Thanks to the recovery of air travel, the airline industry will likely be able to reduce its losses this year to $9.7 billion. This is an improvement over the previous forecast of a $-11.6 billion loss from October and includes the effects of inflation, the...
Singapore Airlines significantly reduced its losses last year, thanks to the reopening of borders in key markets and the resultant recovery in demand. Forward bookings for this summer are almost back to 2019 levels but high fuel prices and inflation are a concern, the...
Air China, China Eastern, and China Southern Airlines all reported deepening losses for the first quarter of the year. With many cities and regions in strict lockdowns, the Big Three were confronted with a significant drop in traffic. Although restrictions continue,...
Malaysia Airlines Group produced a positive operating result or EBITDA in 2021, the first in many years. The result reflects efforts to restructure the balance sheet and reduce debt. With passenger traffic still low, MAB main revenue generator was cargo. Malaysia...
China’s three biggest airlines have all reported continued and often even deepening losses for 2021. Air China, China Eastern Airlines, and China Southern Airlines continued to suffer from the country’s strict zero-tolerance Covid policy. As the year progressed,...
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