finance

News

Cathay Pacific Remains Optimistic Despite Headwinds

August 11, 2019 Will Lee

Hong Kong-based Cathay Pacific has announced a net profit of $171.8 million for the first half of 2019. According to the interim result, the passenger revenue increased by 5.6 percent, the capacity increased by 6.7

News

Alitalia Receives “Non-binding Expression of Interest” from Football Club Owner

June 17, 2019 John Flett

Italian media reported this week that the government authority overseeing the future of Alitalia has received a ‘”reserved” purchase offer for the airline from Claudio Lotito, the multi-millionaire owner and chairman of Italian football club

News

Virgin Australia Adjusts Capacity as Low Demand Hampers Profits

May 19, 2019 Vanni Gibertini

Softening demand in both business and leisure markets is projected to send Virgin Australia’s accounts into the red. In an investor update delivered to the markets on May 17, the Australian carrier announced estimated earnings

News

IAG Reports Q1 Profit Result Despite Rising Costs and Challenging Winter

May 13, 2019 John Flett

IAG (International Airlines Group), the parent company of Europe’s British Airways, Iberia, Vueling and Aer Lingus, on Friday reported a $152 million profit for the first quarter of 2019. Though the result is down in

News

Asiana Faces More Financial Tribulations, Cuts First Class Offering

May 10, 2019 Will Lee

South Korea-based Asiana has announced that it will stop offering first class service in September. Also, the beleaguered carrier will terminate service to the Indian city of New Delhi and the Russian city of Khabarovsk

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

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finance

Cathay Pacific Remains Optimistic Despite Headwinds

Alitalia Receives “Non-binding Expression of Interest” from Football Club Owner

Virgin Australia Adjusts Capacity as Low Demand Hampers Profits

IAG Reports Q1 Profit Result Despite Rising Costs and Challenging Winter

Asiana Faces More Financial Tribulations, Cuts First Class Offering

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

GoAir Potentially Seeking IPO

Avianca Announces Strategic Shift Towards Profitability

Thai Airways Debuts New Strategies to Increase Revenue

Southwest Adds Second Wave of Expansion in Hawaii

Delta and Virgin Atlantic Boost Transatlantic Venture with Route Announcements