Articles tagged “airline earnings”

Etihad Airways Has Amassed $4.8 Billion in Losses

Etihad Airways Has Amassed $4.8 Billion in Losses

Christopher Jasper, Bloomberg

Out of annual revenue of $5 billion, $4.8 billion in losses is a lot to have piled up over the years. State-backed Etihad must fix its business model built around both hubs in a volatile region and its investment stakes in troubled carriers.

1 week ago

U.S. Airline Earnings Show Race Between Rising Costs and Higher Revenues

U.S. Airline Earnings Show Race Between Rising Costs and Higher Revenues

Jay Shabat, Skift

U.S. airlines are still struggling to recoup their higher fuel and labor costs. But as their fourth quarter results showed, they’re making progress. How? With help from some strong revenue tailwinds.

1 month ago

Aeromexico Struggles as Most North American Airlines Report Hefty Profits

Aeromexico Struggles as Most North American Airlines Report Hefty Profits

Brian Sumers, Skift

Aeromexico blamed its fourth quarter operating loss on one-off items. To a large extent that's true. But the airline still has some looming problems, which is probably why it won't grow at all this year.

1 month ago

United Airlines Avoids Fuel Cost Hit to Earnings With Higher Ticket Prices

United Airlines Avoids Fuel Cost Hit to Earnings With Higher Ticket Prices

Brian Sumers, Skift

We told you United would probably turn things around on finances when it hired revenue whiz Scott Kirby back in August 2016. And look what's happening. Now, it's time for the airline to improve its customer service, too.

5 months ago

WestJet Takes First Loss in 13 Years Due to Fuel Costs and Labor Strife

WestJet Takes First Loss in 13 Years Due to Fuel Costs and Labor Strife

Frederic Tomesco, Bloomberg

WestJet was a consistently profitable Southwest Airlines clone for years. Then management and the board decided that money-making model wasn't enough. They added turboprops and widebody aircraft, and the airline started flying to Europe. That strategy could eventually work, but for now, WestJet is struggling.

8 months ago

Southwest CEO Says Assigned Seats Still Don’t Make Sense

Southwest CEO Says Assigned Seats Still Don’t Make Sense

Brian Sumers, Skift

You have to give Southwest Airlines CEO Gary Kelly credit. Analysts are constantly prodding him to embrace tried-and-true approaches for generating ancillary revenue. For the most part, he resists. He doesn't want to mess with the airline's secret sauce.

8 months ago

Can JetBlue Cut Costs and Maintain Margins While Fuel Prices Keep Rising?

Can JetBlue Cut Costs and Maintain Margins While Fuel Prices Keep Rising?

Brian Sumers, Skift

JetBlue is doing its best to ensure its cost-cutting approach won't affect passengers. But on the periphery, the airline's customers might notice some differences as JetBlue tries to remove $300 million in non-fuel cost by 2020.

8 months ago