Two U.S. regional carriers are largely prevailing as victors in a battle for survival as airlines globally continue to weather an unprecedented downturn in travel demand. Phoenix-based Mesa Airlines and St. George, Utah-based Skywest Airlines have both posted profits for the last quarter while larger airlines report losses in the millions of dollars per day. This achievement boils down to one contingency for these two regional airlines: contracts. Air travel numbers are rebounding in the U.S., albeit gradually. As projected…
German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating group. Along with Germany, Lufthansa owns airlines in Austria, Switzerland…
With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis. KCA…
Embraer delivered its financial results for the year 2019 which some analysts consider to be below expectations. This will add to the fact that the joint venture with Boeing is now delayed as the European Union says it sees a risk for diminished competition in the airliner market. Embraer delivered…
Troubled flag carrier Alitalia will become once again a state-owned airline as a result of a new decree signed on Monday by Italian Prime Minister Giuseppe Conte as part of a relief package to support the economy in a country hit hard by the COVID-19 pandemic. Alitalia was supposed to…
LATAM Airlines Group, Latin America's largest airline, presented its financial results of the fourth quarter and full year of 2019 last week. The group had its fourth consecutive year of positive results, registering a USD $190 million net income. This represents a reduction of 38.5 percent over the numbers of…
As a result of increased airfare earlier this year, the passenger numbers of Garuda Indonesia Group in the third quarter dropped 2.1 million year-on-year, but the company's revenue recorded a huge growth. According to local media, Garuda Indonesia lost one million passengers in the domestic market and the passengers for…
The newfound attention aviation is facing around carbon emissions continues to grow. Recently, airlines have been branded as significant polluters of the world with more and more people looking for ways to penalize the activity of flyers and airlines. This has become so prevalent in some countries that they have…
Tuesday was a key day for Norwegian, as the company's bondholders accepted a two-year deferral in the taking of dividends of obligations that the company had issued in 2015 and 2017. With this action, the carrier avoids paying 380 million dollars due in the last four months of the current…
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 percent and the load factor remained unchanged at 84.2 percent. But the group’s cargo revenue…
