Emirates refunded customers more than $1 billion since March 2020
Emirates has processed more than 1.4 million refund requests and returned more than $1.36 billion since March 2020.The…
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Aviation Economics & Finance
1062 articles
Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Qatar Airways delays Airbus deliveries, still talking with Boeing
Qatar Airways reached an agreement with Airbus to defer deliveries of the airplanes it has on order. Meanwhile,…
China’s domestic flights nearly recovered, US remains 45% down
An air traffic assessment released by EUROCONTROL revealed staggering differences in domestic flight recovery throughout different continents. The…
JetMS: We are seeing a strong recovery in business aviation
During the peak of the COVID-19 pandemic, aviation’s future seemed bleak. While airlines are still not operating at…
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…
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…