Arabian full-service carrier Oman Air has announced a comprehensive restructuring plan that will take up to three to four years to complete. The restructuring is done “in the interest of financial sustainability and operational continuity”, the airline said on August 8.…
Southwest Airlines says its Q4 result will slip to a $-725 to $-825 million pre-tax loss, the result of the meltdown of the carrier’s operations between December 21 and December 31. “A significant portion of this impact is from an estimated…
The full-year loss of SAS Scandinavian Airlines deepened as the airline works its way through the Chapter 11 restructuring process. Despite carrying significantly more passengers in the past months, the financial results are lagging behind. SAS continues to see deep red…
Japan’s All Nippon Airways (ANA) reported a record loss of Yen -312 billion during the first nine months of its fiscal year 2020. With one more quarter to go, the airline is seeing some recovery on the domestic and cargo…
Lufthansa is to cut more full-time jobs and retire additional aircraft, it announced on September 21 in its third restructuring program. An unspecified number of extra jobs will be lost, on top of the 22.000 full-time equivalents reported in April…