Data & Financials

Article Aug 19, 2019

Norwegian to sell NOFI stake for $246 million

LCC Norwegian Air Shuttle has agreed to sell its entire shareholding in Bank Norwegian parent company Norwegian Finans Holding (NOFI) for NOK2.2 billion ($245.9 million), raising funds to reinvest in the airline.

Article Aug 19, 2019

IBA sees growing airline financial weakness

Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018.

Article Aug 19, 2019

Tigerair Taiwan to take 15 A320neos, earns $15 million in 2019 1H

Taiwan’s China Airlines (CAL) announced in a stock note that its LCC subsidiary, Tigerair Taiwan, will place an order for seven Airbus A320neos and lease a further eight.

Article Aug 19, 2019

Korean Air posts wider 2019 1H loss, looks to increase premium traffic

Despite robust passenger growth, higher costs and a weaker cargo market saw Korean Air’s net loss widen to 415 billion won ($343 million) in the six months through June 30.

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Article Aug 16, 2019

Turkish sees 2Q net profit decline on new airport move, MAX grounding

Turkish Airlines reported a 2019 second-quarter net income of $26 million, down 79.5% from a net profit of $127 million in the year-ago period.

Avianca Boeing 787-8

Article Aug 16, 2019

Avianca widens 2Q net loss on lower revenue, aircraft phase-out

Bogotá-based Avianca Holdings posted a 2019 second-quarter net loss of $408 million, widened from $35 million in the year-ago quarter.

Air Serbia A319

Article Aug 15, 2019

Air Serbia stays profitable in 2018 on business, network improvements

Air Serbia reported a €12.2 million ($13.9 million) net profit for 2018, down 22% from €15.7 million a year ago.

LATAM Boeing 787-9

Article Aug 15, 2019

LATAM narrows 2Q loss on increased passenger revenue

Chile’s LATAM Airlines Group narrowed its net loss to $63 million in the second-quarter, as rising passenger revenues were offset by the ongoing financial crisis in Argentina.

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Philippine Airlines A350-900

Article Aug 14, 2019

Philippine Airlines widens 2Q losses on higher costs

Philippine Airlines (PAL) reported a 2019 second-quarter net loss of PHP2.3 billion ($43.6 million), widened from a PHP173.4 million loss in the year-ago quarter.

Article Aug 13, 2019

Virgin Atlantic takes first A350-1000 for London-New York route

UK long-haul specialist Virgin Atlantic has taken delivery of its first Airbus A350-1000. The aircraft flew into London Heathrow Aug. 10 from Airbus’s Toulouse plant.

TUI Boeing 737 MAX 8

Article Aug 13, 2019

TUI Group sees 3Q net profit decline on MAX grounding

Hanover, Germany-based TUI Group has seen a negative financial impact by the global Boeing 737 MAX grounding as well as delayed bookings for the 2019 third quarter (April-June).

Thai Airways Boeing 787-8

Article Aug 12, 2019

Thai Airways more than doubles 2Q net loss on softening tourism market

Thai Airways reported a net loss of THB6.9 billion ($223.8 million) for the June quarter, more than double the THB3.1 billion loss in last year’s second quarter.

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Copa Airlines Boeing 737-800

Article Aug 12, 2019

Copa sees strong 2Q on improved demand, higher revenue

Panama-based Copa Holdings Ltd. had a robust 2019 second quarter, despite headwinds from the grounding of the Boeing 737 MAX.

Air Arabia A321neoLR

Article Aug 9, 2019

Air Arabia boosts 1H profit 47% on strong demand

Gulf LCC Air Arabia substantially improved its half-year profits, despite continuing economic and geopolitical pressures in the region, the airline said.

Data Table Aug 8, 2019

World Airlines Financial Results Second Quarter 2019

Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses, operating margins and net income/losses for each airline's 2019 fiscal second quarter or equivalent.

ATR signing

Article Aug 8, 2019

Angolan carrier Bestfly takes first ATR turboprop for expansion

Angolan operator Bestfly has taken delivery of the first of two ATR 72-600 turboprops as the company prepares to expand into corporate charter and shuttle services.

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