Air Canada today reported that it had made a $1.55 billion Q2 operating loss on total revenues that fell from $4.7 billion in 2019 to $527 million this year. The Canadian carrier has liquidity of $9.1...
Southwest Airlines has taken its fourth and final disbursement of CARES Act funds with the receipt of $326 million from the US Treasury. Southwest first tapped CARES ACT FUNDS on April 20 when the car...
Samsung Partners a Korea-based private equity firm has launched an investment Samsung Aviation Partners to focus on global aviation investment. Samsung is in the process of setting up a leasing platfo...
International Airlines Group (IAG) has announced a rights issue of up to €2.75bn billion to boost its liquidity and reduce leverage. Goldman Sachs, Morgan Stanley and Deutsche Bank are acting as unde...
ANA has recorded a 108.8 billion yen ($1.01 billion) loss in Q1 despite a strong focus on cost reduction by the Japanese carrier. “Passenger demand for both international and domestic flights declined...
SIA announced that the second quarter, which ended on June 30 and was the first of the carrier’s 2020 fiscal year, resulted in a 1.123 billion Singapore dollar ($816 million) loss. These losses come o...
Russian carrier Aeroflot has recorded a 26 million ruble ($35 million) Q2 loss as the firm was forced to halt almost all international flights since March. “The spread of the novel coronavirus (COVID...
Airbus posted an adjusted second-quarter operating loss of €1.226 billion ($1.44 billion) as revenues fell 55% to €8.317 billion. Losses include €900 million of balance sheet impairment charges relate...
Irish lessor Avolon has recorded a net loss of $162 million for Q2 following write-downs related to non-cash impairment charges and accelerated amortisation on airline restructurings. The firm boosted...
GE has reported a fall in second quarter revenues by 24% to $17.7bn, down 20% on organic revenue to $16.3bn. Both GE Aviation and GE Capital Aviation Services (GECAS) have been hit hard by the global ...
Hawaiian Airlines has made a $107 million loss in Q2 with the company’s chief executive laying the blame firmly on the ongoing COVID 19 pandemic. "Our second quarter results reflect the continued impa...
Boeing reported a $2.4 billion loss for Q2, and the firm is planning to slow production in its commercial aircraft division as COVID 19 hits aircraft demand. The US airframe maker reported Q2 revenue ...
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