Tag: results

Consequences of Corona pandemic have a considerable impact on Lufthansa result

Reading Time: 6 minutes The collapse in demand for air travel due to the Corona pandemic led to an 80 percent drop in revenue for the Lufthansa Group in the second quarter to 1.9 billion euros (previous year: 9.6 billion euros). Most of the revenue (1.5 billion euros) was generated by Lufthansa Cargo and Lufthansa Technik. The Lufthansa Group […]

Aeroflot Reports Half-Year Net Profit Plunge

Reading Time: < 1 minute Russian flag carrier Aeroflot has reported its net profit for the first half of 2017 at 872 million rubles ($14.4 million) according to the national accounting practices. The figure is 9.2 times less than for the same period last year. In the first six months of the year the airline’s income increased 2.1% year-on-year to […]

2016 Worst for CIS-Wide Flight Safety in 25 Years

Reading Time: 3 minutes The year 2016 was marked by the record-high number of aviation accidents in the past 25 years across the 12 CIS states which are party to the Civil Aviation and Airspace Use Treaty. The statistics are contained in a report issued by the Interstate Aviation Committee (CIS), which oversees the use and management of civil […]

American Airlines to Launch New Summer Routes from Six Hubs

Reading Time: 2 minutes American Airlines has revealed 26 new routes to be served from five of its hubs. In a memo to employees, American Airlines President Robert Isom praised the company’s achievements through this year — which includes seven days without a mainline flight cancellation and an improving revenue trend — before looking forward to the busy summer […]

Boeing Reports Third-Quarter Results and Raises Full Year Guidance

Reading Time: 3 minutes The Boeing Company reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP)* of $3.51 reflecting overall solid execution on production programs and services, favorable tax items ($0.98 per share), and timing of aircraft deliveries. Revenue guidance has been increased $500 million to between $93.5 and $95.5 billion on higher commercial […]