South Korea’s Asiana Airlines reported a consolidated third quarter net loss of 386.19 billion won (US$327 million) compared with a net profit of 9.42 billion won in the same quarter last year. The company attributed the result to foreign exchange losses prompted by…
Boeing and SpiceJet have agreed to settle outstanding claims for the grounding of the 737 MAX fleet. SpiceJet is the U.S. manufacturer’s biggest customer in India. The settlement means Boeing can resume deliveries to the Indian LCC. In a statement, Spicejet said it was…
The well capitalised balance sheets and strong domestic exposure of China’s “Big Three” airlines make them advantageously positioned to make the most of strong post-COVID growth, a new analysis by HSBC Global Research writes. HSBC analyst, Parash Jain, was bullish in…
Cathay Pacific Airways expects its second-half results to be substantially improved over its first half after a strong cargo season moved the carrier closer to breaking even in the four months to October 31. However, the Hong Kong-based airline is still bracing…
