Cathay Pacific buries “meaningful recovery” prospect for long
After facing the consequences of social unrest in the city of Hong Kong, Cathay Pacific took the full…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Air Arabia’s 2020 loses reach $46 million
Air Arabia said it witnessed the full impact of the global COVID-19 pandemics within the past three months,…
B747-400F nose-loader liveried and operational on Magma Aviation
AviaAM Leasing, part of the Avia Solutions Group, has announced the purchase of a Boeing 747-400F nose-loader aircraft…
ALC: almost 60% of airlines got lease payment deferrals
Air Lease Corporation (ALC), a United States-based aircraft leasing company indicated that it granted 59% of its customers’…
How Korean Air used pandemic to generate profit
Korean Air, the flag carrier of South Korea, became the first airline to disclose that it managed to…
$25 billion aid package for US airlines moves forward
A group of United States Republican senators have backed the extension of payroll assistance program that would see…
Marginal profit drop for lessor Dubai Aerospace
Dubai Aerospace (DAE), a Dubai, United Arab Emirates-based aircraft lessor announced a marginal drop in profit, despite the…
Virgin Atlantic files for asset protection in the United States
Virgin Atlantic has filed for bankruptcy protection concerning its activities in the United States while it is still…
Woes for Boeing continue, as ALAFCO cuts 737 MAX order
After filing a $336 million lawsuit against Boeing, ALAFCO had reached a mutual agreement with the U.S.…
KLM announces 5,000 layoffs as losses soar
AirFrance-KLM declared a total of 10,000 employees are to become redundant as the group looks to minimize its…
Singapore Airlines Group loses $1B, expects rapid recovery
Singapore Airlines (SIA1) (SINGY) (SIA) Group (SIAG) can be officially chalked off with the rest of the airlines…
Airbus posts $2.2 billion net loss in H1, deliveries cut in half
Airbus reported a $1.9 billion loss for the second quarter of 2020, as the manufacturer announced it slowed…
Boeing reports $2.4 billion net loss, postpones 777X to 2022
Boeing reported a $2.4 billion loss for the second quarter of 2020. The manufacturer announced it would slow…
Wizz Air expands as Q1 reports near negligible losses
Wizz Air’s Q1 FY2021, financial results revealed a $127 million (€108 million) statutory net loss, exceedingly low in…
Air travel industry bailouts totaling $42b backed in US Congress
The United States House signed a letter backing a six-month extension of a $32 billion payroll aid program for…
IAG looks to save $704 million on Air Europa deal
International Airlines Group (IAG), parent to Aer Lingus, British Airways, Iberia, and others, is reportedly negotiating to acquire…
Hong Kong government adds to Cathay Pacific troubles
As Cathay Pacific Airways is trying to preserve cash by delaying some aircraft deliveries, a new health policy…
Downhill journey: United Airlines report record losses of $1.6B
Dark times continue for aviation companies as they find themselves under the heavy financial barrage from the…