

Cebu Air Bleeds In First Quarter Net-Loss
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…

Qantas, Air New Zealand Report Historic Losses
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…

Boeing Delays 777X Launch to 2023, Records Record Annual Loss
On Wednesday morning, Boeing reported an annual loss of $11.94 billion for 2020 based on its fourth quarter earnings, amounting to a record loss in its more than 100 years of operation. In the fourth quarter alone, Boeing accumulated an…

United Airlines Announces Fourth Quarter Earnings Results
United Airlines concluded a difficult year by announcing its fourth-quarter earnings results on Wednesday. Overall, the airline lost $7.069 billion in 2020, a drastic contrast from a $3 billion profit in 2019. According to CNBC, this year marked the largest…

JetBlue Announces Major Traffic Increase in Third Quarter, Finalizes Guyana…
JetBlue Airways has become the latest U.S. airline to announce its third-quarter financial results. The airline reported significant financial losses due to the COVID-19 pandemic and the travel dropoff associated with it. The New York-based carrier announced a pre-tax loss…