Delhi-based low-cost airline SpiceJet reported a net loss of Rs-8.378 million ($-103.1 million) or Rs-5.777 million ($-71.1 million) excluding foreign exchange adjustments for its second quarter ending September 30. This compares to a net loss of Rs-5.617 million ($-69.1 million) or…
Based on strong forward bookings for the next couple of months, Qantas expects to close HY1 of its FY23 with a better-than-anticipated result. The airline counts on a headline profit before tax of A$1.2 to $1.3 billion, it said on October…
IATA Director-General Willie Walsh is optimistic that air passengers won’t be confronted with widespread travel disruptions for the rest of 2022, specifically during the coming December travel peak. He thinks that airlines and airports have made steps to prevent the…
Singapore Airlines significantly reduced its losses last year, thanks to the reopening of borders in key markets and the resultant recovery in demand. Forward bookings for this summer are almost back to 2019 levels but high fuel prices and inflation…
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,…
The unpredictability of crude oil prices and their effect on jet fuel prices makes Lufthansa Group very cautious about the financial results for the full-year 2022. Although the airline is seeing strong bookings, fuel costs are a negative factor. Lufthansa will…