Actually, it is a kind of a miracle: despite severe travel restrictions into Hong Kong, Cathay Pacific has been able to improve its financial results in HY1 2022. The carrier reported an HK$-4.999 billion net loss compared to HK$-7.564 billion in…
UPDATE – The recovery of air travel remains so fragile and financial headwinds are so strong that Ryanair only can say that it hopes to return to “reasonable profitability” in the current FY23. Close-in bookings, low fares, high fuel prices,…
Virgin Atlantic looks back on 2021 as a year that was even more challenging than the first year of Covid. “Persistent volatility in international travel, fueled by ever-changing restrictions and testing requirements, resulted in significant losses and a decline in passenger…
The road to recovery has some way to go, but the situation around Covid seems to be stabilizing to offer Qantas the chance to recover strongly in the next few months. Domestic capacity should be back to 90-100 percent before the…
Airbus targets to deliver 720 aircraft this year, up from 611 in 2021. But getting to this level will be “extremely difficult”, CEO Guillaume Faury said during the 2021 results presentation on February 17. “We need to earn our right…
Last year, air travel recovered to 41.6 percent of 2019 levels mainly thanks to domestic travel, but the past year was another difficult one for the airline industry, the International Air Transport Association (IATA) reported on January 25. Cargo outperformed…