Finance

Finnair losses continue with Asia shut to international travel

Finnair expects Asia markets will mostly stay closed until 2022, hurting its financial results  ...


American Airlines bullish on demand even after Delta variant hits Q3 recovery

American Airlines is confident about travel demand, even after the spread of the Delta variant pushed the airline into a loss for the third quarter...


Airline industry net losses to top $200 billion during pandemic

The airline industry is set to rack up net losses of over $200 billion as a result of the COVID-19 pandemic, IATA estimates....


Lufthansa Group to raise $2.5B in share sale to repay government loan

 Lufthansa is selling $2.5 billion of new shares to repay German government loans received during the pandemic...


LATAM prepares for reorganization, eyes profitability

LATAM group releases a five-year business plan with promises to exit financing soon and return to profitability by 2024....


Second Covid wave hurts SpiceJet results

SpiceJet reported a loss of $106 million in their latest Q1 financial report....


American proceeds with 19,000 furloughs, asks for PSP extension

American Airlines said it will proceed with its plan to furlough 19,000 employees but will stop the process if the U.S. government extends COVID-19 relief aid....


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%....


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....


EVA Air’s new Dreamliners lose appeal against cargo and 777Fs

Evergreen Airways (EVA Air), a Taiwan based airline and a member of Star Alliance, has reportedly reached an agreement with Boeing to change seven 787-10 on-order Dreamliners to three 777F cargo and four 787-9 aircraft....