The commercial aviation market in Brazil has had an intense first quarter this year. As the new government takes office, the markets are waiting anxiously for the promised economic reforms, reflecting in more investments and thus, accelerating demand. Most important, though, is the collapse of Avianca Brasil, which was the fourth biggest domestic carrier until its downfall. The airline mostly served markets which already had competition, positively affecting the demand for the competitors, which can now raise ticket prices as…
United shares took a tumble on Thursday, dropping more than 12 percent after the United management team failed to leave analysts satisfied with the outlook of the company. The airline reported better than expected third quarter results, but its adjusted earnings fell sharply year-over-year. A Rough Third Quarter Revenue decreased…
United Airlines experienced a strong second quarter of 2017, reporting a net income, excluding special charges, of $846 million against revenues of $10 billion. Though United posted excellent financials, their shares on the New York Stock Exchange still fell 5.9% due to sluggish 3rd quarter forecasts. United’s $10 billion revenue in…
Delta announced its June quarter 2017 earnings, reporting a net income of $1.2 billion on revenues of $10.79 billion. The announcement highlights approximately a 20.8 percent fall in quarterly profit as operating expenses grew for the global airline. Operating revenues grew to $10.79 billion this quarter compared to $9.14 billion…
