Tag Archives: loss

Carnival reports huge fourth quarter loss | News

Carnival reports huge fourth quarter loss | News

Carnival Company has reported a internet lack of $2.2 billion for the fourth quarter of economic 2020. The end result comes because the Covid-19 disaster continues to take its toll on cruising and plenty of Carnival-owned manufacturers – together with Holland America Line and Princess Cruises – have been compelled to delay a return to […]

Emirates Group slumps to US$3.8bn six-month loss | News

Emirates Group slumps to US$3.8bn six-month loss | News

Emirates Group has introduced a internet lack of AED14.1 billion (US$ 3.eight billion) for the primary six months of monetary yr. The determine is down from a revenue of AED862 million (US$ 235 million) for a similar interval final yr. The group – which incorporates Emirates Airline and dnata – reported income of AED13.7 billion […]

American Airlines reports huge loss for third quarter | News

American Airlines reports huge loss for second quarter | News

American Airways has reported third-quarter income of $3.2 billion, down 73 per cent year-over-year on a 59 per cent year-over-year discount in whole accessible seat miles. The US large confirmed a pre-tax lack of $3.1 billion for the three-month interval. Excluding internet particular objects, the third-quarter pre-tax loss stood at $3.6 billion. “Throughout the third […]

easyJet expects to report first ever full-year loss | News

easyJet holidays to relaunch in August | News

easyJet has revealed it expects to report a gaggle headline loss earlier than tax within the vary of £815 to £845 million for monetary 2020.  The determine might fall to round £440 when non-headline objects – together with hedging, a restructuring programme, impairment of short-term lease contracts and beneficial properties from sale and lease again […]

Travel slump sees Gatwick report loss for early 2020 | News

Travel slump sees Gatwick report loss for early 2020 | News

Regardless of an encouraging begin to the 12 months passenger numbers at Gatwick fell by 66 per cent within the first six month ended June 30th This was largely because of the impression of Covid-19. The airport remained open all through the pandemic; nevertheless all income streams had been impacted and the collapse in passenger […]

Covid-19 drives Rolls Royce to huge loss | News

Covid-19 drives Rolls Royce to huge loss | News

Rolls Royce has reported a loss earlier than tax of £5.four billion for the primary half of monetary 2020 because the Covid-19 pandemic takes an enormous toll on the aviation sector. Underlying income fell to £5.6 billion, down 24 per cent, whereas reported income stood at £5.eight billion, down 26 per cent. The corporate confirmed […]

Marriott records second quarter loss but eyes green shoots | News

Marriott records second quarter loss but eyes green shoots | News

Marriott Worldwide has reported a second quarter internet lack of $234 million, in comparison with a internet earnings of $232 million in identical interval a year-ago. The second quarter adjusted internet loss totalled $210 million, in comparison with second quarter 2019 adjusted internet earnings of $525 million. Comparable systemwide fixed greenback RevPAR declined 84.Four per […]

Cruises suspension pushes Norwegian to second quarter loss | News

Cruises suspension pushes Norwegian to second quarter loss | News

Norwegian Cruise Line noticed income fall to only $16.9 million within the three months to June 30th, because the sector got here to a digital standstill throughout the coronavirus pandemic. The figures evaluate to income of $1.7 billion recorded for a similar interval of 2019, with the cruise large having fully suspended voyages within the […]

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM has reported a €1.5 billion loss for the second quarter because the Covid-19 continues to take an enormous toll on the worldwide aviation sector. This compares to a revenue of €1.9 billion for a similar interval final yr. Nevertheless, in an indication the worst could be over, the group stated it hopes to […]

Collapse in traffic pushes IAG to second quarter loss | News

Collapse in traffic pushes IAG to second quarter loss | News

Worldwide Airways Group has reported an working lack of €1.three billion earlier than distinctive objects for the second quarter, in comparison with a revenue of €960 million final yr. The group – which owns British Airways, Aer Lingus, Iberia and Vueling – stated passenger visitors fell by 98 per cent in the course of the […]

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