Vietnam Airlines Expects $655 Million Yearly Loss

As a result of the COVID-19 pandemic, Vietnam Airlines posted a $284 million loss in the first half of 2020 and expects its loss could reach $655 million by the end of the year. The airline recorded a remarkable year in 2019 and earned $4.3 billion. Vietnam has prevented the…

Indian Aviation Industry Braces For $3.6 Billion Loss, Looks To…

After halting international services into and out of the country, the Indian government announced Monday that it would suspend domestic passenger services starting March 25 in an effort to slow the spread of the novel Coronavirus across the country. Airlines were directed to halt their scheduled passenger operations after 11:59…

Cathay Pacific Racks Up First Back-To-Back Loss In 71 Years

Hong Kong-based Cathay Pacific announced a loss of $1.45 billion HKD ($185 million USD), nearly triple the $525 million HKD ($66.9 million USD) loss reported a year ago. This loss signifies the airline's first back-to-back loss in 71 years, mainly due to intense competition and overcapacity in the region. Cathay…