Qantas is looking back on another strong year financially while also looking to the future with a new experiment on the way in 2020. The airline posted record revenues over the last fiscal calendar year but failed to turn that into a record profit due to changes in fuel pricing and currency variations that cost the airline an additional $768 million. In total, the airline recorded a 17 percent drop in Underlying Profit Before Tax to $1.30 billion and a…
Qantas is looking back on another strong year financially while also looking to the future with a new experiment on the way in 2020. The airline posted record revenues over the last fiscal calendar year but failed to turn that into a record profit due to changes in fuel pricing…
South African Airways has been going through a long-standing period of loss-making due to a large number of factors including a bureaucratic company structure with allegations of corruption. In 2017 Vuyani Janara was appointed as the CEO, promising to change the way the company operates with a goal of profitability.…
WestJet Airlines has announced a route expansion, along with financial results for the third quarter. The three new routes give Westjet two new transborder flights as well as a new destination in Europe. The third quarter saw WestJet return to profitability after reporting a loss in the second quarter. However,…
European regional airline Flybe took a beating recently over a revised revenue forecast worth 40 percent of the company’s value in trading on Wednesday. The airline expects a drop in revenues over the next six months due to falling consumer demand. This worsens the airline’s expected losses for the year…
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 of €1.11 billion to €1.2 billion. Ryanair shares have slumped almost 14 percent since the…
United Airlines reported a record share price on Friday with the value of its stock breaking the $90 mark for the first time. The value of the company has risen an incredible 33 percent this year, a greater increase than Delta, up 3.5 percent, and American Airlines which has seen…
Over 100,000 flights are operated daily across the world, ranging from a couple dozen miles to thousands on aircraft that vary in size from that of a family car to a veritable cruise ship in the sky. With all those aircraft and all those routes comes one goal for airlines:…
After Atlanta-based Delta Air Lines announced the resumption of its service to India, the carrier has stated that it is looking to Asia for future revenue growth. In a statement at the National Press Club luncheon, Delta CEO Ed Bastian stated that two-thirds of the carrier's revenue comes from domestic…
