Southwest increases cash cushion
Southwest Airlines has priced a new offering of 70 million shares of common stock at $28.50 per share – upsized from 55 million – and $2bn of convertible, five-year senior notes, at 1.250%, which was ...
Southwest Airlines has priced a new offering of 70 million shares of common stock at $28.50 per share – upsized from 55 million – and $2bn of convertible, five-year senior notes, at 1.250%, which was ...
Finnair has reported first quarter revenues down 16% to €561.2 million and also announced a rights issue for €500 million. Finnair's current assumption is that it will operate the current minimum netw...
BA is splashed across the front pages today with the announcement yesterday that it plans to shed 12,000 jobs (see European, Airline News below). The unions are claiming that BA has “jumped the gun” a...
The Air France-KLM Group and Air France has agreed the details of a €7 billion state aid package for the airline following several weeks of discussions with the French state and banking institutions. ...
The Latvian airline AirBaltic has set-out a revised business plan in response to COVID 19 which includes a smaller fleer in the near future. The new business plan, titled Destination 2025 CLEAN, focus...
The German and the Hessian state government have given a guarantee for a loan with €550 million from the federal government's Corona Shield Programme. Condor will receive a loan of €294 million as cor...
Copa Airlines has reported a 11.4% decline in total revenue to $595.5 million for the first quarter of 2020, with an expected operating profit of $98.7 million and operating margin of approximately 16...
A total of eight Thai carriers are seeking loans worth 25 billion baht (US$770 million) from the government to support their businesses during the COVID 19 pandemic, according to the chairman of Thai ...
The South African government is not able to put cash into South African Airlines, following the SAA’s decision to go into voluntary administration, according to a statement from the country’s Ministry...
Ailing Nordic carrier Norwegian is negotiating a $1.2 billion debt-for-equity swap with its bondholders as it looks to meet requirements to access the state aid package. Norwegian is looking to covert...
Flag carrier Lufthansa is set to run out of cash unless it is successful in its negotiations with the German government over an a €10 billion aid package. The firm made its statement as it reported a...
JetBlue Airways Corporation has completed negotiations with the US treasury over the carrier’s $936 million CARES aid package. As a result on April 23 the US Treasury disbursed the full amount to Jet...
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