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Ryanair sees record losses in wake of Covid-19

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 […]

Aegean losses reveal impact of Covid-19 on aviation sector

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 receives US$2bn bailout following Covid-19 losses

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 […]