No Christmas cheer for Ryanair as Omicron prompts profit warning, flight cuts
Europe’s largest low-cost carrier, Ryanair, is feeling the effects of the Omicron variant of the COVID-19 virus, issuing…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Aeromexico creditor objects to proposed restructuring plan
Aeromexico creditor Invictus Global Management has formally objected to the airline’s proposed restructuring plan to emerge from Chapter 11 bankruptcy…
US court approves Philippine Airlines’ recovery plan
The United State Bankruptcy Court of the Southern District of New York has cleared Philippine Airlines’ recovery plan, four months after the…
Delta Air Line anticipates profitability in 2022
Delta Air Lines anticipates that 2022 will be a profitable year, as it expects business and international air travel recovery to gain momentum once travel restrictions ease. Delta…
IAG terminates $1.1B Air Europa deal, but considers alternatives
IAG has terminated a planned agreement to purchase Spanish airline Air Europa, and is instead looking at other…
A turbulent deal. IAG confirms advanced talks to end Air Europa purchase
IAG looks set to scrap its planned acquisition of Spanish airline Air Europa. The airline group announced on…
Richard Branson, Delta provide further funding for Virgin Atlantic
Virgin Group and Delta Air Lines have invested a combined £400 million ($528 million) in Virgin Atlantic as…
Business rescue plan approved for SAA low-cost unit Mango
The path is clear for South African Airways (SAA) unit Mango Airlines to find an equity partner. SAA announced…
Indonesia AirAsia narrows losses but remains uncertain about recovery
The subsidiary of AirAsia Group, Indonesia AirAsia (IAA), narrowed its net loss during the first nine months of 2021. However, the low-cost…
SAS says Q4 boosted by corporate travel pick-up, leisure demand
Scandinavian carrier SAS said its fourth quarter was the strongest since before the pandemic, driven by a pick-up…
easyJet eyes summer 2022 growth even as Omicron variant emerges
easyJet expects a return to pre-pandemic levels of capacity for summer 2022, and says it is ready to…
LATAM submits its restructuring plan
Latin America’s largest carrier, LATAM Airlines Group has submitted its business restructuring plan. In a press statement dated November 26, 2021, LATAM Airlines…
Garuda Indonesia uncertain about future, plunges deeper into the red
Indonesia’s flag carrier, Garuda Indonesia, widened its net loss during the first nine months of 2021, citing liquidity pressures and “uncertainties about the Group’s…
Cost control helps AirAsia Group to narrow Q3 loss
AirAsia Group narrowed its losses during the third quarter of 2021. The results were attributed to cost control…
Thai Airways reports profit for the first nine months of 2021
Thai Airways reported a net profit in the first nine months of 2021. The positive financial outcome was…
Lufthansa repays all German government aid sooner than expected
Lufthansa (LHAB) (LHA) has repaid all the financial aid it received from the German government earlier than expected.Germany’s…
Azul posts third-quarter profit, first since the COVID-19 pandemic
Brazilian carrier Azul (AZUL) generated an operating profit for the first time since the start of the COVID-19…
Solid cargo demand helps Korean Air to post Q3 profit
South Korea’s flag carrier, Korean Air, reported a net profit in the third quarter of 2021. The positive…