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Spirit Airlines sees red after legal and advisory fees

Spirit Airlines sees red after legal and advisory fees

by Richard Schuurman | Feb 6, 2023 | Airlines | 0 comments

Spirit Airlines announced a $-270.7 million reported net loss for Q4 2022, which after excluding special items turns into a small $12.6 million profit. Full-year, the ultra-low-cost US airline wrote deep red numbers with a $-554.2 million reported net loss or $-189.4...
SAS continues to see deep red as restructuring progresses

SAS continues to see deep red as restructuring progresses

by Richard Schuurman | Nov 30, 2022 | Airlines | 0 comments

The full-year loss of SAS Scandinavian Airlines deepened as the airline works its way through the Chapter 11 restructuring process. Despite carrying significantly more passengers in the past months, the financial results are lagging behind. SAS continues to see deep...
China’s Big Three see deeper red in Q3

China’s Big Three see deeper red in Q3

by Richard Schuurman | Nov 1, 2022 | Airlines | 0 comments

China Eastern, China Southern, and Air China all reported Q3 losses, the effect of China’s continued strict Covid policy that reduced air travel while at the same time expenses were rising. The carriers already reported losses for the first half year. China’s...
Spirit Airlines sees too many Red Flags in JetBlue’s offer

Spirit Airlines sees too many Red Flags in JetBlue’s offer

by Richard Schuurman | May 5, 2022 | Airlines | 0 comments

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...
Turkish Airlines swings back into profit after one year in red

Turkish Airlines swings back into profit after one year in red

by Richard Schuurman | Mar 1, 2022 | Airlines | 0 comments

UPDATE – After only one loss-making year during the pandemic, Turkish Airlines has swung back to profitability in 2021. The carrier reported a profit of $959 million compared to an $836 million loss in 2020. Last year’s result is even better than that of 2019...
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