The global airline industry is expected to generate $23.3 billion in net profits this year, the International Air Transport Association (IATA) said in its latest forecast during Global Media Day in Geneva. This is more than double that of the…
Like Air France-KLM , International Airlines Group (IAG) can look back on a strong Q3 and has produced even better results than the French-Dutch airline combination. All of IAG’s airlines except Vueling reported double-digit revenue growth, with British Airways finally…
With just two weeks to go until the third quarter is over, various US airlines have fired warning shots over their financial results for Q3. Many cite rising labor expenses and oil prices and changing booking patterns as reasons for…
Qantas is optimistic that it can significantly improve profitability margins in the next seven years through 2030. Instrumental for this is the introduction of the new and more efficient aircraft that the airline already has on order. More rightsizing and…
United Airlines reports a $737 million net profit for 2022, a significant improvement over the $-1.964 billion loss for 2021. The fourth quarter saw good margins but was impacted by storm Elliott. United Airlines: $737 million net profit in 2022.…
Remember that V-recovery everyone was hoping for?