Tag Archives: loss

Etihad Airways records US$1.7bn loss for 2020 | News

Etihad Airways records US$1.7bn loss for 2020 | News

Etihad Airways has reported an working lack of US$1.7 billion for monetary 2020, accelerating the losses of US $0.eight billion seen final 12 months. The Abu Dhabi flag-carrier blamed the Covid-19 for its deteriorating fortunes. The airline noticed a 76 per cent fall in passengers carried all year long, all the way down to 4.2 […]

International Airlines Group reports €7.4bn loss for 2020 | News

International Airlines Group reports €7.4bn loss for 2020 | News

Worldwide Airways Group has reported a lack of €7.four billion for monetary 2020 because the Covid-19 pandemic wrought havoc within the aviation sector. The losses embrace expenses for distinctive gadgets referring to gasoline and foreign money hedges, early fleet retirement and restructuring prices. The determine is compared to a revenue of €2.6 billion in 2019. […]

Air France-KLM reports loss of €7.1bn for 2020 | News

Air France-KLM reports loss of €7.1bn for 2020 | News

Air France-KLM has reported a lack of €7.1 billion for monetary 2020 as the worldwide Covid-19 pandemic grounded worldwide journey. Passenger numbers fell 67 per cent final 12 months, the airline stated in a press release earlier, whereas income fell 59 per cent in comparison with the earlier 12 months. Benjamin Smith, chief government of […]

Delta reports $15.6bn loss for financial 2020 | News

Delta reports $15.6bn loss for financial 2020 | News

Delta Air Traces has reported a pre-tax lack of $15.6 billion for monetary 2020, representing a loss per share of $19.49 on whole income of $17.1 billion. Within the December quarter alone, the provider noticed pre-tax losses of $1.1 billion. “Our December quarter outcomes capped the hardest 12 months in Delta’s historical past,” stated Ed […]

Travel slump sees Gatwick report loss for early 2020 | News

Travel slump sees Gatwick report loss for early 2020 | News

Regardless of an encouraging begin to the yr passenger numbers at Gatwick fell by 66 per cent within the first six month ended June 30th This was largely as a result of influence of Covid-19. The airport remained open all through the pandemic; nonetheless all income streams had been impacted and the collapse in passenger […]

Marriott records second quarter loss but eyes green shoots | News

Marriott records second quarter loss but eyes green shoots | News

Marriott Worldwide has reported a second quarter internet lack of $234 million, in comparison with a internet revenue of $232 million in similar interval a year-ago. The second quarter adjusted internet loss totalled $210 million, in comparison with second quarter 2019 adjusted internet revenue of $525 million. Comparable systemwide fixed greenback RevPAR declined 84.Four per […]

Cruises suspension pushes Norwegian to second quarter loss | News

Cruises suspension pushes Norwegian to second quarter loss | News

Norwegian Cruise Line noticed income fall to simply $16.9 million within the three months to June 30th, because the sector got here to a digital standstill through the coronavirus pandemic. The figures evaluate to income of $1.7 billion recorded for a similar interval of 2019, with the cruise big having fully suspended voyages within the […]

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM has reported a €1.5 billion loss for the second quarter because the Covid-19 continues to take an enormous toll on the worldwide aviation sector. This compares to a revenue of €1.9 billion for a similar interval final yr. Nonetheless, in an indication the worst is likely to be over, the group stated it […]

Collapse in traffic pushes IAG to second quarter loss | News

Collapse in traffic pushes IAG to second quarter loss | News

Worldwide Airways Group has reported an working lack of €1.three billion earlier than distinctive objects for the second quarter, in comparison with a revenue of €960 million final yr. The group – which owns British Airways, Aer Lingus, Iberia and Vueling – stated passenger visitors fell by 98 per cent through the interval, when the […]

Trip.com slumps to Covid-19 induced loss in first quarter | News

Trip.com slumps to Covid-19 induced loss in first quarter | News

Journey.com Group has reported a $754 million loss within the first quarter because the coronavirus pandemic disrupted world journey. For the three months to March 31st, the China-based journey operator recorded a internet lack of 5.Four billion yuan ($754 million), down from a internet earnings of 4.6 billion yuan in the identical interval final yr. […]

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