Economy

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....


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 Air Europa, owned by Globalia, for half its original price ($1.17B)....


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.  ...


An increasing debt that won't be sustainable for a long time

Three months after the lockdown was announced all over the world, what is the current situation of civil aviation?Several companies - gradually - restart their commercial routes, choosing among the mo...


Airlines explore alternative business as planes stay grounded

For most airlines, cutting expenses is the first order of business. For others, it is a challenge to find new resourceful ways to fatten the profits amid the global economic crisis....


Why is your flight ticket so expensive?

Have you ever wondered why is your flight ticket so expensive? Well, do not worry as we have the answer to your question! There are multiple factors that go into the price of the flight. Read more:...