Browsing Tag
loss
16 articles
Learn about the financial losses in the aviation sector and their impacts on airlines and airports.
United Airlines claims to have lost $2B since eliminating change fees in 2020
$2 billion – that’s how much United Airlines claims to have lost since permanently eliminating ticket change fees…
2024-02-08
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…
2022-08-10
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…
2022-05-19
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…
2022-05-13
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…
2022-04-14
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…
2022-04-12
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…
2021-10-26
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…
2021-08-04
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…
2021-07-26
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…
2021-06-28
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…
2020-12-16
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…
2020-11-17
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…
2020-10-23
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…
2020-10-22
AirAsia seeks $602 million cash injection
AirAsia Group announced that it was seeking to raise $602 million by the end of 2020, after suffering…
2020-10-22
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…
2020-10-22