Virgin versus British Airways - who did better in 2021?
Virgin Atlantic has published a pre-tax loss figure of £594m for 2021. How did its performance compare to that of arch-rival, British Airways?
New trading guidance from Ryanair
Ryanair issued new guidance for its full year ending March 2022 today. The headline loss of between €350m and €400m still makes grim reading, but figures for March suggest that things may finally be looking up.
Divergent performance from Europe’s low cost carriers
As we enter the recovery phase for Europe’s aviation industry, how well are the big low-cost airlines doing and how well placed are they for the future?
An inflection point for the European network carriers
The European network airline groups are starting to recover after almost two years of catastrophic losses. What do their latest results tell us about how well they've weathered the crisis and their prospects going forward?
Low-cost airline hibernation skills
The last few months have been a truly terrible period for airlines in Europe. Which of the three big low-cost airlines did the best job of keeping losses to a minimum?
Another set of Virgin Atlantic accounts
Only four months after the publication of their 2019 accounts, Virgin Atlantic have filed their 2020 figures. What do they show and how do they compare to those at arch-rival British Airways?
Record losses for 2020 at IAG
IAG reported record losses for its 2020 financial year. How did its figures stack up against other European airlines and what are the prospects for 2021?
Digging around in Ryanair’s Q3 results
This week Ryanair reported record pre-tax losses of €345m for the December 2020 quarter. Guidance for the March 2021 quarter suggests that will be even worse. Figures buried deep within the balance sheet also revealed some very interesting insights about their recent financial dealings with Boeing.
easyJet’s miserable end to 2020
easyJet announced record-breaking pre-tax losses of £423m for the last quarter of 2020 as Europe was engulfed by the second wave of the pandemic. Next quarter looks even worse. I took a look at the results.
Virgin Atlantic finally publishes its 2019 accounts
At long last Virgin Atlantic have published their 2019 accounts. What do they show about the financial position of the airline going into the crisis, and what do they reveal about their plans to survive it?
Waiting for a vaccine: the big three European network airlines in Q3
All three of the big network airline groups in Europe made big losses in the third quarter. That is going to continue until we see a recovery in demand. We got some good news on that today, but which company coped best in Q3 and how are they doing getting themselves in shape for the future?
Assessing September quarter results from Wizz
Wizz reported its first half results this morning. I took a look at how they stack up against those of their arch rival, Ryanair.
Ryanair posts a profit for the September quarter
Excluding exceptional hedging costs, Ryanair became the first European airline to post a quarterly profit since the pandemic began. Impressive cost performance lay behind this achievement, putting other airlines on notice that they need to up their game.
Air France - KLM beats IAG and Lufthansa in Q3
Air France - KLM and IAG both reported their Q3 results today. How did they compare?
The end of the beginning?
More than six months into the crisis, the Q3 results for the big US airlines provide some perspective on how the industry is coping with the pandemic and the scale of the value destruction that has already taken place.
Lufthansa versus IAG, who did better in Q3?
IAG and Lufthansa have just shared the headlines of their upcoming Q3 results. What do they tell us about which is handling the crisis better?
easyJet posts first ever annual loss
easyJet released a trading update this week in which it provided guidance on the scale of what will be its first ever annual loss. The company said it lost over £800m pre-tax excluding one-offs, or £1.3 billion including them. The first of the European airlines to provide figures for trading for the July to September quarter, the picture they paint is not a happy one.
Outlook for European airline revenue in Q3
As we enter the final month of the third quarter, what can we say about how much revenue Europe’s airlines are likely to have earned when they report their next quarterly results?
Europe’s big airlines clear the first hurdle
With the second quarter results now in for all the big European airlines, how well did they manage the grounding phase and what kind of financial position are they each in for the restart?
Willie Walsh’s last IAG results
Willie Walsh presented his last set of IAG results before he heads off into retirement at the start of September. How well did the team at IAG do in bringing down costs and managing cash in the face of the worst airline downturn in the history of the industry?