Browsing Tag
loss
15 articles
Learn about the financial losses in the aviation sector and their impacts on airlines and airports.
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…
easyJet posts $691M loss, bets on strong summer season
easyJet has published its financial results for the first half of 2022, reporting a loss of more than…
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…
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…
TAP Air Portugal posts $1.74 billion loss in 2021
TAP Air Portugal recorded a $1.74 billion annual loss in 2021, the airline’s chief executive announced at a…
Finnair losses continue with Asia shut to international travel
Finnair is suffering as travel restrictions continue to affect its main long-haul markets in Asia, leaving the carrier…
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…
Ryanair CEO blames delay in easing restrictions for €273 M loss
Even though the Irish low-cost carrier Ryanair has seen promising signs of recovery in terms of passenger demand…
On a verge of bankruptcy, Vietnam Airlines aims to raise $345M
Vietnam Airlines, Vietnam’s flag carrier which came into the public spotlight when the local media revealed it was…
Cathay Pacific warns about “significantly higher” loss in H2
Hong Kong flag-carrier Cathay Pacific counts higher second-half loss than its record loss in first-half of 2020, as…
EasyJet records first massive loss in 25-years operating history
EasyJet, a British low-cost airline, suffered the first loss in its 25-years of operating history. The airline reported…
American Airlines posts $2.4 billion net loss, cuts cash burn
American Airlines Group, the holding company of American Airlines (A1G) (AAL) (AA), announced a $2.4 billion loss in…
IAG reports €1.3 billion loss, continues to cut capacity
International Consolidated Airlines Group (IAG), a holding company of British Airways (BA), reported preliminary financial results for the…
AirAsia seeks $602 million cash injection
AirAsia Group announced that it was seeking to raise $602 million by the end of 2020, after suffering…
Air New Zealand suffers first loss since 2002
Air New Zealand has reported its first annual loss since 2002. The air carrier declared a pretax loss…