A fall in revenue from the passenger and other segments were the primary cause of a widening loss at the financially troubled Garuda Indonesia for the nine-month period to 30 September 2021. Operating loss came in at $1.67 billion, a 52.7% year-on-year rise as...
The parent company of Philippine Airlines, PAL Holdings, reported a smaller pre-tax loss during the third quarter of 2021, as growing revenue helped the company. Pre-tax loss for the quarter ended 30 September came in at 5.05 billion pesos, an improvement from the...
SpiceJet reported a larger loss during the second quarter, as higher operating expenses took a toll on the Indian low-cost carrier. Operating loss for the quarter ended 30 September 2021 came in at Rs 5.62 billion, nearly five times the Rs 1.13 billion loss for the...
Thai Airways International managed to reduce its operating loss for the first nine months of 2021, despite a decline in revenue due to new COVID-19 outbreaks in Thailand, coupled with ongoing international travel restrictions related to the pandemic. Operating loss...
Thai AirAsia’s parent company, Asia Aviation (AAV), has secured board approval to raise 14 billion baht, following its 20 October announcement that it plans to raise funds by issuing convertible bonds and new shares to both new and existing shareholders. The approval...
