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A Delta A220-100 on final approach. (Photo: AirlineGeeks | William Derrickson)

Delta Announces First Quarter Results, Positive Second Quarter Outlook

Delta Air Lines became the first U.S. carrier to announce its first-quarter earnings for 2021, starting the year off with an overall loss, but with some positives to take from it. Following Generally accepted accounting principles or GAAP, the airline posted a loss of $1.5 billion for the first three months of the year. Operating revenues for the quarter sat at $4.2 billion, with operating expenses at $5.5 billion. Lower operating expenses were in large part due to the second…

Czech Carrier CSA On The Brink Of Bankruptcy

An airline that has been flying across Europe and the world for the past 98 years could be the next victim of the pandemic-induced crisis in the aviation industry. Prague-based Czech Airlines (CSA), the flag carrier for the Czech Republic, has filed for reorganization under the country’s Insolvency Act. Before…

Delta Air Lines Announces Fourth-Quarter Financial Results

Delta Air Lines announced their fourth-quarter and full-year financial results, becoming one of their first airlines in the United States to do so. The Atlanta-based carrier posted a $1.1 billion loss, according to Generally Accepted Accounting Principles, in the final quarter of the year. For the calendar year, the airline…

Qatar Airways Reports $2 Billion Loss for Year Ended March…

Qatar Airways published its 2019-2020 annual report on Sunday, in which it reported that the airline recorded a loss of $2 billion for the period from April 1, 2019 to March 31. The combination of the current airspace blockade against the Qatar, the liquidation of Air Italy, changes in accounting…

Singapore Airlines Group Announces Financial Results

Singapore’s-national carrier, Singapore Airlines, announced significant losses during the company's second-quarter financial results. On July 29, the airline announced that the second quarter, which ended on June 30 and was the first of the carrier's 2020 fiscal year, resulted in a 1.123 billion Singapore dollar ($816 million) loss. These losses…

Alaska Airlines Announces Second Quarter Results, Oneworld Invite

The Alaska Air Group reported their second-quarter results and an official invitation to join the Oneworld alliance. As with all airlines, the Seattle-based airline reported significant losses due to the COVID-19 pandemic. Alaska’s reported net loss was $214 million under Generally Accepted Accounting Principles (GAAP). When compared to other airlines,…

Austrian Airlines Takes Financial Recovery Package

As the list of airlines that have received government-backed financial support grows during the COVID-19 pandemic, Austrian Airlines has announced that it will be the newest member of this group. In a press conference, the Vienna-based carrier announced that they would receive a total of 600 million euros ($677 million)…

Ethiopian Airlines Records Strong Half-Year Profit

Though unaudited, Ethiopian Airlines (Ethiopian) posted strong half-year financial returns in the current fiscal year with Public Enterprises Agency, reporting a $260 million in profit for the 2019-2020 year. $2.1 billion recorded in revenues made it the second most profitable state-owned corporation in Ethiopia. The airline also foresees a gross…

Caribbean Airline LIAT to Continue Flying Despite Reports

Caribbean regional airline, LIAT, has insisted that it will continue operations, despite local media reports that the airline is on the verge of collapse. The airline’s CEO has rebuffed claims from media in one of the carrier's home countries of Barbados, that the airline was about to run out of…

Aerolineas Argentinas Takes a Big Hit in 2018 Financials

Last week, Aerolineas Argentinas and its domestic sister company, Austral, presented its 2018 results with some worrying numbers but also with a ray of light regarding its operations for 2019. Together, both companies recorded a loss of $489 million USD. Compared to 2017, revenues remained practically constant, accompanying inflation, but…