Blocked airline funds have surged 25 percent ($394 million) to $2 billion in the past six months, adding to the operational headache for carriers in 27 markets. The numbers, released today on the sidelines of the International Air Transport Association’s (IATA) Global...
Restoring its operational performance to solid levels has helped Alaska Airlines to produce a strong third quarter. And with the ratification of three major labor deals at Alaska and its subsidiary Horizon, long-term labor stability should be guaranteed to keep the...
UPDATE Oct 5 – In an update of its Chapter 11 restructuring and financial outlook, SAS Scandinavian Airlines says it expects to return to reach an operating profit in its financial year 2024 and become net-debt free in 2026. Revenues should return to pre-Covid...
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,...
Japan Airlines (JAL) has accelerated its medium-term management plan and targets a return to FY19 profit levels already this year, one year earlier than outlined last year in the 2022-2025 strategy. The airline also puts Environmental, Social, and Governance (ESG) at...
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