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Korean Carriers Seek Financial Support from Government

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…

Embraer Fiscal Year Financial Results ‘Below Expectations’

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…

Italian Government Renationalizes Alitalia

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…

LATAM Airlines Group Reports $190 Million Net Income in 2019

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…

Garuda Indonesia Reports Drop of Two Million Passengers in Third…

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…