The Russian Market
Russian aviation authority Rosaviatsiya has release data showing that airlines collectively carried 6.24 million passengers, down 46 per cent on the pre-COVID year 2019. Thanks to its first quarter re...
Russian aviation authority Rosaviatsiya has release data showing that airlines collectively carried 6.24 million passengers, down 46 per cent on the pre-COVID year 2019. Thanks to its first quarter re...
Hainan Airlines shares fell almost by the daily limit in trading today in Shanghai after the airline warned of a loss of between 58 billion yuan (US$8.98bn) and 65 billion yuan just over US$10bn. The ...
China Eastern Airlines to raise US$1.7bn through non-public issuance of 2.5bn A Shares to provide working capital. The non-public issuance of 2.5 billion A shares is to CEA Holding for a cash issue pr...
For January 2021 Wizz carried fewer than 574,000 passengers, at 27% capacity and a load factor of just 61% on that, down 81.8% on January 2020 (not a good measure). “With the increasing administration...
Sunwing Vacations and Sunwing Airlines will gain access to $375 million in additional liquidity through the Large Employer Emergency Financing Facility (LEEFF). As part of the agreement, Sunwing will ...
Air Namibia managed to avoid liquidation proceedings on Friday January 19 by reaching an out-of-court settlement with a lessor creditor. The airline owed 253-million Namibian Dollars (R253m) for an ai...
The Air India divestment by the Indian state is to be concluded during “the next fiscal period”. The winning bidder will get the main airline and a 100% stake in Air India Express and 50% stake in Air...
Vietjet Aviation Joint Stock Company recorded a consolidated after-tax profit of VND70 billion (US$3 million) in 2020, following its financial report released yesterday. The positive figure makes Viet...
Japan Airlines (JAL) has cut its full-year forecast to a record operating loss of ¥420 billion (US$4 billion). The new forecast is worse than all previous estimates and reflects the deteriorating situ...
In sad news, Thomas Cook Aviation Balearics, which was announced in May 2020 as an independent partial resurrection of the former giant with German backing, has had to close for good. The airline woul...
Ryanair stated today that expects to lose close to €1 billion ($1.2 billion) in its current financial year. Ryanair's revenue fell 82% in the third quarter, which is compared to an 88% fall at easyJ...
ICAO has confirmed that international passenger traffic fell 60% during 2020, bringing air travel totals back to 2003 levels. ICAO data shows that seat capacity fell by 50% last year, with just 1.8 ...
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