Costs

KLM Royal Dutch Airlines implements strategic cost-cutting measures to enhance financial stability and address industry challenges.

The second quarter of 2022 brought with it all the murkiness and uncertainty that have become standard in the airline industry since March 2020. The three-month period from April to June was headlined by JetBlue Airways and Frontier Airlines staging a public battle to purchase Miramar, Fla.-based Spirit Airlines, which after months of higher bids and […]

Amidst COVID-19 and its effects on many industries in the economy during this time period, around the world, the aviation industry has been one of the top sectors that are deeply affected by the global pandemic. Many major U.S. airlines are attempting to rebound, through modified cleaning procedures, more flexible fare policies and seat distancing […]

Norwegian’s troubled financial situation is no news; as its rapid transatlantic expansion that set pace for an increasingly dynamic and cost-driven market between North America and Europe is passing the bill with fierce competition, volatile fuel prices and underestimating demand, making its current business structure unsustainable. In an attempt of raising capital that would help […]

Dubai-based Emirates announced that its half-year profits suffered an 86 percent drop on Thursday. The news comes after the carrier, one of the largest in the Middle East, was hit by sudden hikes in oil prices. With fuel costs making up a third of the airline’s expenses and rising by 42 percent, the carrier saw […]

European regional airline Flybe took a beating recently over a revised revenue forecast worth 40 percent of the company’s value in trading on Wednesday. The airline expects a drop in revenues over the next six months due to falling consumer demand. This worsens the airline’s expected losses for the year to over $25 million, which […]