Thai Airways CEO resigns after rehabilitation plan approved
Thai Airways announced that its acting Chief Executive Officer Chansin Treenuchagron had resigned. Suvadhana Sibunruang, currently the Chief…
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Aviation Economics & Finance
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Court approves Thai Airways rehabilitation plan: what’s next?
The Central Bankruptcy Court of Thailand gave the final go-ahead for Thai Airways’ rehabilitation plan. The final nod…
Swiss Airlines to downsize fleet by 15 aircraft
Faced with “a lasting 20% decline in customer demand in the medium term” due to the COVID-19 pandemic,…
Stobart Air enters liquidation after potential buyout fails
Stobart Air entered a liquidation process, the airline announced on June 12, 2021, citing the “continuing impact of…
Cathay Pacific gets drawdown extension of $1bn loan facility
On June 8, 2021, Hong Kong flag carrier Cathay Pacific announced that the Hong Kong government agreed to…
IndiGo continues to suffer losses amid the ongoing crisis
The largest Indian low-cost air carrier IndiGo announced its annual financial results, reporting continued losses amid the ongoing…
Wizz Air reports €576 million loss in 2020, expects more
Wizz Air suffered losses during the fiscal year 2021 that spanned between March 31, 2020, and April 1,…
SIA posts a record net loss, remains ‘uncertain’ about recovery
On May 19, 2021, Singapore Airlines (SIA1) (SINGY) published its financial results for the fiscal year of 2020/21,…
Japan Airlines reports a net loss of $2.9bn amid pandemic
On May 7, 2021, Japan Airlines published its financial results for the fiscal year of 2020, reporting a…
Etihad Airways’ struggles: Has ME3 turned into ME2? | Data
The Big Three Middle Eastern airlines are synonymous with luxury and status: a feature that allows them to…
Bombardier reports increased revenues for Q1 2021
The Montréal-based manufacturer Bombardier said it expected a turnover of $1.3 billion, an 18% year-on-year increase, as it…
Transat to receive up to $570 million financial aid from Canada
Transat reached an agreement with the Canadian authorities which will provide it with up to $570 million (CA$700…
Virgin Atlantic eyes transatlantic service return, posts £659 million loss
On April 30, 2021, British air carrier Virgin Atlantic released its annual financial results for the year of…
Boeing reports improved finances in Q1, blames loss on 787
Boeing reports a $0.561 billion loss and a 10% fall in revenue for the first quarter of 2021,…
Romania’s national carrier TAROM to cut its fleet by half
The Romanian national carrier TAROM has put up for sale 14 of the 29 aircraft in its fleet,…
SmartLynx focuses on growth in Germany
SmartLynx Airlines will be operating full charters for TUI Deutschland and Involatus. From summer 2021, it will fly…
Korean Air to end Q1 2021 with operating profit
While most airlines are still counting losses, the biggest South Korean air carrier Korean Air is expected to…
Etihad Airways pushes air travel recovery hopes to 2024
Etihad Airways hopes the air travel demand will recover only by 2023, but a significant rise will already…