Tag Archives: loss

Air NZ flags big revenue loss from bubble pause

Air NZ flags big revenue loss from bubble pause

The post Air NZ flags big revenue loss from bubble pause appeared first on TD (Travel Daily Media) Travel Daily. Air New Zealand has forecast a bigger financial hit after New Zealand suspended its travel bubble with Australia. The airline on Wednesday forecast losses before significant items and tax to worsen from the previously stated […]

Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years

Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years

The post Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years appeared first on TD (Travel Daily Media) Travel Daily. Dubai-based Emirates airline posted a USD 5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic devastated the aviation industry. The carrier said it […]

Rex revises forecast to full-year loss

Rex offers USD49 Sydney-Melbourne fares, business class at USD199

The post Rex revises forecast to full-year loss appeared first on TD (Travel Daily Media) Travel Daily. Rex said on Wednesday (9 June) that it is now forecasting a full-year loss of AUD15 million due to ongoing lockdowns in various parts of Australia due to the COVID-19 pandemic. The airline, which is locked in a […]

Qantas reveals shocking AUD 1 billion six-month loss

Qantas reveals shocking AUD 1 billion six-month loss

The post Qantas reveals shocking AUD 1 billion six-month loss appeared first on TD (Travel Daily Media) Travel Daily. As the COVID-19 pandemic left a terrible horror mark in the aviation industry and proved to be a fatal blow, Qantas has now posted an underlying loss of AUD 1.1 billion (USD 858 million) in the […]

Etihad Airways reports staggering USD 1.7 billion loss

Etihad Airways reports staggering USD 1.7 billion loss

The post Etihad Airways reports staggering USD 1.7 billion loss appeared first on TD (Travel Daily Media) Travel Daily. Abu Dhabi’s national carrier Etihad has reported core operating losses of USD 1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. The […]

Qantas announces USD1.5 billion loss

Qantas announces USD1.5 billion loss

The post Qantas announces USD1.5 billion loss appeared first on TD (Travel Daily Media) Travel Daily. In a trading update on Thursday morning, Qantas revealed that it was preparing to see an annual loss of more than AUD2 billion (USD1.5 billion) in the 2021 financial year, following its half-year loss of AUD1.03 billion (USD800 million), […]

Singapore Airlines posts its first loss in 48 years

Singapore Airlines posts its first loss in 48 years

The post Singapore Airlines posts its first loss in 48 years appeared first on TD (Travel Daily Media) Travel Daily. The year that airline business was decimated by the COVID-19 pandemic, Singapore Airlines, reported a record full-year net loss of SGD 4.27 billion (USD 3.21 billion). In what SIA called its “toughest year in history”, […]

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