losses

With the 23 A320s and A321s removed from its 2025 fleet plan, the carrier will have nearly 11% fewer aircraft by the end of 2025.

Air New Zealand has officially announced it will ground its entire Boeing B777 fleet until as early as September 2021. The airline initially grounded seven of its B777-300ER aircraft, earlier in May until the end of 2020, while its eight B777-200s have been sent to longterm storage overseas to Roswell, N.M. and Victorville, Calif. Four […]

After reporting losses accounting for MYR 1.18 billion ($283 million) during the second quarter of the year, Air Asia is looking to focus its efforts on recovering domestic markets in the countries it serves first, as countries such as Thailand, Malaysia and Indonesia begin to reinstitute local mobility. This differs from the carrier’s previous strategic […]

American serial airline entrepreneur David Neeleman is close to selling his share of Atlantic Gateway, the holding controller of Portuguese flag carrier TAP Air Portugal, to the Lufthansa Group, Portuguese newspaper Jornal de Negocios reported on Sunday. Neeleman controls 50 percent of Atlantic Gateway, which in turn owns 45 percent of TAP, with the Portuguese […]

Two of India’s largest carriers have announced losses at the end of their fiscal years. Both IndiGo and SpiceJet reported losses after seeing operating profits from the previous year. At year-end, IndiGo reported a 1.5 billion rupee ($21.6 million USD) loss before tax. In the previous year, the carrier saw a pre-tax profit of 31 […]