UPDATE – Italian airline ITA Airways ended 2022 with a €486 million net loss, newspaper Corriere della Sera reports. Last year has been the first full year of ITA’s history as it launched services in October 2021, so no comparable…
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.…
Air France-KLM has launched an offering of deeply subordinated undated bonds worth €300 million that may be converted into new shares or are exchangeable for existing shares. The offering, which should help to improve the negative equity position of the airline…
Lessor BOC Aviation has taken an $804 million write-off in its HY1 results on seventeen of its aircraft that are still in Russia. Because of the one-off impact, BOC ended the first six months with a net loss after tax of…
JetBlue has launched a new program to reduce costs by $250 million in 2024 by introducing operational and planning efficiencies. The plan follows a review of its long-term cost structure, which has been tweaked before in recent years. High costs…
UPDATE – Numerous flight cancelations and other operational disruptions have cost easyJet £133 million extra in its third quarter of the financial year 2022, which runs from April to June. Labor shortages with the airline itself as well as operational…