Wizz Air expects return to profit after Q1 hit by disruption and high fuel costs
Wizz Air was hit by disruption, the war in Ukraine and high fuel costs in the first quarter…
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financial results
183 articles
Stay informed about financial results in the aviation industry. Explore articles and news about the financial outcomes, profitability, and any updates.
Heathrow says capacity cut to stay until airlines hire more ground staff
London’s Heathrow airport has urged airlines to recruit and train more ground handlers, saying a cap on flights…
Travel disruption costs easyJet $136M in first part of summer 2022
easyJet said ongoing travel disruption due to staff shortages across the aviation industry has cost it £133 million…
IATA gives brighter financial outlook for the airline industry
Industry association IATA has given a brighter outlook for airlines in terms of profitability for 2022, predicting losses…
Qatar Airways returns to profit helped by increasing traffic and cargo
Qatar Airways returned to profit in its last financial year, taking a greater share of the market for…
Wizz Air sees record summer but first-quarter losses amidst industry disruption
Wizz Air is expecting record traffic in summer 2022, but has cautioned that ATC disruption, airport staffing challenges…
Improved demand helps AirAsia Aviation Group to raise Q1 revenue
AirAsia Aviation Group (AAAGL), a subsidiary of Capital A (formerly known as AirAsia Group), reported its financial results…
AerCap writes off $2.7 billion for jets and engines stuck in Russia
Leasing company AerCap has written off $2.7 billion of assets linked to the Ukraine conflict, mainly comprising aircraft…
Emirates posts $1 billion annual loss, bets on profitability in FY2022-23
Emirates, the government-owned carrier of the United Arab Emirates, published its annual financial results for FY2021-22, in which…
Norwegian Air posts $102 million loss in Q1, cites ‘seasonally weak’ quarter
Norwegian Air has posted a $102 million (NOK 1,031 million) loss for the first quarter of 2022. The…
Cathay eyes more flights, lower cash burn thanks to easing restrictions
Cathay Pacific says easing travel restrictions in Hong Kong are allowing it to add more flights and destinations,…
Aeroflot says it will not publish first quarter financial results
Russian flag carrier Aeroflot has announced that it will not publish financial results for the first quarter of…
Lufthansa: Bookings are back, but summer will be a challenge for the industry
Lufthansa’s (LHAB) (LHA) chief executive doesn’t believe the aviation industry’s staffing problems will be solved in time for…
Air France-KLM eyes profitable summer as premium demand returns
Air France-KLM is expecting a strong summer after reporting better than expected results for the first quarter. The Franco-Dutch…
Embraer narrows net loss in first quarter 2022
Brazilian aerospace manufacturer Embraer has released its financial results for the first quarter of 2022, revealing a smaller…
American Airlines expects Dreamliner deliveries only after the summer season
American Airlines (A1G) (AAL) has once again lowered its expectations for Boeing 787 Dreamliner deliveries in 2022. The…
Air Tanzania almost halves its operating losses, Auditor General reveals
A report detailing the performance of Air Tanzania Company (ATCL) during the fiscal year 2020/21, has revealed that…
Delta Airline sees return to profit as travel demand reaches “historic high”
Delta Air Lines reported a pre-tax loss of $1.2 billion in the first quarter of 2022 but expects…