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Finnair’s Q3 result confirms need for new strategy
Finnair produced its first operating profit since Q3 2019, but the net result is still negative. The €35 million EBIT is also leaning heavily on seasonal effects, with the summer traditionally being the strongest period. Increasing costs confirm the need for…
Airbus predicts India will need 2210 new aircraft by 2040
At Wings India 2022, the biennial aviation event organised by the Government of India, Airbus released its 20-year market forecast for the Indian market. India will require 2,210 new aircraft over the next 20 years, according to Airbus’ latest India…
Norwegian in urgent need of more capital from 2021
Norwegian will need additional working capital in Q1 of 2021 if it is to meet its obligations in the coming twelve months. If it fails to succeed “there is a significant risk that the company becomes insolvent and enters into…
Emirates ends 32 years of profit with urgent need for cash
Emirates ended its fiscal year 2019-2020 with a Group profit of AED 1.7 billion ($0.5 billion), but unless a miracle happens this has been the 32nd and last consecutive year in profit for the Dubai-based airline group. Emirates has been…