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Cathay Pacific bullish for 2023 despite higher FY22-loss

Cathay Pacific bullish for 2023 despite higher FY22-loss

by Richard Schuurman | Jan 21, 2023 | Airlines | 0 comments

Cathay Pacific expects a consolidated loss for FY22 of between HK$6.4 and HK$7.0 billion, which compares to HK$5.5 billion in FY21. It mainly attributes the deeper loss to the “significant losses” from associates that are recognized three months in arear, the Hong...
United Airlines: $737 million net profit in 2022

United Airlines: $737 million net profit in 2022

by Richard Schuurman | Jan 17, 2023 | Airlines | 0 comments

United Airlines reports a $737 million net profit for 2022, a significant improvement over the $-1.964 billion loss for 2021. The fourth quarter saw good margins but was impacted by storm Elliott. United Airlines: $737 million net profit in 2022. United’s operating...
Delta eyes full recovery this summer on the back of strong 2022

Delta eyes full recovery this summer on the back of strong 2022

by Richard Schuurman | Jan 13, 2023 | Airlines | 0 comments

Delta Air Lines is very pleased with its 2022 result as it turned a $-940 million Q1 loss into a $1.318 billion full-year profit and made good progress in restoring the balance sheet. Forget the Covid years 2020 and 2021, said CEO Ed Bastian, 2022 was the most...
United gets ten percent share of Mesa in five-year deal

United gets ten percent share of Mesa in five-year deal

by Richard Schuurman | Dec 30, 2022 | Airlines | 0 comments

The new agreement between Mesa Airlines and United Airlines extends for five years and will see the regional carrier deploy up to 38 Bombardier/Mitsubishi CRJ900s with United Express in the coming March. United will get a ten percent share in Mesa and provide a credit...
Air Transat reduces losses and expects positive 2023

Air Transat reduces losses and expects positive 2023

by Richard Schuurman | Dec 16, 2022 | Airlines | 0 comments

Despite “solid momentum” and “a significant decrease of its adjusted operating loss” in Q4, Air Transat’s parent company Transat AT ended FY22 with a deeper net loss compared to the previous year. The Canadian group reported a loss of C$-445.3 million for the...
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