Southwest cuts schedules, boosts pay to deal with Omicron, staffing issues
Southwest Airlines (LUV) is feeling the pain from the Omicron variant of COVID-19 and staffing issues. The US…
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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.
JetBlue predicts “very strong” summer after Omicron dip
US airline JetBlue (JBLU) is expecting to return to profitability in the spring and is looking forward to…
Cargo boom drives record annual profit for Korean Air
Bucking the COVID-19 gloom, Korean Air has reported record annual and quarterly profits, driven by its cargo operations. Korean…
easyJet predicts strong summer after easing UK travel restrictions
Budget airline easyJet is confident for strong leisure demand in summer 2022, with easing travel restrictions in the…
Boeing reduces losses, sees slow recovery in 2021
Boeing lost $4 billion but increased revenue to $62 billion in 2021, the company’s yearly report indicates. That is…
Wizz Air says Omicron has dented recovery, but optimistic for spring and summer
Wizz Air says the Omicron variant of COVID-19 has dented its recovery plans, with travel demand over the…
American Airlines posts yearly loss, focuses on profitability in 2022
American Airlines (A1G) (AAL) has reported a yearly loss of $2 billion citing the industry’s struggle to recover from the ongoing COVID-19 pandemic. Following a year of uncertainty, the airline…
Delta sees recovery picking up pace from end of February after Omicron delay
Delta Air Lines said it was looking forward to a strong spring and summer travel season, even though…
Singapore Airlines raises $600 million through bond issue
Singapore Airlines (SIA1) (SINGY) has raised $600 million via its second US dollar bond issue and has strengthened liquidity as the Omicron variant continues…
US start-up airline Avelo raises $42 million in Series B funding
US-based start-up carrier Avelo Airlines has raised an additional $42 million in Series B funding, increasing its total capital base to over $160 million. In…
Philippine Airlines emerges from Chapter 11 proceedings
Philippine Airlines (PAL) has exited Chapter 11 proceedings after less than four months following a deal to cut its debt by over $2 billion. The flag carrier’s financial recovery plan was approved by the…
Austrian Airlines repays another $34M from COVID-19 state loan
Austrian Airlines will repay another €30 million ($34 million) in state loans received during the COVID-19 pandemic, the carrier announced…
What’s next for aviation leasing? AeroTime talks to AviaAM CEO Tadas Goberis
As we mark Global Leasing Day, we invited Tadas Goberis, AviaAM Leasing chief executive officer, to the AeroTime…
Etihad Airways sells aviation support businesses to focus on airline operations
Etihad Airways is selling some of its airline support services businesses in order to focus fully on its…
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…
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…