Singapore’s-national carrier, Singapore Airlines, announced significant losses during the company's second-quarter financial results. On July 29, the airline announced that the second quarter, which ended on June 30 and was the first of the carrier's 2020 fiscal year, resulted in a 1.123 billion Singapore dollar ($816 million) loss. These losses come on the back of a 99.6% drop in passengers due to the COVID-19 pandemic. The net loss for the first quarter is a significant shift from the carrier’s results…
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…
The Emirates Group — the Dubai, United Arab Emirates-based, state-owned international aviation company — released 2019-2020 financial results on May 10. According to the annual report released Sunday, which covers the period from April 1, 2019, to March 31, the group reported a profit of $456 million, which is a…
SkyWest Airlines — the St. George, Utah-based regional airline that operates flights on behalf of numerous large American carriers — announced its first-quarter earnings on Thursday, reporting a $30 million profit even as the country's largest airlines saw losses in the billions of dollars. The company, which did still see…
Last week, the first two of the four major U.S. airlines reported their first-quarter earnings. Atlanta-based Delta Air Lines announced a loss of $607 million and United Airlines announced a whopping $2.1 billion loss for the same time period. Originally, Southwest Airlines and American Airlines — the two Dallas/Fort-Worth-headquartered competitors…
This week marks one of the first opportunities American investors and the public will have to see just how the airline industry is suffering as a result of the COVID-19 pandemic. The four largest U.S. carriers are all set to release their first-quarter earnings this week. United Airlines' numbers first…
Over the past few weeks, airlines in the U.S. have been releases their second quarter 2018 earnings. These releases were of particular interest to curious investors looking to see how airlines would handle increasing fuel costs. The major carriers all announced various plans to alleviate the tension of rising fuel…
Delta Air Lines posted record revenues for the first quarter of 2018 and set an upbeat tone for the entire industry. The airline had an operating revenue of $9.76 billion and a net income of $547 million, resulting in an earnings per share of 74 cents, one cent higher than…
