Tag Archives: loss

Aegean slumps to full-year loss in Greece | Information

Aegean slumps to full-year loss in Greece | News

Greek airline Aegean has reported a pre-tax lack of €297 million for monetary 2020 because the Covid-19 pandemic took a toll on the aviation sector. The determine is compared to a revenue of €107 million for 2019. Dimitris Gerogiannis, chief govt of Aegean, commented: “Final yr was definitely probably the most tough yr in aviation […]

WTTC finds UK tourism suffered £148bn loss in 2020 | Information

Ovation Travel Group acquired by American Express Global Business Travel | News

The annual Financial Affect Report (EIR) from the World Journey & Tourism Council reveals that the dramatic collapse of the sector within the UK has worn out a staggering £148 billion from the financial system. The contribution of tourism to GDP within the UK dropped by a precipitous 62 per cent final yr, in accordance […]

Carnival experiences $2bn loss as return gathers tempo | Information

Carnival reports $2bn loss as return gathers pace | News

Carnival Company has reported a internet lack of US$2 billion for the primary quarter of 2021. The corporate was pressured to halt all sailings in March final 12 months because the Covid-19 pandemic unfold all over the world and has but to return in lots of markets. Nonetheless, Carnival stated the money burn charge within […]

Etihad Airways information US$1.7bn loss for 2020 | Information

Kamark departs as Etihad restructures operations | 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 yr. 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 million […]

Norwegian-parent studies of $2.2bn loss for full-year | Information

Norwegian-parent reports of $2.2bn loss for full-year | News

Norwegian Cruise Line Holdings has reported an adjusted internet lack of $2.2 billion for monetary 2020 after almost a yr out of the water. This compares to an adjusted revenue of $1.1 billion for 2019. The group – which owns Norwegian Cruise Traces, Oceania Cruises and Regent Seven Seas Cruises – halted all sailings in […]

Gatwick seems to be to restoration following £465m loss | Information

Dunn steps down from chief financial role at Gatwick | News

Passenger numbers at Gatwick fell 78 per cent within the yr to December because the Covid-19 pandemic closed borders around the globe. The airport remained open all through the pandemic; nevertheless, all income streams have been impacted, and the ability has reported a £465 million loss for the twelve-month interval. Gatwick Airport, chief govt, Stewart […]

Norwegian stories £1.4bn loss for fourth quarter | Information

Norwegian boosted by Christmas bookings by woes continue | News

Norwegian right now reported a web lack of NOK16.6 billion (£1.four billion) for the fourth quarter, together with impairment of NOK 12.eight billion. The working bills earlier than leasing and depreciation had been lowered by 82 per cent in comparison with the identical quarter final yr. In 2020, the corporate lowered web interest-bearing debt by […]

Worldwide Airways Group studies €7.4bn loss for 2020 | Information

Gatwick to introduce drop-off charges next month | 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 fees for distinctive objects referring to gas and forex hedges, early fleet retirement and restructuring prices. The determine is compared to a revenue of €2.6 billion in 2019. The […]

Air France-KLM stories lack of €7.1bn for 2020 | Information

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 yr, the airline stated in an announcement earlier, whereas income fell 59 per cent in comparison with the earlier yr. Benjamin Smith, chief govt of Air France-KLM, stated: […]

Boeing stories close to $12bn loss for 2020 | Information

United Airlines to launch Covid-19 testing trial | News

Boeing has reported a web lack of US$11.9 billion for monetary 2020, or a GAAP loss per share of $20.88, as the complete toll of the Covid-19 turns into clear. The determine is down from a revenue of US$636 million final 12 months, which was itself impacted by the grounding of the Boeing 737 Max […]

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