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IATA predicts further reduction of airline losses to 9.7 billion

IATA predicts further reduction of airline losses to 9.7 billion

by Richard Schuurman | Jun 20, 2022 | Aerospace, Airlines | 0 comments

Thanks to the recovery of air travel, the airline industry will likely be able to reduce its losses this year to $9.7 billion. This is an improvement over the previous forecast of a $-11.6 billion loss from October and includes the effects of inflation, the...
Singapore and Cathay slowly benefit from relaxation

Singapore and Cathay slowly benefit from relaxation

by Richard Schuurman | Jun 16, 2022 | Airlines | 0 comments

Relaxed Covid restrictions have improved the results of two of Asia’s key airlines in May. Both Singapore Airlines and Cathay Pacific have reported higher passenger numbers and capacity for the past month, which confirms that Southeast Asia is slowly opening up....
Disruption effects are key to FY23 results of Wizz Air

Disruption effects are key to FY23 results of Wizz Air

by Richard Schuurman | Jun 8, 2022 | Airlines | 0 comments

Continued high fuel costs, operational disruptions at airports, air traffic management issues, and the resulting compensation to customers are expected to push Wizz Air into a first-quarter FY23 operating loss this summer. The ultra-low-cost carrier is particularly...
Argentina’s recovery so far in 2022

Argentina’s recovery so far in 2022

by Daniel Martínez Garbuno | Jun 1, 2022 | Airlines | 0 comments

Let’s take a look at Argentina’s recovery so far in 2022 by using the latest data released by the country’s National Civil Aviation Agency (ANAC). Domestically, Argentina has bounced quite nicely from the COVID-19 pandemic, but internationally the country is still...
Singapore Airlines reduces losses thanks to VTL recovery

Singapore Airlines reduces losses thanks to VTL recovery

by Richard Schuurman | May 18, 2022 | Airlines | 0 comments

Singapore Airlines significantly reduced its losses last year, thanks to the reopening of borders in key markets and the resultant recovery in demand. Forward bookings for this summer are almost back to 2019 levels but high fuel prices and inflation are a concern, the...
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