Financial Report

Korean Air ends year with $213 million operating profit

Korean Air ended 2020 with $213 million operating profit....


Cold winter ahead: SAS reports record loss of $1.2 billion

SAS is ending the year with a historical annual loss of $1.2 billion and is preparing for more financial trouble in 2021. ...


After third straight quarterly loss Air Canada cuts flights

Air Canada reported a loss of $526 million in its third-quarter financial results. Plans to reduce costs include staff layoffs, flight cuts and cancelations of aircraft deliveries....


Qantas reports “devastating” financial year due to A380 write-off

FY2020 was devastating for Qantas Group, whose financial results attribute more than half of its almost $2 billion statutory loss to the depreciation of aircraft value....


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....


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....


Air Canada blames government for massive losses

As the Canadian flag carrier Air Canada announced a massive loss for its second quarter of 2020, it pointed fingers at its own government, blaming it for the lackluster demand....


Finnair reports €172 million loss in Q2

On July 24, Finnair had published their half year financial statement, reporting €172 million in losses for their second quarter of 2020....


Air New Zealand to report US$77.2 million loss for FY2020

New Zealand’s flag carrier Air New Zealand has come out and warned investors of a possible loss amounting to NZ$120 million (US$77.2 million) for the financial year of 2020 ending on June 30, 2020.The...


Over €5bn in compensations are not disclosed on financial reports

Over €5bn in compensations are not disclosed on major European airlines' financial reports. Every year, with the end of the financial year approaching, airlines, just like all business, are consolid...