finance

News

Creditors Approve Avianca Brazil’s Recovery Plan

April 6, 2019 Peter Biondi

After seven hours of discussion, Avianca Brazil was able to approve its judicial recovery plan in a heated assembly of creditors held this Friday in São Paulo. Of the total creditors, 77 percent voted in

News

Alitalia’s Future Back in Spotlight as easyJet Pulls Out

March 20, 2019 John Flett

The future of Italian carrier Alitalia is again under the spotlight as it was announced that easyJet is withdrawing from the process seeking to secure the beleaguered airline’s future. The U.K.-based airline was part of

Top Story

Azul Brazilian Airlines Expresses Interest in Avianca Brazil Assets

March 13, 2019 Peter Biondi

In a surprising move, the CEO of Azul Brazilian Airlines, John Rodgerson, announced that Azul is interested in buying most of the assets from Avianca Brazil, which is going through bankruptcy protection. The statement came

Exclusive

Icelandair CEO and CCO Talk Hub Strategy, Financial Position and Boeing’s NMA

February 20, 2019 John Flett

Icelandair CEO Bogi Nils Bogason was confirmed into his position in December after replacing former president and CEO Björgólfur Jóhannsson in an interim appointment in August 2018. Since 2010 Bogi Nils had held the position

News

Etihad to Cancel 42 Airbus A350 Orders

February 15, 2019 Jose Antonio Payet

Etihad Airways is currently undergoing a spree of financial difficulties. As part of its efforts to adjust in size and scale in seek of better returns, the airline is rumored to have cancelled its remaining

Top Story

Norwegian Releases Shares in Hopes of Long-Term Sustainability

January 30, 2019 Jose Antonio Payet

Norwegian’s troubled financial situation is no news; as its rapid transatlantic expansion that set pace for an increasingly dynamic and cost-driven market between North America and Europe is passing the bill with fierce competition, volatile

News

Overcapacity in European Aviation Market Impacts Airline Revenue Per Seat

January 26, 2019 John Flett

Low fares are set to continue in the European aviation market as overcapacity over the Winter season has seen Ryanair lower market expectations for 2019 financial results and easyJet report lower per seat revenue. U.K.-based

News

Argentinian Flybondi’s CEO Moves Up…or Steps Down?

December 24, 2018 Pablo Diaz

In the very same week that it started operating regionally, Flybondi caught Argentina’s commercial aviation market off with shocking news: Julian Cook, founder and frontman, left his position as CEO on December 20, and will

News

Another European Airline in Financial Trouble?

October 13, 2018 Mateen Kontoravdis

Trade war tensions with China are rising in the U.S. as President Donald Trump creates new barriers for Chinese trade. While this has been occurring, Cyprus has kept its doors wide open to Chinese investment

Airlines

Rising Fuel Costs Crashes the Profitability Party

June 9, 2018 Hemal Gosai

The aviation industry is known for having high costs. Multi-million dollar machines fly across the world carrying passengers seeking a bargain. It’s hard to run a consistently profitable airline when so many factors impact profitability;

News

After Strong First Quarter Success, LATAM Estimates $25 Million in Losses post-Chilean Strike

May 18, 2018 Pablo Diaz

On April 10, 2018, 842 unionized cabin-crew members of Transporte Aereo S.A., one of the affiliates of LATAM Airlines Group in Chile, went on a strike that affected LATAM’s domestic operations in Chile, as well as some

Top Story

Struggling South African Airways to Receive $400 Million Capital Injection

May 11, 2018 Andy Nelson

The South African government has promised another sizeable cash injection to its ailing national carrier to assist with “urgent financial obligations,” it was announced on Thursday. The latest 5 billion rand ($400 million) boost will mean that

News

Norwegian Air Signals That Other Airlines May Be Interested in Company

April 28, 2018 John Flett

Norwegian Air Shuttle (NAS) CEO Bjorn Kjos has divulged that the airline has been approached by other parties interested in buying a stake in the Norwegian-based carrier after it was reported on April 12 that

News

Allegiant Stock Slips after ’60 Minutes’ Examines Safety Record

April 16, 2018 AirlineGeeks.com Staff

Allegiant Air was the subject of Sunday’s episode of ’60 Minutes’ on CBS. In roughly 30 minutes, the program scrutinized the airline’s safety record, via interviews from industry and union representatives, passengers, and FAA records or previous

Top Story

Delta Sets the Pace for a Strong Industry Outlook

April 13, 2018 Hemal Gosai

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

Airlines

Etihad’s Push for Profitability

March 18, 2018 Parker Davis

Once upon a time, Etihad Airways, for many, was the epitome of luxury in air travel. For many, they still are. With the Residence – a true three-room apartment in the skies – sitting in

Top Story

Lufthansa Group Reports Record Profit, Virgin Atlantic Back in the Red

March 15, 2018 John Flett

The volatility and uncertainty of the aviation industry were in evidence on Thursday with the release of 2017 results for two of Europe’s most well-known airlines, Lufthansa and Virgin Atlantic. Deutsche Lufthansa AG, the parent

News

Cathay Pacific Racks Up First Back-To-Back Loss In 71 Years

March 14, 2018 Akhil Dewan

Hong Kong-based Cathay Pacific announced a loss of $1.45 billion HKD ($185 million USD), nearly triple the $525 million HKD ($66.9 million USD) loss reported a year ago. This loss signifies the airline’s first back-to-back

Airlines

WestJet Announces Surprising Executive Leadership Change

March 12, 2018 John Flett

Canada’s second-largest airline, WestJet, announced last week that their long-time CEO Gregg Saretsky would be retiring with immediate effect. The move on Thursday surprised many in the aviation industry given the immediacy of the decision

Top Story

A Big Step Back for Qatar Airways

March 11, 2018 Parker Davis

Qatar Airways announced on Wednesday they would report a “very large loss” for the current fiscal year as a result of a blockade placed on the nation by various other Middle East nations last June.

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finance

Creditors Approve Avianca Brazil’s Recovery Plan

Alitalia’s Future Back in Spotlight as easyJet Pulls Out

Azul Brazilian Airlines Expresses Interest in Avianca Brazil Assets

Icelandair CEO and CCO Talk Hub Strategy, Financial Position and Boeing’s NMA

Etihad to Cancel 42 Airbus A350 Orders

Norwegian Releases Shares in Hopes of Long-Term Sustainability

Overcapacity in European Aviation Market Impacts Airline Revenue Per Seat

Argentinian Flybondi’s CEO Moves Up…or Steps Down?

Another European Airline in Financial Trouble?

Rising Fuel Costs Crashes the Profitability Party

After Strong First Quarter Success, LATAM Estimates $25 Million in Losses post-Chilean Strike

Struggling South African Airways to Receive $400 Million Capital Injection

Norwegian Air Signals That Other Airlines May Be Interested in Company

Allegiant Stock Slips after ’60 Minutes’ Examines Safety Record

Delta Sets the Pace for a Strong Industry Outlook

Etihad’s Push for Profitability

Lufthansa Group Reports Record Profit, Virgin Atlantic Back in the Red

Cathay Pacific Racks Up First Back-To-Back Loss In 71 Years

WestJet Announces Surprising Executive Leadership Change

A Big Step Back for Qatar Airways

Norway to Get its First Nonstop Link to China

My Unpopular Opinion: It’s the MD-80’s Time To Go

SpiceJet Hires Jet Airways Employees Following Cancellation of All Flights

Avianca Brazil Aircraft Repossessions Continue

ExxonMobil Donates Hydraulic Fluid to Keep Concorde Alive