Financial

Turkey’s AtlasGlobal low-cost airline has finally thrown in the towel and declared bankruptcy after a stop-start period that began on 26 November last year when it temporarily canceled all scheduled flights and stopped all booking of flights while it underwent restructuring. Scheduled flights resumed earlier than anticipated, on December 16, though charter flights using two

Finnair’s full-year 2019 revenue increased by 9.2% to €3,097.7 million (2,836.1), while unit revenue (RASK) decreased by 1.9%. Unit revenue at constant currency decreased by 2.4% and unit cost (CASK) increased by 0.7%. Unit cost at constant currency excluding fuel decreased by 1.2%. Fuel costs increased by €106.3 million (+18.3%) of which the impact of

For the fourth quarter 2019, Spirit’s total operating revenue was US$969.8 million, an increase of 12.4% compared to the fourth quarter 2018, driven by an 18.6% increase in flight volume.  Fourth quarter 2019 revenue includes approximately US$7.2 million of out-of-period revenue related to the reclamation of over-remitted Federal Excise Tax. Total operating revenue per available