Finnair produced its third consecutive profitable quarter in Q1 and excepts revenues and EBIT to improve significantly year on year. Yet, the carrier remains cautious about the longer-term outlook and its operating environment. Finnair pleased with Q1 but remains cautious.…
All Nippon Airways (ANA) returned to profitability in 2022, reporting its first black numbers since the pandemic started in 2020. The ¥89.4 billion net profit for the financial year 2022 follows a strong recovery of the Japanese airline, which is set…
SAS Scandinavian Airlines is more optimistic about its long-term financial position and has revised upward guidance on key financial targets. This follows on a more detailed review since the airline shared preliminary figures in late February. SAS more bullish about…
UPDATE – Lufthansa Group returned to profitability in 2022 and has left the Covid-crisis behind it. The airline group reported a consolidated net profit of €791 million, which puts its ahead of its main European rivals Air France-KLM (€728 million) and International…
Air Canada returned to profitability in the final quarter of 2022, producing its first profit since Q4 2019. Although the full year was still loss-making, the carrier more than halved its net loss. The airline is expecting a “solid demand environment…
The end of the year is nigh, and it is time to summarize where we are and where we are going as an industry. Here’s our viewpoint on the current situation and our forecast of where we are headed in…