Ryanair has reported a full-year loss of €815 million for financial 2020 as the Covid-19 pandemic took a huge toll on the airline industry. The figure compares to a profit of €1 billion in the previous year, and is the largest annual loss ever reported by the low-cost carrier. The Irish airline carried just 27.5 […]
Jet2 has said it expects to lose £375-£385 million for the year to the end of March in the wake of the Covid-19 pandemic. In contrast, the leisure airline and tour operator made a profit of £264 million in 2019. The company currently plans to restart operations in late-June as the UK government reopens the […]
International Airlines Group (IAG) has reported a huge loss for the third quarter and confirmed it will make further capacity cuts for the rest of the year. Total revenue at the group – which owns British Airways, Aer Lingus and Iberia – declined by 83 per cent to €1.2 billion over the past three months, […]
Aegean has seen revenue slump 88 per cent in the second quarter, highlighting the stark impact of the coronavirus pandemic on the aviation sector. Consolidated revenue for the second quarter stood at just €40 million, down €307 million from the same period last year. Pre-tax losses (excluding extraordinary losses) stood at €59 million, against a […]
Qatar Airways has received around US$2 billion in state aid as the flag-carrier battles the fallout from the Covid-19 pandemic. Branding 2019/20 one of its “most difficult years,” the Middle Eastern airline noted it had also been hit by the ongoing blockade of Qatari airspace and the collapse of Air Italy in recent months. Changes […]
