Despite an “extremely challenging” start to 2022, Cathay Pacific is “resolutely committed” to protecting its position as a leading airline at its Hong Kong hub. “We have absolute confidence in the long-term future of Hong Kong. Everything we do at Cathay…
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…
GAMA released its Year End 2021 results for shipments and billings earlier today. Business Aviation continued to slowly improve during the fourth quarter of 2021, with deliveries and billings recovering but not quite reaching pre-pandemic levels from 2019. Despite a…
Robust advanced tickets sales and the return to a small positive EBITDA for the first time in seven quarters give Air Canada reason for optimism that it is heading in the right direction for recovery. The airline said the same in…
Despite continued travel restrictions within the Asia Pacific region, Korean Air has returned to profit in 2021. The carrier benefitted in particular from strong cargo revenues, which increased by almost sixty percent year-on-year, it reported in January 27. Operating profits were…
Uganda Airlines is planning to launch long-haul services to Europe, the Middle East, and the Far East later in 2022. Longer-term, the airline is looking at services to India and even China, it confirms to AirInsight. Uganda Airlines plans more long-haul…