All Nippon Airways (ANA) returned to profitability for the first time in ten quarters this Q1 (April-June), but only at a tiny margin. The carrier reported ‘just’ a ¥1.002 billion net profit, which compares to ¥-51.159 billion for the same quarter last year. ANA also...
Airline results continue to show sharp contrasting fortunes these months, with deep losses suddenly changing for record profits. Singapore Airlines is no exception. It reported a $556 million net profit in the first quarter of the fiscal year 2022/2023, the...
Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally,...
British Airways is doing everything it can to prevent a repetition of the travel chaos it experienced in Q1 at London Heathrow and from IT issues. It is beefing up its organizational structure, hiring new staff, and rebuilding IT, but the carrier is frustrated by...
Spirit Airlines used a large part of its Q1 earnings call to further clarify why it opposes the unsolicited offer from JetBlue. The offer raised too many red flags and would harm the interests of Spirit’s shareholders, it said on May 5. Spirit Airlines sees too many...
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