Strong cargo revenues result in operating profit for Korean Air
Korean Air reported a revenue of KRW 2.8052 trillion ($2.3168 billion) and a “record quarterly operating profit” of…
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Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Lufthansa: Bookings are back, but summer will be a challenge for the industry
Lufthansa’s (LHAB) (LHA) chief executive doesn’t believe the aviation industry’s staffing problems will be solved in time for…
Air France-KLM eyes profitable summer as premium demand returns
Air France-KLM is expecting a strong summer after reporting better than expected results for the first quarter. The Franco-Dutch…
EU Commision approves €1.9 million aid for Romanian airline TAROM
The European Commission has given the green light for the Romanian government to allocate €1.9 million in financial…
Spirit Airlines rejects Jetblue offer, proceeds with Frontier merger
Spirit Airlines (S64) (SAVE) rejected Jetblue’s takeover counteroffer to its planned merger with Frontier. Frontier and Spirit…
Japan’s ANA anticipates greater loss than previously expected
Japan’s largest carrier All Nippon Airways (ANA) anticipates a bigger financial loss than previously expected. According to the airline’s…
Russia allocates $238 million of state aid to airlines to cover flight refunds
The Russian government will allocate $238 million of state aid to its airlines to cover refunds for passengers…
Wizz Air sees better than expected Q4, growing travel demand
Wizz Air sees growing travel demand ahead of the summer season and anticipates better than expected operating results…
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…
Healthy load factors means Etihad expects first quarter profit for first time
Etihad is expecting to make a first quarter profit for the first time in 18 years, its chief…
Will IAG buy Air Europa after all? New deal on loan, exclusive talks
IAG is keeping alive efforts to buy Spain’s Air Europa. The owner of British Airways and Iberia has…
Malaysian AirAsiaX completes $8 billion debt restructure
Malaysian budget airline AirAsia X announced it has completed its debt restructuring and aims to write nearly $7.86…
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 reduced its annual losses in 2021, but the tougher Omicron restrictions have made for a tough…
flydubai records $229 million profit in 2021, hints at fleet expansion
flydubai announced its annual results for the financial year 2021, reporting a $229 million profit as the industry continues…
Lufthansa tackles new Ukraine challenges amidst pandemic recovery
The crisis in Ukraine is a further challenge for Lufthansa (LHAB) (LHA), after a tough two years dealing…
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. In its latest…
Etihad reduces losses, prepares for A350 start in Q2 2022
Etihad Airways reduced its losses in 2021, helped by its best-ever year for cargo, and said it expects…