Delta Air Lines released its financial results for the second quarter of the year. Revenues exceeded the company’s projections for the period, while earnings per share came in below expectations. Rising costs hurt earnings between April and June, although demand for air travel did not wane despite rising inflation in the…
On Thursday, Alaska Airlines released its first quarter earnings for 2022, posting a net loss of $143 million for the quarter ending March 31. The Seattle-based carrier reported a loss of $1.14 per share, compared to a net loss of $131 million, or $1.05 per share in the first quarter…
U.S. airline industry earnings season continued Thursday morning as rival legacy carriers American Airlines and United Airlines released figures from the fourth quarter and all of 2021. The pair of airlines followed competitor Delta Air Lines' lead with a beat on the top and bottom lines. United reported a total…
This Monday, the LATAM Airlines Group reported that it foresees better operational prospects for the next six months, despite the profound impact of the pandemic in Latin America so far this year. In a press release, the group stated that it plans to reach a capacity greater than 50% of…
On Thursday, American Airlines revealed its numbers for the second quarter of 2021, posting its first profit since the beginning of the pandemic. Specifically, the Fort Worth, Tex.-based carrier totaled a $19 million net profit, boosted by funds via the U.S. government's Payroll Support Program - PSP. The Numbers During…
Aeroméxico is currently working to incorporate new aircraft into its fleet with plans to add 12 new Boeing 737 MAX aircraft in the coming months, with the first arrival planned for October. In a press release, the Mexican carrier stated that these orders were in addition to the 28 that…
Fleet renewals have been an essential step in many airlines' recovery strategies as they fly through the storm brought about by the Covid-19 pandemic, which has resulted in numerous accelerated aircraft retirements and extended delays in production. Some airlines have used it to their advantage — and Delta Air Lines…
Cebu Air, the listed operator of budget carrier Cebu Pacific, posted a net loss of P7.3 billion (US$152.6 million) in the first quarter of 2021, as the Philippines struggles to contain COVID-19 infection cases, Business World reports. Cebu Air's net loss is 516% higher than the US$25.1 million net loss…
The two largest Oceanic carriers, Qantas Airways and Air New Zealand, have reported their dreary earnings for the full year of 2020. Large declines in passenger volume, mainly attributed to ongoing travel restrictions driven by the COVID-19 pandemic, have caused both airlines to incur losses. Record Losses For Qantas Qantas…
