Aviation economics & finance news covering aircraft leasing, financial reports

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Emirates posts $1 billion annual loss, bets on profitability in FY2022-23

Emirates posts a $1 billion (AED 3.8 billion) annual loss for FY21-2022. ...

Rolls-Royce expects to achieve increased profit in 2022

Rolls-Royce expects to achieve positive financial results in 2022

British engine manufacturer Rolls-Royce said it was well-positioned to achieve positive financial results in 2022. ...

Norwegian Air posts $102 million loss in Q1, cites ‘seasonally weak’ quarter

Norwegian low-cost carrier Norwegian Air has posted a $102 million (NOK 1,031 million) loss for the first quarter of 202 ...

Aeroflot says it will not publish results for Q1 2022

Aeroflot says it will not publish first quarter financial results

Russian flag carrier Aeroflot has announced that it will not publish financial results for the first quarter of 2022....

Heathrow, London, UK, April 2021, Korean Air Cargo, Boeing 747 Ju

Strong cargo revenues result in operating profit for Korean Air

Cargo revenues drive record profits in Korean Air’s financial results for Q1 2022. The carrier expects its passeng...

Lufthansa: Bookings are back, but summer will be a challenge for the industry

Lufthansa says bookings have exceeded pre-pandemic levels, but expects airport problems to persist over the summer ...

Air France-KLM eyes profitable summer as premium demand returns

Air France-KLM says recovery is here, after posting better than expected profit for the first quarter of 2022 ...

Airbus reports first quarter profits, confirms increased A320 output

After reporting solid first-quarter results for 2022, Airbus confirms it will increase its A320 family output to meet cu ...

EU Commision approves €1.9 million aid for Romanian airline TAROM

The European Commission has approved a €1.9 million Romanian aid package for Tarom to mitigate pandemic-related fin ...

Spirit Airlines rejects Jetblue offer, proceeds with Frontier merger

Spirit Airlines rejects Jetblue's takeover counteroffer to its planned merger with Frontier. ...

ANA anticipates bigger loss than previously expected

Japan’s ANA anticipates greater loss than previously expected

Japan’s All Nippon Airways (ANA) anticipates a greater financial loss than previously expected. ...

Aeroflot to suspend all international flights

Russia allocates $238 million of state aid to airlines to cover flight refunds

Russia allocates $238 million in state aid to local airlines and airports. ...

Wizz Air sees growing travel demand, lower Q4 losses

Wizz Air sees better than expected Q4, growing travel demand

Wizz Air sees growing demand ahead of the summer season as it anticipates better than expected operating results fo...

Delta Air Lines to hire 3,000 cabin crew by 2022

Delta Airline sees return to profit as travel demand reaches “historic high”

Delta Air Lines reported a pre-tax loss of $1.2 billion in the first quarter of 2022 but expects a return to profit in Q ...

air europa B787 about to land at tenerife

Will IAG buy Air Europa after all? New deal on loan, exclusive talks

IAG reaches a new agreement with Air Europa parent Globalia as it seeks a fresh deal to boost its Madrid hub ...

Malaysian AirAsiaX completes $8 billion debt restructure

Malaysia’s AirAsia X has completed its debt restructuring and aims to write $7.86 billion back to profits in the n ...

Operational efficiency helps Embraer to post quarterly profit

Brazilian aircraft manufacturer Embraer has posted a net profit of US$2.1 million in the fourth quarter of 2021. ...

Cathay Pacific reduces 2021 losses but tighter restriction hamper start to 2022

Cathay Pacific shrinks its annual loss for 2021, but says ongoing tough restrictions in Hong Kong have made for a tough ...

flydubai records $229 million profit in 2021, hints at fleet expansion

flydubai reports a $229 million profit as the industry continues to rebound from the COVID-19 pandemic ...

Lufthansa tackles new Ukraine challenges amidst pandemic recovery

Lufthansa is expecting increased travel demand in 2022, though keeping a close eye on how the situation in Ukraine devel ...

Thai Airways denies rumors regarding 30 aircraft purchase

Thai Airways records first full-year net profit since 2016

Thai Airways International reported a full-year consolidated net profit in 2021, its first in five years. ...

Etihad reduces losses, prepares for A350 start in Q2 2022

Etihad reduces its losses in 2021 and says it is confident for spring and summer 2022 ...

War in Ukraine

Finnair shares continue to fall as Russian airspace closure bites

Finnair warns many flights to Asia will be uneconomic due to Russian airspace closure ...

IAG eyes return to profit in Q2 and good summer for its airlines

IAG says a strong recovery is underway and it expects a return to quarterly profits from the second quarter of 2022 ...

qantas aircraft tails pictured in melbourne

Qantas eyes further Omicron hit as COVID-19 losses mount

Australian flag carrier Qantas reports another six-monthly loss as the country emerges from lockdowns and reopens its bo ...

Singapore Airlines posts first quarterly profit since start of COVID-19 crisis

Singapore Airlines reports its first quarterly profit since the start of the pandemic, with travel demand picking up and ...

AirAsia X to raise $40 million in a rights issue

AirAsia X will raise less cash in a rights issue than it initially planned. ...

Norwegian Air Shuttle Boeing 737-800 at Prague International Airp

Norwegian Air Shuttle returns to profit in final quarter of 2021

Norwegian Air Shuttle boasts of a significant improvement in its financial figures for Q4 2021. ...

Air France-KLM posts positive operating result in Q4 2021

Air France-KLM posts positive operating result in its fourth quarter ...

Atlas Air enjoys record results in 2021 amid freight boom

Atlas Air posts record financial results for 2021 and says it is expecting the strong air freight environment to continu ...

Finnair prepares for increased demand this summer, despite Asia restrictions

Finnair is preparing for increased demand this summer as restrictions ease in Europe, but is cautious for Asia opening u ...

Aviation Economics & Finance

Emirates posts $1 billion annual loss, bets on profitability in FY2022-23

Rolls-Royce expects to achieve positive financial results in 2022

Norwegian Air posts $102 million loss in Q1, cites ‘seasonally weak’ quarter

PL-12 Airtruk: how Australia created one of the strangest aircraft in the skies

ACCC grants interim approval for Virgin Australia - United codeshare pricing

The rise, fall, and rebirth of Virgin Australia

Rex Airlines signs LoI for additional Boeing 737-800NG

Harry Houdini’s little-known role in Australian aviation history