Finnair has announced a drastic strategy change on September 7 that should help to overcome the headwinds from the Covid crisis and the war in Ukraine. The airline will opt for a more balanced network to make it no longer dependent on flying over Russia, reduce the...
Qatar Airways returned to profitability for the first time since 2017 and reported its highest-ever profit for FY21/22 at QAR 5.6 billion ($1.54 billion). According to the airline, this is 200 percent above its highest historical profit in 2016 and comes in a year...
UPDATE – The recovery of air travel remains so fragile and financial headwinds are so strong that Ryanair only can say that it hopes to return to “reasonable profitability” in the current FY23. Close-in bookings, low fares, high fuel prices, and significant...
High fuel costs, inflation, new Covid variants, and political and economic uncertainties could be showstoppers, but Emirates expects to return to profitability in the current FY2022/2023. The Dubai-based airline reported its second net loss in a row for FY2021/2022,...
The Brazilian carrier Azul Linhas Aéreas released its 2022 first-quarter results, and we can say Azul began the year with profitability, posting a net income of 2.65 billion reais (around US$518 million). Moreover, the airline expects to achieve an all-time operating...
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