Alaska posts $232 million Q1 loss
Alaska Airlines has reported a net loss for the first quarter of 2020 of $232 million, compared to net income of $4 million in the first quarter of 2019. “The impacts of COVID-19 on our business have ...
Alaska Airlines has reported a net loss for the first quarter of 2020 of $232 million, compared to net income of $4 million in the first quarter of 2019. “The impacts of COVID-19 on our business have ...
Suggestions that passengers arriving at UK airports will be compelled to enter a 14-day quarantine period as part of Government Covid-19 measures, was roundly rejected by Airlines UK, the industry ass...
The European Union’s competition watchdog approved French state aid worth €7bn for Air France-KLM. The carrier obtained a state guarantee and a subordinated shareholder loan, a financial lifeline exec...
Ailing LCC Norwegian Air has won support from shareholders, bondholders and aircraft lessors for a 10bn kroner ($1billion) debt-for-equity swap. At an emergency AGM today he airline’s shareholders vot...
Air Canada today reported an operating loss of $433 million compared to operating income of $127 million in the first quarter of 2019. At March 31, 2020, unrestricted liquidity amounted to $6.523 bill...
The Thailand government has given a $1.8 billion bailout for struggling flag carrier Thai Airways. According to local media The State Enterprise Policy Committee meeting approved “in principle” the p...
WestJet has reached an agreement with the Airline Pilot Association (ALPA), to save more than 1,000 pilot jobs at WestJet, WestJet Encore and Swoop amidst the COVID-19 crisis. The airline had previous...
British Airways plans to make heavy cuts to its Gatwick airport operation as part of 12,000 redundancies. The airline has informed staff of detailed plans after it announced earlier this week that it ...
Ryanair is planning to cut 3,000 jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, which has grounded its fleet. The LCC said it was cutting 15% of its 20,000-strong workf...
In a statement, Boeing said that it was “pleased with the response to our bond offering”. That’s an understatement since reports state that the $25bn bond offering, across seven tranches, ranging from...
Southwest Airlines has priced a new offering of 70 million shares of common stock at $28.50 per share – upsized from 55 million – and $2bn of convertible, five-year senior notes, at 1.250%, which was ...
Finnair has reported first quarter revenues down 16% to €561.2 million and also announced a rights issue for €500 million. Finnair's current assumption is that it will operate the current minimum netw...
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