Pijus Jauniskis

Brazil proposes a $376 million injection to Azul Airlines

Azul Airlines, a Brazil-based carrier, received an injection proposal from the Brazilian government that could dilute its stock by up to 15%....


Pijus Jauniskis

Virgin Australia’s creditors approve purchase terms by Bain

Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....


Pijus Jauniskis

Azul showcases $186 million cash increase amid losses

Brazilian airline Azul revealed a net increase in cash during Q2 FY2021 while avoiding any new loans....


Pijus Jauniskis

Lufthansa Group to cut 25% of workforce, 14 A380s to follow

Lufthansa Group reported a huge Q2 2020 loss and confirmed that it will cut 22,000 jobs from the group, including 14 Airbus A380 aircraft that will be permanently retired....


Pijus Jauniskis

Embraer pushes back E175-E2 introduction to 2023

In a financial statement released on August 5, 2020, Embraer reported second-quarter losses and a steep drop in revenue, yet the company indicates that it remains in “a stable overall position.” However, the introduction of the E175-E2 was delayed due to the current situation in the market....


Pijus Jauniskis

Singapore Airlines Group loses $1B, expects rapid recovery

Singapore Airlines (SIA) Group (SIAG) can be officially chalked off with the rest of the airlines worldwide after taking heavy losses in Q1 2020 of $1.1 billion....


Pijus Jauniskis

Downhill journey: United Airlines report record losses of $1.6B

On July 21, 2020, United Airlines announced the most difficult financial quarter in the company’s 94-year history with a Q2 net loss of $1.6 billion.  ...


AeroTime Team

Pandemics & aviation: is time for new standards?

Aviation is regularly affected by global pandemics outbreaks and is, in fact, one of the first industries to feel their impact. While COVID-19 impact is by far the greatest, previous outbreaks of the past, such as Swine flu ten years prior, had also had their fair share of impact on aviation.  Is it time to adjust accounting standards to these realities, asked Gediminas Ziemelis, chairman of Avia Solutions group at the opening of AIR Convent...


AeroTime Team

IndiGo reports largest quarterly loss: trouble with A320

IndiGo, India’s largest airline by market share, has just reported a multimillion quarterly loss. The disconcerting financial results are attributed to three key factors, including spikes maintenance costs. While the airline’s Airbus A320ceo engines are to remain a burden for its finance sheets, the rescue by the A320neo is also not yet in sight, as the carrier’s management anticipates delivery delays.   ...


United Technologies reports $2.5B profit in 2Q 2019
AeroTime Team

United Technologies reports $2.5B profit in 2Q 2019

United Technologies reports $2.5 billion operating profit in the second quarter of 2019, and $4.6 billion for the first half of the year. The strong performance was partially helped by the ongoing Boeing 737 MAX global fleet grounding. ...