Tag Archives: huge

Heathrow optimistic for year ahead despite huge losses | News

Travel sector calls for further support as new lockdown begins | News

Heathrow Airport has reported a loss of £2 billion for financial 2020 as Covid-19 restrictions saw travel come to a virtual standstill. In comparison, the London location made a profit of £546 million in 2019. Revenue fell from £3 billion to just £1.2 billion last year. Passenger numbers fell 73 per cent to just 22 […]

Heathrow sees huge fall in traffic during 2020 | News

Travel sector calls for further support as new lockdown begins | News

Heathrow saw passenger numbers fall by 73 per cent last year as Covid-19 restrictions took a huge toll on the aviation sector. In total 22 million people passed through the airport. In December, passenger numbers plummeted 83 per cent when compared to 2019, as fears about the new strain of Covid-19 meant countries shut their […]

IAG reports huge losses for third quarter | News

IAG reports huge losses for third quarter | News

International Airlines Group has reported an operating loss of €1.3 million for the third quarter, down from a profit of €1.4 million for the same three months last year. Passenger capacity operated at the group was down 79 per cent over the period when compared to 2019. Over the first nine months of the year, […]

American Airlines reports huge loss for third quarter | News

American Airlines reports huge loss for second quarter | News

American Airlines has reported third-quarter revenue of $3.2 billion, down 73 per cent year-over-year on a 59 per cent year-over-year reduction in total available seat miles. The US giant confirmed a pre-tax loss of $3.1 billion for the three-month period. Excluding net special items, the third-quarter pre-tax loss stood at $3.6 billion. “During the third […]

WTTC finds huge demand to travel next year | News

WTTC finds huge demand to travel next year | News

An overwhelming majority of US and Canadian travellers, as many as 99 per cent, are eager to travel again, with 70 per cent stating that they plan to take a holiday next year. That is according to a travel leaders group survey of nearly 3,000 frequent travellers. The survey was conducted in September in conjunction […]

Delta Air Lines reports huge quarterly losses | News

Delta Air Lines reports huge quarterly losses | News

Delta Air Lines has reported a pre-tax loss of $2.6 billion for the three months to the end of September. In addition, the carrier said it has incurred a further $4 billion in losses in from items directly related to the impact of Covid-19 and the its response, including fleet-related restructuring charges and charges for […]

UNWTO reveals huge cost of Covid-19 on global tourism | News

UNWTO reveals huge cost of Covid-19 on global tourism | News

The enormous toll of Covid-19 on international tourism has now become clear, with United Nations World Tourism Organisation (UNWTO) data showing the cost up to May was already three times that of the 2009 global economic crisis. As the situation continues to evolve, the United Nations agency has provided the first comprehensive insight into the […]

American Airlines reports huge loss for second quarter | News

American Airlines reports huge loss for second quarter | News

American Airlines has reported a pre-tax loss of $2.7 billion for the second quarter of financial 2020. Coupled with a ‘worst ever’ loss of $1.6 billion reported by United Airlines earlier in the week, the figures illustrate the huge toll the Covid-19 pandemic continues to take on the US aviation sector. “This was one of […]

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