Data & Financials

SAS A350 in new livery

Article Nov 11, 2019

SAS raises full-year guidance

Scandinavian Airlines (SAS) now expects to make a pre-tax profit for its current financial year, an improvement on earlier forecasts.

Article Nov 8, 2019

Juneyao Air increases 9 Air stake; reports 3Q profit decline

Shanghai-based Juneyao Air has announced that it has increased its stake in subsidiary LCC 9 Air from 83.3% to 95.2%.

Article Nov 8, 2019

IAG cuts capacity growth; still forecasts strong margin

British Airways parent company International Airlines Group (IAG) is cutting planned capacity growth by more than half over the next three years and taking over responsibility for many of its airline unit corporate functions.

Article Nov 7, 2019

Jazeera Airways 9-month net profit up 90% on network expansion

Jazeera Airways increased its net profit for the first nine months of 2019, as the hybrid carrier said it continues to expand its network based on “solid” operations.

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Article Nov 7, 2019

Austrian Airlines retrenches in face of ‘brutal’ LCC competition

Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months and warned of a possible loss for the financial year.

Article Nov 7, 2019

SWISS nine-month earnings down on fuel, maintenance costs

Swiss International Air Lines (SWISS) posted adjusted earnings before interest and tax (EBIT) of CHF490 million ($493.5 million) for the first nine months, down 11% from CHF549 million a year ago.

Article Nov 7, 2019

Lufthansa makes fleet, cost-cutting plans on declining profit margins

Faced with declining profit margins, Lufthansa Group is making cuts to fleet investments, and accelerating aircraft retirements and cost reduction measures.

Article Nov 7, 2019

Emirates 1H net income soars, but warns of headwinds

Emirates Airline saw its net profit nearly quadruple in the first half of its financial year, but warned that stiff competition would put pressure on the aviation industry in the second half.

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Article Nov 6, 2019

Norwegian raises new capital with share sale, bond issue

Norwegian Air Shuttle has raised NOK2.5 billion ($273 million) through a share sale and bond issue, leaving it “fully funded through 2020 and beyond,” the LCC said.

Article Nov 5, 2019

SIA Group 1H net profit up 5.1% despite wider subsidiary losses

Singapore Airlines (SIA) Group reported a 5.1% net income gain for the half-year ended Sept. 30, but widened losses at its subsidiaries kept the improved financial performance in check.

Vietnam Boeing 787-9

Article Nov 5, 2019

Vietnam Airlines’ 9-month profit nears full-year target

The Vietnam Airlines group announced a net profit before tax (PBT) of VND3.3 trillion ($142 million) for the first nine months of 2019, up 35.7% year-on-year (YOY), which accounts for 97.9% of the carrier’s annual target.

Garuda Indonesia Boeing 777-300ER

Article Nov 5, 2019

Garuda Indonesia returns to profit on hedging, cost reductions

Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year.

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Rendering of A330-900 in Cebu Pacific livery

Article Nov 4, 2019

Cebu Pacific firms 16 A330neo order for Middle East, Australian routes

Philippines LCC Cebu Pacific Airways has inked a firm order with Airbus for 16 A330-900s, solidifying the MOU signed at the Paris Air Show in June this year.

Article Nov 4, 2019

Eurocontrol: MAX grounding impeding traffic growth

The grounding of the Boeing 737 MAX is having a modest but “not insignificant” impact on air traffic in Europe, according to Eurocontrol.

Article Nov 4, 2019

Eurocontrol: MAX grounding impeding traffic growth

The grounding of the Boeing 737 MAX is having a modest but “not insignificant” impact on air traffic in Europe, according to Eurocontrol.

Article Nov 4, 2019

Ryanair 1H net income flat; warns of slower growth on MAX delays

Ryanair posted a flat net profit of €1.15 billion ($1.28 billion) for the first half of its 2020 fiscal year and lowered its 2021 growth outlook because of the delayed deliveries of its Boeing 737 MAX aircraft.

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