American Airlines Expects Pre-Tax Loss Of Up To $1.2 Billion

American Airlines released an investor update covering the fourth quarter of 2021. While the recovery has continued, American expects its revenue to still be down compared to 2019, with an expected net... Read more »

TAP Air Portugal To Get €2.5 Billion Following EU Green Light

Under the EU State aid rules, the European Commission has approved €2.55 billion ($2.88 billion) in aid for struggling Portuguese national flag carrier TAP Air Portugal. A statement out of Brussels today... Read more »

AirAsia Wants To Pay Off 0.5% Of Its $8 Billion Debt

Struggling low-cost long-haul airline, AirAsia X is proposing to pay off just 0.5% of its $8 billion debt to its creditors ahead of its slate being wiped clean. The airline said that... Read more »

-$5.9 Billion: AirAsia X’s Losses Increase Eightfold Year On Year

AirAsia X has booked a massive US$5.9 billion loss for the three months ending June 30, 2021. It is an eight-fold increase on the loss in the same quarter last year and... Read more »

Airbus reports a EBIT €1.6 billion loss in the second quarter

Industrial system adjusted to new production levels, cash containment and business resizing on track H1 financials reflect COVID-19 impact mitigated by adaptation measures  Revenues € 18.9 billion; EBIT Adjusted € -0.9 billion,... Read more »