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...


Qatar Airways reveals heavy cost of embargo but sheds no tears

Qatar Airways' latest manifest of defiance – revealing the large cost of the blockade on its annual earnings and how the company manages to alleviate the financial toll....