2022 will be a “transitional year” for US low-cost carrier JetBlue. It plans to pull “meaningful levers” to restore its earnings and improve on costs after reporting a $182 million net loss for 2021, including a $129 million loss in…
The Omicron effect on bookings and staffing will push Southwest Airlines back into a loss-making first quarter, but the carrier expects to be profitable for the rest of the year and end 2022 with black numbers. The US low-cost reported a…
UPDATE – Boeing has taken a pre-tax non-cash charge of $3.460 billion on the 787 program as deliveries remain suspended over quality issues. Abnormal costs for the Dreamliner increased by $285 million in Q4 and total approximately $2.0 billion, with…
Wizz Air is likely to incur over a half billion loss for its full financial year 2022 as it expects the current fourth quarter to suffer an even higher loss than in Q3. The ultra-low-cost from Central Eastern Europe reported a…
UPDATE – American Airlines has swung back into a net loss in the final quarter of 2021. After its best quarter ever in Q3 with a $169 million net profit, Q4 ended in red with a $931 million net loss. The carrier…
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…