Tag Archives: financial

Delta reports $15.6bn loss for financial 2020 | News

Delta reports $15.6bn loss for financial 2020 | News

Delta Air Lines has reported a pre-tax loss of $15.6 billion for financial 2020, representing a loss per share of $19.49 on total revenue of $17.1 billion. In the December quarter alone, the carrier saw pre-tax losses of $1.1 billion. “Our December quarter results capped the toughest year in Delta’s history,” said Ed Bastian, Delta […]

Steenbergen appointed chief financial officer at Lufthansa | News

Lufthansa to offer ‘negative only’ flights between German cities | News

Lufthansa has appointed Remco Steenbergen to the role of chief financial officer. Taking up the position at the start of January, Steenbergen will also take a seat on the executive board. After the resignations of Ulrik Svensson and Thorsten Dirks, Carsten Spohr, chairman of the executive board of Deutsche Lufthansa AG, took over the responsibilities […]

Dunn steps down from chief financial role at Gatwick | News

Dunn steps down from chief financial role at Gatwick | News

Gatwick chief financial officer, Nick Dunn, has stepped down from the role in order to take up a new career opportunity with CityFibre. He will assume the chief financial officer role with the alternative digital infrastructure provider. Dunn joined Gatwick in 2010, building up a strong finance team and playing a significant role in the […]

TUI Group appoints Ebel to chief financial officer role | News

TUI Group appoints Ebel to chief financial officer role | News

TUI is rearranging its group management, with Sebastian Ebel taking over as chief financial officer of the company. An experienced manager of many years’ standing with the company, he will move to the top of the finance division from January 1st. The supervisory board, headed by Dieter Zetsche, agreed on the changes at the annual […]

Virgin Atlantic takes latest step in financial restructuring | News

Virgin Atlantic takes latest step in financial restructuring | News

Struggling airline Virgin Atlantic has won approval for a financial restructuring. The five-year business plan, which has the support of shareholders Virgin Group and Delta, new private investors and existing creditors, paves the way for the airline to rebuild its balance sheet. Shareholders are providing £600 million in support, including a £200 million investment from […]

Qantas reports modest profit for financial 2020 | News

Qantas reports modest profit for financial 2020 | News

Despite what the carrier branded as the “most challenging period in its long history,” Australian flag-carrier Qantas has reported an underlying profit of AUS$124 million (£68 million) for the year to June 30th. The figure is, however, down 91 per cent on last year. This drop reflects a strong first half of the year (AUS$771 […]

United Airlines reports worst ever financial quarter | News

United Airlines reports worst ever financial quarter | News

United Airlines has confirmed the last three months have been the most difficult financial quarter in its 94-year history. The carrier reported a net loss of $1.6 billion, and an adjusted net loss of $2.6 billion, for the three months to the end of June. Total operating revenues were down 87 per cent year-over-year, on […]

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