Financial

The SIA Group has posted its financial performance for the first quarter FY2021/22. An increase in both passenger and cargo flown revenue resulted in Group revenue increasing by SG$444 million (+52.2%) year-on-year to SG$1,295 million. Cargo flown revenue grew by SG$214 million (+32.4%), as the calibrated resumption in passenger flights contributed to an increase in

International Airlines Group S.A (IAG), the parent company of carriers Aer Lingus, British Airways, IAG Cargo, Iberia, and Vueling, the LEVEL brand and Avios, the IAG reward program, has released consolidated results for the six months up to June 30, 2021. Passenger capacity in Q2 was 21.9% of 2019 and continues to be adversely affected

American Airlines and JetSMART, an ultra-low-cost carrier with principal operations in Chile and Argentina, have signed a letter of intent to create a broad network and a rewarding customer offering in the Americas. This proposed partnership would uniquely tie together the full-service, global presence of American with the complementary network of JetSMART in South America

Boeing Co’s shares rose 5% on the news that the American planemaker posted a first-quarter profit, the first in approaching two years. The company had been severely hit by two major crises, the COVID-19 pandemic and the grounding of its 737 MAX jet. As a consequence, previous plans to trim down the company’s workforce by

Airbus has reported consolidated financial results for the half-year (H1) ended June 30, 2021. Consolidated revenues increased 30% year-on-year to €24.6 billion (H1 2020: €18.9 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to H1 2020. A total of 297 commercial aircraft were delivered (H1 2020: 196 aircraft), comprising 21 A220s, 237

For the second quarter of 2021, Hawaiian Airlines has reported a net loss of US$6.2 million, and an adjusted net loss of US$73.8 million. The company reported total revenue of US$410.8 million, down 42% compared to the second quarter of 2019, on 30% lower capacity. Total operating expenses was US$392.3 million, and operating expenses excluding

JetBlue Airways has reported its results for the second quarter of 2021: The airline reported GAAP diluted earnings per share of US$0.20 in the second quarter of 2021 compared to diluted earnings per share of US$0.59 in the second quarter of 2019. Adjusted loss per share was US$0.65 in the second quarter of 2021 versus

COVID-19 continued to wreak havoc on Ryanair’s business during the first quarter of 2021, with most Easter flights cancelled and a slower-than-expected easing of EU Government travel restrictions into May and June. Significant uncertainty around travel green lists (particularly in the U.K.) and extreme Government caution in Ireland meant that first-quarter bookings were close-in [DD1] and at