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…
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…
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…
A huge reprieve came the way of African airlines following the removal of many of the countries from the United Kingdom’s red list. Nigeria, South Africa, Eswatini, Namibia, Botswana, Mozambique, Lesotho, Malawi, Zambia, and Zimbabwe had found themselves on the…
Japan’s All Nippon Airways (ANA) reported a record loss of Yen -312 billion during the first nine months of its fiscal year 2020. With one more quarter to go, the airline is seeing some recovery on the domestic and cargo…