Tag Archives: 12bn

Air-France-KLM reports €1.2bn loss for first quarter | News

Air-France-KLM reports €1.2bn loss for first quarter | News

Air France-KLM has reported a €1.2 billion loss for the first quarter of 2021. As government lockdowns to control Covid-19 continued across Europe, the group flew 4.8 million passengers during the quarter. The figure represents a fall of 73 per cent year-on-year. In a statement the carrier added: “Due to the stricter lockdown in France […]

Boeing reports near $12bn loss for 2020 | News

United Airlines to launch Covid-19 testing trial | News

Boeing has reported a net loss of US$11.9 billion for financial 2020, or a GAAP loss per share of $20.88, as the full toll of the Covid-19 becomes clear. The figure is down from a profit of US$636 million last year, which was itself impacted by the grounding of the Boeing 737 Max following two […]

Virgin Atlantic announces £1.2bn recapitalisation | News

Virgin Atlantic announces £1.2bn recapitalisation | News

Virgin Atlantic has taken a step toward securing its future, announcing plans for a recapitalisation. The move was necessary following the severe impact of the Covid-19 pandemic on the global economy, the carrier said. The five-year business plan, which has the support of shareholders Virgin Group and Delta, new private investors and existing creditors, paves […]

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