Softening demand in both business and leisure markets is projected to send Virgin Australia’s accounts into the red. In an investor update delivered to the markets on May 17, the Australian carrier announced estimated earnings
Norwegian’s troubled financial situation is no news; as its rapid transatlantic expansion that set pace for an increasingly dynamic and cost-driven market between North America and Europe is passing the bill with fierce competition, volatile
Dubai-based Emirates announced that its half-year profits suffered an 86 percent drop on Thursday. The news comes after the carrier, one of the largest in the Middle East, was hit by sudden hikes in oil
Jet Airways is facing a tough scenario, as it is taking heavy losses per a combination of rising costs and steep income deprecation. The tough industry environment in the backdrop of a sharp rise in
Ryanair is struggling pursuit of profit and the low-cost carrier giant has warned that the full-year profit will be lower than expected. The expected profit was €1.25 billion to €1.35 billion, to a new range
South African Airways is yet again looking for help as the airline attempts to get out of its financial hell hole from years of being unprofitable. The carrier, who has taken numerous government cash injections
The aviation industry is known for having high costs. Multi-million dollar machines fly across the world carrying passengers seeking a bargain. It’s hard to run a consistently profitable airline when so many factors impact profitability;
$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
Low-cost carrier and India’s largest airline by passengers and fleet size, IndiGo, has just posted its highest ever quarterly profit at Rs. 811 crore, or $127 million. The Delhi-based airline is one of few airlines
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