by Richard Schuurman | Apr 19, 2021 | Airlines |
US-start up Breeze Airways is on schedule for a summer launch as it is at the tail end of the FAA approval process. Founder and CEO David Neeleman gave an update during the online World Aviation Festival on April 19 when interviewed by Bloomberg’s Chris Jasper. Maybe...
by Richard Schuurman | Mar 19, 2021 | Embraer |
Embraer is “cautiously optimistic” about signing new orders this year, but is fully aware that the Covid pandemic isn’t over and that the situation can change. CEO Francisco Gomes Neto said during the earnings call presentation on March 19. The Brazilian airframer has...
by Richard Schuurman | Aug 21, 2020 | Aerospace |
In what has become a very familiar story since this Spring, regional aircraft lessor Nordic Aviation Capital (NAC) has also seen its positive results in the first part of the year being wiped out by the effects of Covid-19. NAC recorded a $ -639.1 million net loss for...
by Richard Schuurman | May 5, 2020 | Air Canada |
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...
by Richard Schuurman | Apr 30, 2020 | American Airlines |
American Airlines reported a $-2.2 billion Q1 net loss on April 30, four times the size of its main competitor Delta ($-422 million). This includes special items, otherwise, the result would have been $-1.1 billion. Still, it is another indication of how the current...
