Financial Results

Korean Air to end Q1 2021 with operating profit

Korean Air is expected to end the first quarter of 2021 with an operating profit....


British Airways owner IAG suffers biggest loss in its history

British Airways owner IAG plunged to the biggest revenue loss in its history....


Safran maintains profit in 2020 despite pandemic

Safran reported a net profit of €352 million in 2020, despite a 33% drop in turnover due to the crisis in the aviation sector....


Air France-KLM warns of ‘challenging’ Q1, posts €7.1B net loss

Air France-KLM posted a net loss of €7.1 billion in 2020....


Asiana Airlines narrows losses due to cargo business growth

Asiana Airlines said that it narrowed its losses in 2020 due to cargo business growth....


American Airlines posts $8.9 billion loss in challenging 2020

American Airlines reported a net loss of $8.9 billion amid the global pandemic...


Southwest Airlines reports first annual loss in 48 years

Southwest Airlines reported its first annual loss of $3.1 billion since 1972....


Wizz Air expects 2021 to be “transition year out of crisis”

Despite a €116 million loss in Q3 FY2020, Wizz Air expects 2021 to be a transition year out of the Covid-19 crisis....


Boeing reports huge quarterly loss, 777X launch delayed to late 2023

Boeing posted a net loss of $8.42 billion in the fourth quarter of 2020, hit by several charges including one of $6.5 billion for the 777X program delay...


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....