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ANA and JAL improve profits but don’t share the same optimism

ANA and JAL improve profits but don’t share the same optimism

by Richard Schuurman | Feb 2, 2023 | Airlines | 0 comments

Japan’s two big airlines All Nippon Airways (ANA) and Japan Airlines (JAL) both reported much-improved nine-month FY22 results. But where ANA is revising its financial guidance upwards, JAL is taking a more conservative approach to the final quarter. ANA and JAL...
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...
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...
Air New Zealand ups guidance as strong demand continues

Air New Zealand ups guidance as strong demand continues

by Richard Schuurman | Dec 8, 2022 | Airlines | 1 comment

Air New Zealand has upped its first half-year guidance, expecting higher earnings thanks to the continued strong demand on both its domestic and international network. A helping factor is a decline in fuel prices, the airline said in a trading update on December 8....
Qantas upbeat about even higher pre-tax profit

Qantas upbeat about even higher pre-tax profit

by Richard Schuurman | Nov 23, 2022 | Airlines | 0 comments

Qantas continues to update its HY1 guidance but in a positive way. As demand continues to soar, the Australian carrier expects to close its first six months of FY23 with an underlying profit before tax of between A$1.35 billion and A$1.45 billion, it said on November...
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