SAS, hit by strikes and Chapter 11, prepares to recruit staff for summer 2023
SAS is preparing to take on substantially more staff for summer 2023, expecting an increase in demand. Many airlines…
Browsing Tag
financial results
184 articles
Stay informed about financial results in the aviation industry. Explore articles and news about the financial outcomes, profitability, and any updates.
Despite another loss, Qantas eyes a new route and A330 replacements
Australian flag carrier Qantas has racked up cumulative losses of almost AUD7 billion ($4.8 billion) from the pandemic…
KQ cuts half-year losses, posts record cargo performance
Kenya Airways (KQ) has cut its losses by 31.5% in the half-year financial results with the airline posting…
Air New Zealand eyes first year of uninterrupted passenger flying since pandemic
Air New Zealand declared it is in the ‘revive’ phase following the COVID-19 pandemic, with booking levels high…
AirAsia X prepares to reactivate its fleet and network after pandemic
AirAsia X is continuing to rebuild its network after the COVID-19 downturn, planning to commence new long-haul flights…
BOC Aviation writes down $804 million for 17 jets stranded in Russia
Singapore-based aircraft leasing company BOC Aviation reported a net loss after tax of $313 million for the first…
Auckland Airport pushes revamp of aging domestic terminal amid COVID-19 recovery
Auckland Airport (AKL) in New Zealand is planning to revamp its aging domestic terminal, which will improve operations,…
Turkish Airlines posts $737 million net income for H1 2022
Turkish Airlines reported a net income of $737 million in the first half of 2022 with revenues in…
LATAM obtains US Court approval for reorganization plan, secures exit financing
LATAM Group announced that its total operating revenues reached $2.23 billion in the second quarter of the year.…
TUI to pursue compensation from airports for disruptions caused by travel chaos
TUI Group has revealed an underlying loss before interest and taxes of $43.53 million (€42.5 million) for the…
Cathay Pacific narrows H1 loss despite severe restrictions
Hong Kong’s flag carrier Cathay Pacific has narrowed its half-year loss despite being among the worst hit worldwide…
Cargo demand helps Korean Air increase Q2 operating profit
Air cargo demand and a gradual rebound in passenger traffic has helped Korean Air increase its operating profit…
Private jets help Embraer post highest order backlog since pandemic
Embraer reported its highest order backlog since the start of the pandemic, with the market for private jets…
Lufthansa posts Q2 profit despite geopolitical uncertainty in Europe
Germany’s national carrier Lufthansa (LHAB) (LHA) recorded an operating profit in Q2 for the first time since the…
Engine maker Rolls-Royce reuses spare parts amidst supply chain crunch
British engine maker Rolls-Royce is repairing and reusing spare parts in light of supply chain issues that are…
ANA shows signs of recovery after returning to profit
All Nippon Airways (ANA) has returned to profitability for the first time since the beginning of the COVID-19…
Cost containment and travel demand help Etihad return to profitability
Etihad has returned to profitability in the first six months of 2022 after six years of accumulating multi-billion-dollar…
Air Force One to drone tankers: Boeing’s defense program hit with cost overruns
Boeing’s latest quarterly report has revealed significant losses in the company’s Defense sector, primarily due to fixed price…