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American Airlines Earnings Show Hope for New Strategies

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…

United Lowers Cash Burn Rate in Third Quarter Earnings Report

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.…

Delta CEO Says Airline is Looking to 2022, 2023 for…

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…

Qantas Reports Second Highest Loss In Company’s History

Sydney-based Qantas announced its consolidated fiscal year results marking the depth of the crisis caused by the ongoing COVID-19 pandemic. Australia’s flag carrier posted a statutory loss of 2.7 billion Australian dollars ($1.9 billion) for the fiscal year ended June…

Singapore Airlines Group Announces Financial Results

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…