Profit loss

The impact of COVID-19 has been unprecedented in the air transport industry as in many economic sectors around the world. Many airlines are facing serious economic difficulties this year due to the important decrease in demand. Many big legacy carriers are asking national governments to help them with big loans and national rescues, but this […]

UK regional carrier Flybe announced this week that it finished in the red with a £20 million loss this year to the end of March, swinging from a £2.7 million profit the year before. Although company revenues increased by 13.4 percent to £707 million, the causes for the pre-tax loss can be attributed to lower […]