Indonesia flag carrier Garuda Indonesia has slipped back into red numbers for the first six months of 2023. The carrier posted a $-109.6 million pre-tax operating loss compared to a $4.0 million profit last year. The net loss is $-76.4 million…
Wizz Air expects to return to profitability in the current financial year 2024 and reach pre-pandemic levels, having reported a slightly lower net loss for FY23. The Hungarian low-cost airline’s FY24 target “will be driven by low cost, operational excellence,…
SAS continues to write red numbers, reporting higher operating and net losses for both Q2 and HY1 of the financial year 2023 today. Only revenues and the earnings before tax show an improvement, but the Scandinavian airline remains in a…
It’s still very early days, but by reporting improved first-quarter results, TAP Air Portugal has taken another step to become more attractive to potential investors when it will be privatized in the future. TAP reduced its Q1 net loss to €-57.4…
Despite reporting a NOK-992.8 million net loss, Norwegian Air is actually quite pleased with how it weathered the first quarter of 2023. While the operating loss was higher than in Q1 2022, the airline demonstrated that it is no far more…
Macroeconomic uncertainties and headwinds are to blame as to why Virgin Atlantic expects to return to profitability not this year but only in 2024. The economic situation in its home market in the UK will be worse than expected, notwithstanding…