SAS reaches deals to change leases for 36 aircraft
SAS has renegotiated leases on 36 aircraft, part of cost savings efforts under its Chapter 11 restructuring process. The…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Reeling from Russian airspace closure, Finnair looks to cut jobs
Hurt by the closure of Russian airspace, Finnair is in talks with staff on cutting up to 200…
Too slow: Scandinavian carrier SAS fined over way it announced pilot strikes
SAS has been fined by the Stockholm stock exchange after some journalists were told about pilot strikes minutes…
Strong bookings set to help Air New Zealand to six-month profit
Bookings for New Zealand travel are doing well and Air New Zealand is expecting a return to profit,…
German state sells remaining stake in Lufthansa
The German state has sold its remaining shares in Lufthansa Group after acquiring up to 20% in order to keep…
SAS, hit by strikes and Chapter 11, prepares to recruit staff for summer 2023
SAS is preparing to take on substantially more staff for summer 2023, expecting an increase in demand. Many airlines…
Norwegian eyes “next chapter” after renegotiated Boeing 737 deal
Low-cost carrier Norwegian said current booking trends are positive and a recently negotiated deal with Boeing for narrowbody…
BOC Aviation writes down $804 million for 17 jets stranded in Russia
Singapore-based aircraft leasing company BOC Aviation reported a net loss after tax of $313 million for the first…
SAS secures $700M financing to support operations during Chapter 11
Scandinavian airline SAS has secured $700 million of financing to support operations through its Chapter 11 restructuring process. The…
Turkish Airlines posts $737 million net income for H1 2022
Turkish Airlines reported a net income of $737 million in the first half of 2022 with revenues in…
Cathay Pacific narrows H1 loss despite severe restrictions
Hong Kong’s flag carrier Cathay Pacific has narrowed its half-year loss despite being among the worst hit worldwide…
Stefano Bortoli appointed CEO of ATR
ATR, with the unanimous support of its shareholders Airbus and Leonardo, has appointed Stefano Bortoli, currently President of…
Cargo demand helps Korean Air increase Q2 operating profit
Air cargo demand and a gradual rebound in passenger traffic has helped Korean Air increase its operating profit…
Private jets help Embraer post highest order backlog since pandemic
Embraer reported its highest order backlog since the start of the pandemic, with the market for private jets…
Lufthansa posts Q2 profit despite geopolitical uncertainty in Europe
Germany’s national carrier Lufthansa (LHAB) (LHA) recorded an operating profit in Q2 for the first time since the…
JetBlue posts second-quarter loss amid surging fuel costs
JetBlue (JBLU) has reported a second-quarter financial loss due to soaring fuel costs. In Q2 2022, the airline…
ANA shows signs of recovery after returning to profit
All Nippon Airways (ANA) has returned to profitability for the first time since the beginning of the COVID-19…
Cost containment and travel demand help Etihad return to profitability
Etihad has returned to profitability in the first six months of 2022 after six years of accumulating multi-billion-dollar…