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 […]
Tag Archives: huge
13
Jan
Jan
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 […]
01
Nov
Nov
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, […]
25
Oct
Oct
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 […]
14
Oct
Oct
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 […]
13
Oct
Oct
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 […]
28
Jul
Jul
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 […]
24
Jul
Jul
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 […]