Boeing reports operating loss in Q4
Boeing on Wednesday (25 January) said it suffered a US$650 million operating loss in the fourth quarter. The company blamed the unexpected loss on “abnormal production costs” as it tried…
FINANCE | Garuda Indonesia hopes to resume trading shares after issuance of $80 mln sukuk
Flag carrier Garuda Indonesia plans to issue around $80 million in Islamic bonds or sukuk this week, a move that will pave the way for its shares to be traded…
Ryanair reports record summer profit, sees ‘very strong’ recovery
Ryanair on Monday posted its largest ever after-tax profit for the first half of its financial year, which includes the key summer months, and said it expected to return to…
AirAsia to sell stake in AirAsia India and focus on ASEAN operations
AirAsia has agreed to sell its stake in AirAsia India in order to focus on operations in the southeast Asia region, giving Air India owner Tata full control of the…
Qantas claims that operations and finances are returning to normal
Qantas claims that its operations are back to the standards that consumers expect after a challenging few months that included cancellations and grounded planes, and that its financial condition is…
Lufthansa raises 2022 profit outlook on strong demand for air travel
Lufthansa raised its forecast for full-year adjusted operating profit to over 1 billion euros ($980.40 million) on Monday, boosted by strong demand for air travel that continued its post-COVID recovery.…
Southwest Airlines Reports Leisure Revenue Exceeding 2019 Levels
Southwest has upgraded its financial guidance, but the bottom line is it expects to be profitable in Q3, Q4 and for the full year 2022. Last week, Southwest Airlines signaled…
FINANCE | Air Serbia eyes profitability in 2022
Air Serbia anticipates breaking even or registering a small profit in 2022 following two years of Covid-induced financial losses. “Air Serbia has performed relatively well during the pandemic. In 2021…