Loss

BA and Iberia Airlines owner IAG suffers a $2.4 billion loss

IAG, the owner of British Airways and Iberia Airlines, reported a whopping $2.4 billion loss on July 30, 2021....


Ryanair CEO blames delay in easing restrictions for €273 M loss

Despite having carried 8.1 million passengers in Q1 2021, Ryanair reported a €273 million (£234 million) net loss.  ...


On a verge of bankruptcy, Vietnam Airlines aims to raise $345M

While balancing on a verge of bankruptcy, Vietnam Airlines plans to present a capital boosting plan and raise around $347.8 million (VND8 trillion).  ...


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 it still struggles to recover from COVID-19 pandemic....


EasyJet records first massive loss in 25-years operating history

EasyJet faced a pre-tax loss of €1.4 billion ‒ the airline’s first loss in 25-years of operating history....


American Airlines posts $2.4 billion net loss, cuts cash burn

American Airlines Group, the holding company of American Airlines (AA), announced a $2.4 billion loss in Q3 2020, compared to a $425 million profit it made in 2019....


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 third quarter of 2020. The company counted that due to the COVID-19 related travel restrictions it would suffer a €1.3 billion loss in the third quarter of 2020. IAG announced it was forced to complete further cuts of British Airways capacity....


AirAsia seeks $602 million cash injection

AirAsia Group announced that it was seeking to raise $602 million by the end of 2020, after suffering a painful loss as COVID-19 bite.  ...


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 of €48.8 million (NZ$87 million). The airline expects to record a loss in 2021 as well....