IndiGo eyes future capacity growth despite quarterly loss
IndiGo’s chief executive Rono Dutta is expecting his carrier to increase capacity by 40 percent for the coming quarter
Tag loss
GOL Finishes 2020 With A $416 Million Net Loss
The Brazilian carrier GOL Linhas Aereas posted a $416 million net loss in 2020 due to the impact of the COVID-19 pandemic worldwide. Additionally, in 2020, GOL saw a 54 percent decrease in revenue passengers. The airline carried 16.7 million…
LATAM finishes 2020 with a $4.5bn net loss
LATAM Airlines Group posted a $4.54 billion net loss in 2020 due to the impact of the COVID-19 pandemic. Last year, LATAM was one of the three Latin American airlines to file for Chapter 11 bankruptcy in the US, to have…
Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent
Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which confirmed 2020 as the…
Etihad limits loss to 1.7 billion
Despite a three-month grounding from March to June 2020 and the negative effects of many travel restrictions to and from Abu Dhabi, Etihad Airways limited its losses to just $-1.7 billion. This compares to a $0.8 billion profit in 2019 ,…
Europe’s airlines 2020: Lufthansa Group reports 6.7 billion loss
While some European airlines have released results for their staggered financial years, it was actually Icelandair to be the first one to report on its full-year 2020 results on February 9. Like we have done with US airlines, here is…