finance

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 easyJet this week announced first quarter earnings through December 31 of £1.296 billion, up 13.7 percent, but advised that the […]

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 be appointed as Vice President of the company board. Argentina’s first low-cost carrier stated that, in this new role, he […]

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 and trade, with plans to double bilateral trade to more than $1 billion, equivalent to about 5 percent of Cyprus’ […]

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; competitors could be waging a fare war, geopolitical events can be killing demand, or the biggest cost of running an […]

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 regional flights from Chile to other countries in South America. Despite the company taking all possible measures to mitigate the impact […]

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 the airline has received over $2 billion in government subsidies in recent years. South African Airways (SAA) is the continent’s […]

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 the International Airlines Group (IAG) had taken a minority stake. In an interview with Reuters after the announcement of NAS’ […]

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 incidents. Preceding the  release of the program on Sunday, Allegiant sent a memo to its employees stating: “This story follows […]

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 $547 million, resulting in an earnings per share of 74 cents, one cent higher than analyst estimates. While revenues were […]

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 all of its glory at the front of each Etihad Airbus A380, many saw an airline that had perfected flying […]