Delta loses $5.3 billion in Q3 2020 and discloses aircraft retirement plans
Delta today released their third-quarter results for 2020 where the carrier had recorded a net loss of $5.3 billion compared to a profit of $1.49 billion made in the same
AirAsia X on the brink of collapse – The Board and Management have proposed a restructuring plan to keep the airline flying
Long-haul low-cost airline AirAsia X yesterday announced a restructuring plan to help the airline get back on its feet. It was noted that the airline is currently facing severe liquidity
AEGEAN Airlines loses €158.8 million for the first half of 2020
AEGEAN Airlines today released their First Half Results for 2020 where they disclosed that they lost €158.8 million as a result of the COVID-19 Pandemic that has impacted their operations,
Qatar Airways loses QAR 7 billion in the Financial Year 2019/20
Qatar Airways today released their 2019/20 Annual Report where they disclosed that they made a net loss of QAR 7 billion (USD 1.92 billion) during the period. The airline attributes
Lufthansa Group revises outlook and plans to store additional aircraft
Lufthansa Group yesterday shared details on Lufthansa’s 3rd package within their restructuring programme. They’ve taken decisions after they’ve witnessed a worsening outlook for international air traffic in recent weeks despite
Boeing wins order for 2 B737-800BCF aircraft and agrees for more freighter conversion lines to meet demand
Aircraft manufacturer, Boeing yesterday announced that they have a firm order (unidentified customer) for 2 Boing 737-800 Boeing Converted Freighters (BCF) and they went on to add that they have
AerSale acquires 24 Boeing 757-200 passenger aircraft and plans to convert them into dedicated freighters
Aviation products and services provider, AerSale has recently announced that they have purchased 24 Boeing 757-200 passenger variant aircraft along with the aircraft engines and 16 spares that were included
COVID-19 a blessing in disguise for Sri Lankan Airlines Restructuring efforts
Chairman of Sri Lankan Airlines, Ashok Pathirage in a recent interview with Bloomberg discussed the current state of affairs of the national flag carrier and the impacts of COVID-19 on
Southwest Airlines daily cash burn was $19 million in August 2020
US low-cost operator, Southwest Airlines today released its updated guidance in a Securities and Exchange Commission filing. The Airline’s operating revenue was down 70% in August with load factors at
Despite Aggressive cost reductions, SpiceJet turn in a loss of INR 5.9 billion for the quarter ending June 2020
Indian Low-cost carrier, SpiceJet disclosed yesterday their financial results for the quarter ending June 2020 where it made a net loss of INR 5.9 billion (USD 80 million) compared to
