cuts Q3 losses

AirAsia Group foresees V-shaped rebound as it cuts Q3 losses

by Firdaus Hashim | Nov 23, 2021 | Air Asia, Airlines | 0 comments

AirAsia Group is foreseeing a V-shaped rebound in air travel for the near future, as demand for air travel picks up and global travel restrictions continue to ease, with the low-cost carrier group expressing hope that initiatives such as the upcoming vaccinated travel...
Philippine Airlines parent cuts Q3 pre-tax loss

Philippine Airlines parent cuts Q3 pre-tax loss

by Firdaus Hashim | Nov 18, 2021 | Airlines | 0 comments

The parent company of Philippine Airlines, PAL Holdings, reported a smaller pre-tax loss during the third quarter of 2021, as growing revenue helped the company. Pre-tax loss for the quarter ended 30 September came in at 5.05 billion pesos, an improvement from the...
Thai Airways cuts operating loss in the first nine months of 2021

Thai Airways cuts operating loss in the first nine months of 2021

by Firdaus Hashim | Nov 16, 2021 | Airlines, Thai | 0 comments

Thai Airways International managed to reduce its operating loss for the first nine months of 2021, despite a decline in revenue due to new COVID-19 outbreaks in Thailand, coupled with ongoing international travel restrictions related to the pandemic. Operating loss...

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