Delta Air Lines is very pleased with its 2022 result as it turned a $-940 million Q1 loss into a $1.318 billion full-year profit and made good progress in restoring the balance sheet. Forget the Covid years 2020 and 2021,…
Cathay Pacific has confirmed the closure of its London pilot base with affected staff to be offered relocation to Hong Kong or redundancy, local media has reported, citing a company statement. The airline said London-based pilots have not flown since…
Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which confirmed 2020 as the…
Austrian Airlines is taking severe cost-cutting measures from 2021 to assure it return to profitability. Between 700 and 800 staff will be made redundant as the airline needs to save EUR 90 million annually after having given a profit warning…