Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…
Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…
South African Airways (SAA) is facing an uncertain future after reporting its seventh straight loss for the latest fiscal year 2017-18. The 5.7 billion rand (445 million dollars) loss, a figure more than double that expected, is the largest since the airline reported a 6.1 billion rand (476 million dollars) loss…
$2.2 billion. The net profit of two of the world’s major airlines in 2016. Those airlines, however, have much less in common than their financials might seem to indicate. One operates the truest example of a hub-and-spoke model in the world, with wide-bodied Boeing 777s and Airbus A380s touching every…
Delta Air Lines is expecting a bullish 2018 based on their presentation during Delta Investor Day given higher expected earnings per share driven by higher flight capacity, nonfuel unit costs, and higher brand recognition. In order to achieve their metrics for 2018, the carrier has laid out a plan to…
Aircraft are considerably expensive purchases, especially when buying dozens of them for your airline. With orders frequently totaling in the billions of dollars, it is hard to imagine how an airline could possibly pay for all of the planes they have. Purchasing huge numbers of aircraft can tie up considerable…
Passenger Revenue per Available Seat Mile (PRASM) is a term thrown around the airline industry often. It’s a division of passenger revenue by available seat miles. The question of its importance has caused a divide between many, including analysts and airline executives. Revenue vs. Net Income The U.S. airlines in…
Northeastern United States Enters Recovery Mode After a long battle with Winter Storm Jonas, many airports in the Northeast corner of the U.S. will be recovering from the cancellations that they have been plagued with over the past several days. Crews will be on the ramps, taxiways, and runways constantly…
