Aviation economics & finance news covering aircraft leasing, financial reports

China’s domestic flights nearly recovered, US remains 45% down

An air traffic assessment released by EUROCONTROL revealed staggering differences in domestic flight recovery throughout...

Air New Zealand suffers first loss since 2002

Air New Zealand has reported its first annual loss since 2002. The air carrier declared a pretax loss of €48.8 mill...

JetMS: We are seeing a strong recovery in business aviation

During the peak of the COVID-19 pandemic, aviation’s future seemed bleak. While airlines are still not operating at full...

airBaltic Airbus A220-300 YL-CSE landing at Moscow Sheremetyevo I

airBaltic half-year losses balloon despite record start to 2020

Despite a record-breaking start to the year, airBaltic, much like the rest of the industry, lost a lot of money due to t...

Virgin Atlantic Airbus A330 landing at Miami International Airpor

Virgin Atlantic secures funds to avoid collapse in September

Virgin Atlantic is seemingly stepping out of deep water, as creditors approved a crucial rescue plan that secured its me...

UAE companies to get U.S sanctions for aiding blacklisted airline

The United States imposed sanctions on two United Arab Emirates-based companies for providing material support to Irania...

Lufthansa subsidiaries to get vital financial injection

The German Economic Stabilization Fund (WSF) has approved financial support for German flag-carrier Lufthansa subsidiari...

Sweden rejects Norwegian credit guarantee

Having survived a near-death experience during the COVID-19 lockdown, low-cost carrier Norwegian seems to be struggling...

easyJet to close three British bases

The British low-cost carrier easyJet will close its bases in London-Stansted, London-Southend, and Newcastle from Septem...

Azul showcases $186 million cash increase amid losses

Brazilian airline Azul revealed a net increase in cash during Q2 FY2021 while avoiding any new loans....

Cathay Pacific buries “meaningful recovery” prospect for long

After facing the consequences of social unrest in the city of Hong Kong, Cathay Pacific took the full brunt of the coron...

Air Arabia’s 2020 loses reach $46 million

Air Arabia said it witnessed the full impact of the global COVID-19 pandemics within the past three months, as the losse...

B747-400F nose-loader liveried and operational on Magma Aviation

AviaAM Leasing, part of the Avia Solutions Group, has announced the purchase of a Boeing 747-400F nose-loader aircraft w...

ALC: almost 60% of airlines got lease payment deferrals

Despite the fact that Air Lease Corporation (ALC) agreed on an abundance of lease payment deferrals, the lessor managed...

How Korean Air used pandemic to generate profit

Korean Air, the flag carrier of South Korea, became the first airline to disclose that it managed to achieve a net profi...

$25 billion aid package for US airlines moves forward

A group of United States Republican senators have backed the extension of payroll assistance program that would see airl...

Marginal profit drop for lessor Dubai Aerospace

Despite the painful situation of the aviation industry at the given moment, Dubai Aerospace continues its profit run as...

Virgin Atlantic files for bankruptcy in the United States

Virgin Atlantic files for asset protection in the United States

Virgin Atlantic has filed for bankruptcy protection concerning its activities in the United States while it is still wai...

Woes for Boeing continue, as ALAFCO cuts 737 MAX order

After filing a $336 million lawsuit against Boeing, ALAFCO had reached a mutual agreement with the U.S. based aircraft p...

air france klm aircraft tails aerotime news

KLM announces 5,000 layoffs as losses soar

AirFrance-KLM declared a total of 10,000 employees are to become redundant as the group looks to minimize its costs. &nb...

Singapore Airlines Group loses $1B, expects rapid recovery

Singapore Airlines (SIA) Group (SIAG) can be officially chalked off with the rest of the airlines worldwide after taking...

Airbus posts $2.2 billion net loss in H1, deliveries cut in half

Airbus reported a $1.9 billion loss for the second quarter of 2020, as the manufacturer announced it slowed down product...

Boeing reports $2.4 billion net loss, postpones 777X to 2022

Boeing reported a $2.4 billion loss for the second quarter of 2020. The manufacturer announced it would slow down produc...

Wizz Air expands as Q1 reports near negligible losses

Wizz Air’s Q1 FY2021, financial results revealed a $127 million (€108 million) statutory net loss, exceedingl...

Air travel industry bailouts totaling $42b backed in US Congress

The United States House signed a letter backing a six-month extension of a $32 billion payroll aid program for the...

IAG looks to save $704 million on Air Europa deal

International Airlines Group (IAG), parent to Aer Lingus, British Airways, Iberia, and others, is reportedly negotiating...

Hong Kong government adds to Cathay Pacific troubles

As Cathay Pacific Airways is trying to preserve cash by delaying some aircraft deliveries, a new health policy unveiled...

Downhill journey: United Airlines report record losses of $1.6B

On July 21, 2020, United Airlines announced the most difficult financial quarter in the company’s 94-year history...

Brussels Airlines: Lufthansa and Belgian government reach deal

The Belgian government and airline Lufthansa have reached an agreement on the rescue of Brussels Airlines. A state-loan...

Air China, China Southern and China Eastern aircraft

“Huge losses” reported by all three major Chinese carriers

Chinese “Big Three” – China Southern Airlines, China Eastern Airlines and Air China – have relea...

Passenger aircraft utilization amidst COVID-19: new solutions

As the COVID-19 swept through the industry many airlines were trying to sustain their daily operations as demand for pas...

Aviation Economics & Finance

China’s domestic flights nearly recovered, US remains 45% down

Air New Zealand suffers first loss since 2002

JetMS: We are seeing a strong recovery in business aviation

Sales reps tips for people starting a new job in a pandemic [Video]

Emirates pilot Massimo: no prospects for seasoned pilots post-crisis?

New Chair takes the reins at UK CAA at height of pandemic

Flight attendant’s story: lost job while stuck in exotic island

UK Aviation Minister: “I want nothing more than to see planes back in the sky”