Fort Worth, Texas-based American Airlines reported earnings for the third quarter on Thursday morning, announcing a net loss of $2.4 billion on the back of $3.17 billion in revenue, a 73% revenue decrease from the same period in 2019. The company's stock dropped in early trading on Monday as the airline also said it would look to raise even more money through another round of equity funding. The company said that it operated a total of 41% of its usual…
United Airlines on Wednesday became the second major U.S. carrier to report its third-quarter earnings, missing Wall Street's expectations with a net loss of $1.8 billion on the back of $2.49 billion in revenue for the period ending Sept. 30. The airline maintained a veil of optimism, however, as it…
Atlanta-based Delta Air Lines reported a nearly $5.4 billion net — after-tax —loss in the third quarter on Tuesday morning as the airline became the first major U.S. carrier to release figures for the period. This came even as the airline has continued to work to lower cash burn and…
Atlanta-based Delta Air Lines will operate its final Boeing 777 flight on Oct. 31, the carrier confirmed to AirlineGeeks. After announcing earlier this year that it would retire all of its 777s by the end of 2020, the date is now official. Two flights have been put on the schedule…
American Airlines has changed its transcontinental flight schedules to remove the Airbus A321 Transcontinental aircraft — known inside the airline as the A321T — from its flagship route from Los Angeles International Airport to New York's John F. Kennedy International Airport for some of its November flight schedule. Originally reported…
The final two of the U.S.'s four largest airlines to report second quarter earnings released their figures before market open on Thursday. Fort Worth, Texas-based American Airlines announced a $2.1 billion net loss on the back of $1.6 billion in revenue. Southwest Airlines, headquartered at Love Field Airport in neighboring…
Chicago-based United Airlines released its second quarter earnings report on Tuesday afternoon, announcing a $1.6 billion net loss on approximately $1.5 billion in revenue. The revenue figure, which comes on the back of an 87.8% drop in total capacity, is 87.1% less than revenue in the second quarter of 2019.…
Delta Air Lines this morning became the first U.S. airline to report second-quarter earnings. After a full three months full of depressed traffic and drastic cost-cutting measures coming on the heels of huge industry fallout stemming from the COVID-19 pandemic, the airline reported a loss of $7 billion on revenue…
Over the course of the past few months, airlines have taken a number of different measures to do their part to curb the spread of COVID-19. Most have mandated that passengers wear masks onboard. Some have scaled back their food and beverage services, as well as cut back their amenities…
A couple of weeks ago, I was perusing the latest aviation news from around the internet. I was looking specifically at what I could find surrounding the Department of Transportation (DOT). And I stumbled across an article about Avatar Airlines. It's a name that rang a bell but didn't, of…
