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Norwegian ends weak Q1 with net loss but bullish on the summer

Norwegian ends weak Q1 with net loss but bullish on the summer

by Richard Schuurman | May 13, 2022 | Airlines | 0 comments

Thanks to strong forward bookings for the summer and pent-up demand, Norwegian is optimistic to leave a weak first quarter behind it. The airline reported a NOK -1.033 billion net loss in the first three months of 2022, blaming it on low seasonal traffic, Omicron, and...
Volaris begins 2022 with a net loss

Volaris begins 2022 with a net loss

by Daniel Martínez Garbuno | Apr 28, 2022 | Airlines | 0 comments

The Mexican ultra-low-cost carrier Volaris began 2022 with a net loss of US$49 million due to the impact of the rising fuel prices and Mexico’s low season in January and February. Let’s take a look at Volaris’ financial results to start the year.  In the first quarter...
Embraer narrows Q1 loss despite lower revenues

Embraer narrows Q1 loss despite lower revenues

by Richard Schuurman | Apr 28, 2022 | Embraer | 0 comments

UPDATE – Embraer narrowed its first-quarter loss compared to last year, reporting a $31.7 million net loss attributable to shareholders. This compares to $-89.7 million for the same period last year. However, the Brazilian airframer slipped back into a loss...
Air Canada reduces Q1 loss and buys more A321XLRs

Air Canada reduces Q1 loss and buys more A321XLRs

by Richard Schuurman | Apr 26, 2022 | Airlines | 0 comments

Air Canada reported improved Q1 results on April 26, building on a strong recovery in March after the Omicron dip in the first two months. The airline reduced the operating loss to CS$550 million from CS$1.049 billion. Air Canada reduces Q1 loss and buys more...
Single-type business model benefits recovery of airBaltic

Single-type business model benefits recovery of airBaltic

by Richard Schuurman | Apr 14, 2022 | Airlines | 0 comments

airBaltic almost halved its net loss in 2021 and, more importantly, produced a small positive EBITDAR again. This despite the very challenging year that was dominated by the Covid-crisis, it reported on April 14. The improvements reflect a revised business model...
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