- Budget Carrier XL Airways Seeks Rescue Deal with Air France[Sep. 22, 2019]
French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.
- British Travel Firm Thomas Cook Collapses, Stranding Hundreds of Thousands[Sep. 23, 2019]
Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
- South African Airways Cash Injection Imminent But Says It Needs More[Sep. 18, 2019]
South Africa's cash-strapped national airline SAA says a government cash injection of 5.5 billion rand (US$376 million)approved for the 2019/20 financial year is expected at the end of the month but it still needs more money, a presentation to lawmakers showed on Wednesday.
- Qatar Airways Annual Loss Widens to US$639 Million amid Lingering Gulf Dispute[Sep. 18, 2019]
Qatar Airways reported a loss of 2.3 billion Qatari riyals (US$639 million) on Wednesday for the year ending March 31, as it grappled with the second year of an embargo by neighbors that has restricted its air routes and driven costs higher.
- State-Owned Carriers Report Lower Net Profit In First Half[Sep. 04, 2019]
State-owned Chinese carriers posted higher revenues in the first half of the year although net profits slipped because of the slower pace of travel demand along with the grounding of nearly 100 troubled B737 MAX aircraft and the postponed delivery of new jets.
- China's Top Airlines Brace for Smaller Profits on Slower Demand, Weak Yuan[Sep. 02, 2019]
China's top three airlines are bracing for a further margin squeeze as softer travel demand pressures passenger yields and a weakening yuan currency inflates costs, analysts said, as many of them slashed their annual profit forecasts for the carriers.
- China Eastern Airlines Revenue Up 8% in H1[Aug. 31, 2019]
China Eastern Airlines on Friday reported an 8-percent annual growth in its revenue in the first half of 2019.
- Qantas Group Posts Record Revenue, Strong Profit in FY19[Aug. 22, 2019]
The Qantas Group has achieved an Underlying Profit Before Tax of A$1.30 billion and a Statutory Profit Before tax of A$1.27 billion for the Financial Year 2019.
- Air New Zealand Eyes Further Cost Savings As Profits Dip 31%[Aug. 22, 2019]
Air New Zealand reported a 31% fall in full-year profit on Thursday on the back of a higher fuel bill and warned that the national carrier would need to make further cost cuts in a low growth environment.
- Qantas Posts 17% Fall in Profit but Shares up As Buyback Announced[Aug. 22, 2019]
Australia's Qantas Airways Ltd posted a 17% fall in annual net profit, driven by fuel costs and a weaker Australian dollar, but cheered investors with a A$400 million share buyback and higher dividend.