Reading Time: < 1 minute Lufthansa Group has revealed that it had returned to profit for the third quarter of 2021, with a profit of €17 million. It reported a €1.3 billion loss for the same quarter last year. The airline has seen a significant increase in new bookings – it is already back at 80 percent of the pre-crisis […]

Reading Time: 2 minutes Southwest Airlines weathered hurricanes and a competitive fare environment to post a 29.6% year-over-year (YOY) net profit gain in the third quarter, and the Dallas-based carrier is confident about its prospects for 2018. Citing multiple hurricanes that affected key Southwest markets—costing the Dallas-based carrier $100 million in lost revenue—as well as the mass shooting in […]

Reading Time: < 1 minute Earlier this week shares in AirAsia fell by 1% on the release of disappointing Q2 net returns, with a 60% drop in net profit compared to Q2 2016. This result was mainly due to higher operating costs, predominantly 60% higher staff costs and 82% higher aircraft fuel expenses. Despite this result, the Kuala Lumpur-based Malaysian […]

Reading Time: 6 minutes Ryanair, Europe’s No. 1 airline, reported a 6% increase in full year net profit to €1.316bn. The combination of a 13% cut in average fares, coupled with Year 3 of the “Always Getting Better” (AGB) programme delivered 13% traffic growth to 120m customers, and an industry leading 94% load factor. Unit costs fell by 11% […]

Reading Time: 2 minutes Singapore Airlines Group (SIA) reported a FY2016-17 net profit of S$360 million ($259 million) for the fiscal year through March 31, down 55% from S$804.4 million in the previous year. SIA attributed the loss in part to the fourth-quarter net loss of S$138 million, reversed from a net profit of S$225 million in the FY2015-16 […]

Reading Time: 2 minutes On the back of what its CEO calls “an interesting year,” Air Arabia, the UAE’s only publicly listed airline, recorded a four percent drop in net profits during 2016. It’s a remarkably better result than any of the country’s other airlines that have announced their results, making Sharjah’s low cost carrier, arguably, the UAE’s best […]

Reading Time: < 1 minute United Airlines parent United Continental Holdings reported a full-year 2016 net profit of $2.3 billion, down 69.2% from net income of $7.3 billion in 2015. However, Chicago-based United’s 2015 earnings included a one-time $3.1 billion non-cash tax valuation benefit that skews year-over-year comparisons, especially since 2016’s earnings include a one-time tax expense of $1.5 billion. […]

Reading Time: < 1 minute Virgin America reported a $51.8 million net profit for the 2016 third quarter, down 27.9% from a $71.9 million net profit in 3Q 2015. During the quarter, the San Francisco-based carrier reportedly incurred $1.6 million in legal and professional costs related to the merger agreement with Seattle-based Alaska Air Group. Virgin America’s stockholders approved the […]

Reading Time: 2 minutes Chicago-based United Airlines parent United Continental Holdings reported a third-quarter net profit of $965 million, down 80% from a net income of $4.8 billion in the 2015 September quarter. According to United’s third-quarter performance report, in 2015, “after considering all positive and negative evidence, the company concluded that its deferred income taxes would more likely […]

Reading Time: < 1 minute Air Arabia continues its strong financial performance, announcing today a 3.5 percent increase in its H1 2016 net profit results compared to the same period last year. MENA’s largest low-cost carrier reported net profit of AED 245 million compared to the AED 237 million reported for the same period last year. The company’s turnover for […]