earnings

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 is an example, having used […]

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 it sustained in the same […]

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 Airways posted a record pretax […]

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 $8.44 billion loss, citing the significant impact of COVID-19, the 737MAX program, and its commercial […]

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 annual loss for United since 2005. Cash Burn Down, but Revenue Issues Remain During Quarter […]

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 of $578 million under Generally Accepted Accounting Principles (GAAP). This is a significant drop from […]

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 company’s stock dropped in early trading on Monday as the airline also said it would […]

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. The airline maintained a veil of optimism, however, as it said it had seen success […]

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 airline has continued to work to lower cash burn and operate more efficiently across its […]

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 30, which is the second-highest loss in Qantas’s century-long history. In 2014, the airline had […]