Cargo boom drives record annual profit for Korean Air
Bucking the COVID-19 gloom, Korean Air has reported record annual and quarterly profits, driven by its cargo operations. Korean…
financial results
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Stay informed about financial results in the aviation industry. Explore articles and news about the financial outcomes, profitability, and any updates.
easyJet predicts strong summer after easing UK travel restrictions
Budget airline easyJet is confident for strong leisure demand in summer 2022, with easing travel restrictions in the…
Boeing reduces losses, sees slow recovery in 2021
Boeing lost $4 billion but increased revenue to $62 billion in 2021, the company’s yearly report indicates. That is…
Wizz Air says Omicron has dented recovery, but optimistic for spring and summer
Wizz Air says the Omicron variant of COVID-19 has dented its recovery plans, with travel demand over the…
American Airlines posts yearly loss, focuses on profitability in 2022
American Airlines (A1G) (AAL) has reported a yearly loss of $2 billion citing the industry’s struggle to recover from the ongoing COVID-19 pandemic. Following a year of uncertainty, the airline…
Delta sees recovery picking up pace from end of February after Omicron delay
Delta Air Lines said it was looking forward to a strong spring and summer travel season, even though…
No Christmas cheer for Ryanair as Omicron prompts profit warning, flight cuts
Europe’s largest low-cost carrier, Ryanair, is feeling the effects of the Omicron variant of the COVID-19 virus, issuing…
Indonesia AirAsia narrows losses but remains uncertain about recovery
The subsidiary of AirAsia Group, Indonesia AirAsia (IAA), narrowed its net loss during the first nine months of 2021. However, the low-cost…
SAS says Q4 boosted by corporate travel pick-up, leisure demand
Scandinavian carrier SAS said its fourth quarter was the strongest since before the pandemic, driven by a pick-up…
easyJet eyes summer 2022 growth even as Omicron variant emerges
easyJet expects a return to pre-pandemic levels of capacity for summer 2022, and says it is ready to…
Garuda Indonesia uncertain about future, plunges deeper into the red
Indonesia’s flag carrier, Garuda Indonesia, widened its net loss during the first nine months of 2021, citing liquidity pressures and “uncertainties about the Group’s…
Cost control helps AirAsia Group to narrow Q3 loss
AirAsia Group narrowed its losses during the third quarter of 2021. The results were attributed to cost control…
Cathay Pacific eyes cargo to boost results, restrictions hurt passenger traffic
Cathay Pacific’s passenger numbers were just 3% of pre-pandemic levels in October 2021, the Hong Kong-based carrier revealed.Cathay…
Thai Airways reports profit for the first nine months of 2021
Thai Airways reported a net profit in the first nine months of 2021. The positive financial outcome was…
Will SpiceJet’s 737 MAX be back in the skies before the end of 2021?
SpiceJet expects to start flying the Boeing 737 MAX “soon”, it said, after reporting financial results for its…
Azul posts third-quarter profit, first since the COVID-19 pandemic
Brazilian carrier Azul (AZUL) generated an operating profit for the first time since the start of the COVID-19…
Solid cargo demand helps Korean Air to post Q3 profit
South Korea’s flag carrier, Korean Air, reported a net profit in the third quarter of 2021. The positive…
Singapore Airlines narrows losses on returning passengers, record cargo revenue
Singapore Airlines (SIA1) (SINGY) reduced its net loss in the first half and said it expects to operate…