British Airways owner IAG suffers biggest loss in its history
International Airlines Group (IAG) (IAG), the owner of British Airways, plunged to the biggest loss in its history,…
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.
Safran maintains profit in 2020 despite pandemic
The French aerospace group Safran managed to generate a net profit of €352 million in 2020. The engine…
Air France-KLM warns of ‘challenging’ Q1, posts €7.1B net loss
On February 18, 2021, Air France-KLM reported its net loss of €7.1 billion ($8.6 billion) in 2020, as…
Asiana Airlines narrows losses due to cargo business growth
On February 16, 2021, Seoul-based air carrier Asiana Airlines announced that it narrowed its 2020 operating and net…
Boeing reports huge quarterly loss, 777X launch delayed to late 2023
Boeing reported a net loss of $8.42 billion in the fourth quarter of 2020. Throughout the year, the…
Wizz Air expects 2021 to be “transition year out of crisis”
The ultra-low-cost carrier Wizz Air expects 2021 to be a transition year out of the Covid-19 crisis. Despite…
American Airlines posts $8.9 billion loss in challenging 2020
Affected by the drop in demand due to the COVID-19 pandemic, American Airlines (A1G) (AAL) reported a net…
Southwest Airlines reports first annual loss in 48 years
On January 28, 2021, Southwest Airlines (LUV) reported its first annual loss of $3.1 billion since 1972, as…
After third straight quarterly loss Air Canada cuts flights
Air Canada (ADH2) reported a loss of $526 million in its third-quarter financial results. Plans to reduce costs…
American Airlines posts $2.4 billion net loss, cuts cash burn
American Airlines Group, the holding company of American Airlines (A1G) (AAL) (AA), announced a $2.4 billion loss in…
JetBlue announces $450m loss, revenue dropped by 90%
The United States-based low-cost carrier JetBlue (JBLU) was another American airline with unsurprising yet depressing news for their…
Aeroflot revenue falls 85% in Q2, all hopes on domestic flights
Aeroflot, major Russian airline group, announced their second-quarter 2020 results, and they are on par with the rest…
Eithad remains optimistic despite massive losses and job cuts
Etihad, United Arab Emirates’ second-largest carrier and one of the Middle East’s “big three”, remains optimistic about its…
Qantas reports “devastating” financial year due to A380 write-off
FY2020 was devastating for Qantas Group, whose financial results attribute more than half of its almost $2 billion…
Azul showcases $186 million cash increase amid losses
Brazilian airline Azul (AZUL) revealed a net increase in cash during Q2 FY2021 while avoiding any new loans.The…
Air Arabia’s 2020 loses reach $46 million
Air Arabia said it witnessed the full impact of the global COVID-19 pandemics within the past three months,…
How Korean Air used pandemic to generate profit
Korean Air, the flag carrier of South Korea, became the first airline to disclose that it managed to…
Embraer pushes back E175-E2 introduction to 2023
In a financial statement released on August 5, 2020, Embraer reported second-quarter losses and a steep drop in…