Copa raises cash to offset costs
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...
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...
Alaska Airlines and Horizon Air finalized agreements today with the U.S. Treasury Department and accepted full disbursement of the agreed $992 through the Payroll Support Program (PSP) under the Coron...
Following yesterday’s release of the International Civil Aviation Organization’s (ICAO) air travel forecast projecting a 1.2 billion travellers drop and US$160bn to US$253bn in revenue losses for the ...
Japanese Airlines has cut its forecast for annual net profits by 43 percent because of COVID 19. With the pandemic hitting revenue from both domestic and international routes, JAL said net profit for ...
Spirit Airways has increased a previously announced revolving credit facility from $110 million to $135 million, the carrier revealed in an SEC filing. On March 30, Spirit Airlines entered into a seni...
American Airlines has finalised the details of its aid package from the US Treasury for the payroll financial assistance program as part of the Coronavirus Aid, Relief and Economic Security (CARES) A...
US benchmark futures prices for West Texas Intermediate (WTI) dropped to negative $37.63 a barrel before recovering yesterday, however this was due to technical factors rather than fundamentals and sh...
We're Social