Financial

Bombardier has confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are US$6.0 billion. After deducting la Caisse de dépôt et placement du Québec equity position of US$2.5 billion, transaction costs, and including the impact from closing adjustments and

Southwest Airlines’ fourth-quarter 2020 total operating revenues decreased 64.9%, year-over-year, to US$2.0 billion, as a result of continued negative impacts on passenger demand and bookings due to the pandemic. Fourth-quarter 2020 operating revenue per ASM (RASM, or unit revenues) was 8.48 cents, a decrease of 40.8%, primarily driven by a load factor decline of 29.3

Rex shareholders have endorsed the airline’s investment deal with PAG to fund its domestic operations, starting on March 1. Shareholders voted to approve the deal at Rex’s Annual General Meeting on January 29. Under the deal, PAG Regulus Holdings will fund up to AU$150 million to be used exclusively to support the launch and operation

Alaska Air Group has posted a fourth-quarter 2020 GAAP net loss of US$430 million, compared to net income of US$181 million in 2019. Excluding the impact of payroll support program wage offsets, special items and mark-to-market fuel hedge adjustments, the company reported a fourth-quarter adjusted net loss of US$316 million compared to adjusted net income

Since the beginning of the COVID-19 crisis, United has raised over US$26 billion in liquidity and made important progress in reducing core cash burn to ensure the company’s survival. Over the last three quarters, the company has identified US$1.4 billion of annual cost savings and has a path to achieve at least US$2.0 billion in