Financial Report

One of the biggest carriers in the Arabian Gulf region, Dubai-based flydubai recently announced its full-year results for 2023.

Ethiopian Airlines reported 79 percent revenue growth for its fiscal year that ended on July 30. According to Mamo Mihretu, the CEO of Ethiopian Investment Holdings, in a tweet, the state-owned airline recorded $5 billion in revenue this fiscal year, a growth of 79% over last year. Additionally, profits rose 90 percent to $937 million, […]

On Wednesday, July 28, aircraft manufacturer Boeing held its second quarter earnings call for 2021, posting its first profit in nearly two years. This comes at a time when the industry recovery trend continues to accelerate forward following less travel restrictions, leading to more servable routes. Boeing’s $567 million profit comes as a surprise to […]

Bombardier continued its quest for stabilization following a difficult 2020, announcing numerous changes across the company as it seeks to achieve profitability. The most recent casualty will be the Wichita-based Learjet, which will cease production in the fourth quarter of 2021. Asset Disposals Generated Much-Needed Cash Bombardier’s recent asset disposals have generated significant cash on […]

On Oct. 22 Southwest Airlines announced the company’s third-quarter financial results. As expected the airline posted a large loss and continues a high level of daily cash burn as the industry continues to navigate the effects of the Covid-19 pandemic. The airline also announced a change to the passenger experience for travelers beginning December 1. […]