Air France-KLM benefitted from 42 percent higher revenues from more passengers and consequently reduced its net loss in Q1 to €-344 million. The outlook for the summer is good and the group’s finances look much better since it has redeemed all remaining state aid and...
Higher revenues but even higher operating expenses hurt Alaska Airlines in the first quarter of 2023. The airline reported a Q1 net loss almost on par with that of 2022, but then revenues and costs were lower. Salary costs and fuel are the main reasons why expenses...
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...
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...
Large engine flying hours of Rolls-Royce turbo engines have further increased to 65 percent of 2019 levels in the third quarter, up from sixty percent by the end of June. They are now on average at 62 percent for the year to date and are up by 36 percent from last...
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