BOC Aviation writes down $804 million for 17 jets stranded in Russia
Singapore-based aircraft leasing company BOC Aviation reported a net loss after tax of $313 million for the first…
financial results
179 articles
Stay informed about financial results in the aviation industry. Explore articles and news about the financial outcomes, profitability, and any updates.
Auckland Airport pushes revamp of aging domestic terminal amid COVID-19 recovery
Auckland Airport (AKL) in New Zealand is planning to revamp its aging domestic terminal, which will improve operations,…
Turkish Airlines posts $737 million net income for H1 2022
Turkish Airlines reported a net income of $737 million in the first half of 2022 with revenues in…
LATAM obtains US Court approval for reorganization plan, secures exit financing
LATAM Group announced that its total operating revenues reached $2.23 billion in the second quarter of the year.…
TUI to pursue compensation from airports for disruptions caused by travel chaos
TUI Group has revealed an underlying loss before interest and taxes of $43.53 million (€42.5 million) for the…
Cathay Pacific narrows H1 loss despite severe restrictions
Hong Kong’s flag carrier Cathay Pacific has narrowed its half-year loss despite being among the worst hit worldwide…
Cargo demand helps Korean Air increase Q2 operating profit
Air cargo demand and a gradual rebound in passenger traffic has helped Korean Air increase its operating profit…
Private jets help Embraer post highest order backlog since pandemic
Embraer reported its highest order backlog since the start of the pandemic, with the market for private jets…
Lufthansa posts Q2 profit despite geopolitical uncertainty in Europe
Germany’s national carrier Lufthansa (LHAB) (LHA) recorded an operating profit in Q2 for the first time since the…
Engine maker Rolls-Royce reuses spare parts amidst supply chain crunch
British engine maker Rolls-Royce is repairing and reusing spare parts in light of supply chain issues that are…
ANA shows signs of recovery after returning to profit
All Nippon Airways (ANA) has returned to profitability for the first time since the beginning of the COVID-19…
Cost containment and travel demand help Etihad return to profitability
Etihad has returned to profitability in the first six months of 2022 after six years of accumulating multi-billion-dollar…
Air Force One to drone tankers: Boeing’s defense program hit with cost overruns
Boeing’s latest quarterly report has revealed significant losses in the company’s Defense sector, primarily due to fixed price…
Boeing prepares Dreamliners for delivery but Q2 profits drop
Boeing is preparing 787 Dreamliners for delivery, the aerospace giant announced when reporting a drop in profits for…
Wizz Air expects return to profit after Q1 hit by disruption and high fuel costs
Wizz Air was hit by disruption, the war in Ukraine and high fuel costs in the first quarter…
Heathrow says capacity cut to stay until airlines hire more ground staff
London’s Heathrow airport has urged airlines to recruit and train more ground handlers, saying a cap on flights…
Travel disruption costs easyJet $136M in first part of summer 2022
easyJet said ongoing travel disruption due to staff shortages across the aviation industry has cost it £133 million…
IATA gives brighter financial outlook for the airline industry
Industry association IATA has given a brighter outlook for airlines in terms of profitability for 2022, predicting losses…