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…
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…
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…
