airBaltic half-year losses balloon despite record start to 2020
airBaltic, despite a record-breaking start of the year, saw its losses balloon due to the impact of COVID-19…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Virgin Atlantic secures funds to avoid collapse in September
After Virgin Atlantic warned that it might run out of money in September and collapse, its fortunes were…
easyJet to close three British bases
The British low-cost carrier easyJet will close its bases in London-Stansted, London-Southend, and Newcastle from September 2020. Several…
Azul showcases $186 million cash increase amid losses
Brazilian airline Azul (AZUL) revealed a net increase in cash during Q2 FY2021 while avoiding any new loans.The…
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…
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…