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IATA calls on governments to return blocked funds to airlines

IATA calls on governments to return blocked funds to airlines

by Michael Wakabi | Dec 7, 2022 | Airlines | 0 comments

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...
Stability Alaska Airlines key to return to 2019 levels next year

Stability Alaska Airlines key to return to 2019 levels next year

by Richard Schuurman | Oct 21, 2022 | Airlines | 0 comments

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...
SAS expects to return to profitability in FY24

SAS expects to return to profitability in FY24

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

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...
Emirates expects a return to profitability but prepares for headwinds

Emirates expects a return to profitability but prepares for headwinds

by Richard Schuurman | May 13, 2022 | Airlines | 0 comments

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 targets a quicker return to profitability

Japan Airlines targets a quicker return to profitability

by Richard Schuurman | May 7, 2022 | Airlines | 0 comments

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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