Losses narrow for Rex in FY2021, but forecasts challenging headwinds
Australia’s Regional Express Airlines, better known as Rex, reported an annual before-tax loss of AUD 18.4 million ($13.5…
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.
Philippine Airlines returns planes and defers new aircraft deliveries
The Philippines’ national flag carrier, Philippine Airlines, has posted a net loss of 16.6 Billion Pesos ($330.9 million)…
Second Covid wave hurts SpiceJet results
Indian low-cost carrier SpiceJet reported a wider loss of $106 million in the first-quarter of its 2021 financial…
Australian Alliance Airlines boasts record profit
Australian airline Alliance Airlines reported a record profit for FY 2021.Company’s statutory profit before tax is $48.3 million,…
Etihad reports recovery upswing in Q2 2021
Etihad Airways announced its Q2 financial results on 10 August 2021, with an operating loss of $400 million,…
BA and Iberia Airlines owner IAG suffers a $2.4 billion loss
International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines, narrowed their net loss in…
JAL posts improved Q1 results but recovery remains dimmed
On August 3, 2021, Japan Airlines (JAL) posted its financial results for the first quarter of 2021. Despite…
SpiceJet lost $34M in Q4 FY 2021, to raise $0.3M capital
Indian low-cost carrier SpiceJet reduced quarterly loss by two-thirds to $34 million in FY 2021 and is going…
IndiGo continues to suffer losses amid the ongoing crisis
The largest Indian low-cost air carrier IndiGo announced its annual financial results, reporting continued losses amid the ongoing…
SIA posts a record net loss, remains ‘uncertain’ about recovery
On May 19, 2021, Singapore Airlines (SIA1) (SINGY) published its financial results for the fiscal year of 2020/21,…
Ryanair optimistic despite huge annual loss reaching over €1 billion
Ryanair reports an €815 million net loss excluding exceptional items in the last fiscal year, which ended on…
Korean Air swings into profit for 4th consecutive quarter
While most of the airlines are still counting losses amid the ongoing pandemic, the Seoul-based carrier Korean Air…
Japan Airlines reports a net loss of $2.9bn amid pandemic
On May 7, 2021, Japan Airlines published its financial results for the fiscal year of 2020, reporting a…
Bombardier reports increased revenues for Q1 2021
The Montréal-based manufacturer Bombardier said it expected a turnover of $1.3 billion, an 18% year-on-year increase, as it…
Virgin Atlantic eyes transatlantic service return, posts £659 million loss
On April 30, 2021, British air carrier Virgin Atlantic released its annual financial results for the year of…
Airbus turns profitable after good delivery performance
On April 29, 2021, the European aircraft manufacturer Airbus announced that it turned profitable during the first quarter…
Boeing reports improved finances in Q1, blames loss on 787
Boeing reports a $0.561 billion loss and a 10% fall in revenue for the first quarter of 2021,…
Finnair hopes for “gradual recovery” in late summer 2021
On April 27, 2021, Finnair said that it saw travel demand “gradually” recovering from the setbacks of the…