Marginal profit drop for lessor Dubai Aerospace
Dubai Aerospace (DAE), a Dubai, United Arab Emirates-based aircraft lessor announced a marginal drop in profit, despite the…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Virgin Atlantic files for asset protection in the United States
Virgin Atlantic has filed for bankruptcy protection concerning its activities in the United States while it is still…
Woes for Boeing continue, as ALAFCO cuts 737 MAX order
After filing a $336 million lawsuit against Boeing, ALAFCO had reached a mutual agreement with the U.S.…
KLM announces 5,000 layoffs as losses soar
AirFrance-KLM declared a total of 10,000 employees are to become redundant as the group looks to minimize its…
Singapore Airlines Group loses $1B, expects rapid recovery
Singapore Airlines (SIA1) (SINGY) (SIA) Group (SIAG) can be officially chalked off with the rest of the airlines…
Airbus posts $2.2 billion net loss in H1, deliveries cut in half
Airbus reported a $1.9 billion loss for the second quarter of 2020, as the manufacturer announced it slowed…
Boeing reports $2.4 billion net loss, postpones 777X to 2022
Boeing reported a $2.4 billion loss for the second quarter of 2020. The manufacturer announced it would slow…
Wizz Air expands as Q1 reports near negligible losses
Wizz Air’s Q1 FY2021, financial results revealed a $127 million (€108 million) statutory net loss, exceedingly low in…
Air travel industry bailouts totaling $42b backed in US Congress
The United States House signed a letter backing a six-month extension of a $32 billion payroll aid program for…
IAG looks to save $704 million on Air Europa deal
International Airlines Group (IAG), parent to Aer Lingus, British Airways, Iberia, and others, is reportedly negotiating to acquire…
Hong Kong government adds to Cathay Pacific troubles
As Cathay Pacific Airways is trying to preserve cash by delaying some aircraft deliveries, a new health policy…
Downhill journey: United Airlines report record losses of $1.6B
Dark times continue for aviation companies as they find themselves under the heavy financial barrage from the…
Brussels Airlines: Lufthansa and Belgian government reach deal
The Belgian government and airline Lufthansa (LHAB) (LHA) have reached an agreement on the rescue of Brussels Airlines.…
Passenger aircraft utilization amidst COVID-19: new solutions
As the COVID-19 swept through the industry many airlines were trying to sustain their daily operations as demand…
AirAsia expects to raise $234M after auditors warning
AirAsia provided an update on its financial situation after auditors, who reviewed its financial statements for FY2019, expressed…
IAG subsidiary LEVEL France to cease operations
A month after LEVEL Europe entered insolvency, OpenSkies, which operates under the LEVEL France brand, announced it would…
AirAsia auditor warns of financial imbalance at the airline
After AirAsia published its Q1 2020 financial statement, the auditor of the report Messrs Ernst & Young warned…
AerCap reports a drop in Q2 2020 lease agreements
Global aircraft lessor AerCap has reported a drop in Q2 2020 lease agreements totaling only 10 aircraft, a…