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Meltdown pushes Southwest into deep Q4 loss

Meltdown pushes Southwest into deep Q4 loss

by Richard Schuurman | Jan 6, 2023 | Airlines | 0 comments

Southwest Airlines says its Q4 result will slip to a $-725 to $-825 million pre-tax loss, the result of the meltdown of the carrier’s operations between December 21 and December 31. “A significant portion of this impact is from an estimated revenue loss in the range...
Entry into service Airbus A321XLR now expected Q2 2024

Entry into service Airbus A321XLR now expected Q2 2024

by Richard Schuurman | Oct 28, 2022 | Airbus | 0 comments

The Airbus A321XLR is expected to enter service in the second quarter of 2024. This is slightly later than what the airframer said in May, when it announced a delay of the program to “early 2024”. Airbus mentioned the latest date in its Q3 results, which were solid...
Defense woes make Boeing slip back into a deeper loss

Defense woes make Boeing slip back into a deeper loss

by Richard Schuurman | Oct 26, 2022 | Boeing | 0 comments

UPDATE – A $2.8 billion charge on fixed-price defense development programs had a significant impact on Boeing’s earnings and revenues, resulting in a $-3.308 billion consolidated net loss in Q3. But despite more aircraft deliveries and higher revenues,...
“Unforeseen challenges” eat into airBaltic’s result

“Unforeseen challenges” eat into airBaltic’s result

by Richard Schuurman | Sep 1, 2022 | Airlines | 0 comments

“Unforeseen challenges” as the effects of the war in Ukraine and higher fuel prices have largely negated airBaltic higher revenues in the first six months. The carrier of the Baltic States reported a €-59.3 million net loss, almost identical to the result in HY 2021...
Lockdowns China push Big Three into deeper losses

Lockdowns China push Big Three into deeper losses

by Richard Schuurman | Aug 31, 2022 | Airlines | 0 comments

China’s Big Three airlines Air China, China Southern, and China Eastern all suffered higher losses in the first six months of 2022. They are the direct consequence of the zero-tolerance Covid-policy that resulted in continued lockdowns in multiple cities across China...
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