Economy

HK travel restrictions likely to dampen economic growth, analyst group warns

Financial market analyst Fitch Ratings has warned that Hong Kong travel restrictions are likely to dampen the nation’s economic growth.  ...


Delta Air Line anticipates profitability in 2022

Delta Air Lines anticipates that 2022 will be a profitable year, as it expects business and international air travel recovery to gain momentum....


Air cargo demand still above pre-pandemic levels in August 2021

Air cargo demand remained strong in August, though growth in capacity dropped for the first time since January 2021...


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:...