Japanese Airlines has cut its forecast for annual net profits by 43 percent because of COVID 19. With the pandemic hitting revenue from both domestic and international routes, JAL said net profit for ...
Spirit Airways has increased a previously announced revolving credit facility from $110 million to $135 million, the carrier revealed in an SEC filing. On March 30, Spirit Airlines entered into a seni...
American Airlines has finalised the details of its aid package from the US Treasury for the payroll financial assistance program as part of the Coronavirus Aid, Relief and Economic Security (CARES) A...
US benchmark futures prices for West Texas Intermediate (WTI) dropped to negative $37.63 a barrel before recovering yesterday, however this was due to technical factors rather than fundamentals and sh...
Not only is aviation facing the biggest slowdown in its history market players are expecting recovery to be equally slow paced, according to a survey of industry executives by consultants ICF. Accordi...
The continuing impact of COVID-19 is giving little relief for airline executives with ticket refunds keeping pace with new ticket sales globally, according to Matthew Tringham, chief strategy and prod...
Risk management company, Anvil Group, has acquired airline safety advisory service, FlightSafe one of as the world's most comprehensive resource for airline safety data. Flightsafe provides access to ...
Despite IATA warning that airlines globally are facing losses of $314 billion in 2020, a 55% decline compared to 2020, the US government’s $58 billion CARES package, is by-far largest aid deal so far...
The US Treasury is proposing to provide the country’s airline sector with $50 billion of secured loans, not grants as the industry had requested, tied to conditions which include limits on executive p...
On March 18, 2020, American Airlines secured a 364-day $1bn senior secured delayed draw term loan credit facility, due to be paid in a single installment on March 17, 2021. Borrowings of term loans un...
US carrier Hawaiian Airways drew down a $235 million revolving credit facility on March 16, according to an 8-K filing by the airline. Citibank was the administrative agent on the credit facility whi...
Due to the dramatic loss of revenue, JetBlue has secured a new liquidity facility. On March 13, 2020, JetBlue entered into a delayed draw term loan credit agreement that provides for a term loan facil...
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