Finance
Discover the latest financial news in the aviation industry, including quarterly and annual reports, earnings updates, and financial performance of airlines.
Cebu Pacific Q1 revenue jumps 148% to P6.71-billion from year-ago
Cebu Pacific, the Philippines’ leading carrier, faced headwinds in January and February as COVID cases surged again due to Omicron. This led the...
Cebu Pacific reports P24.9-billion net loss in 2021
On Wednesday, Filipino low-cost carrier Cebu Pacific Air announced a net loss of Php 24.9 billion for full year 2021 amid last year’s...
PAL emerges from Chapter 11 bankruptcy
National flag carrier Philippine Airlines announced on New Year’s Eve that the airline has emerged from its voluntary Chapter 11 proceedings and is...
AirAsia Group gets approval for a MYR 500 million government-backed loan
As it continues to mount its recovery, Malaysia’s AirAsia Group announced it has received approval for a 80% guaranteed loan backed up by...
Thai AirAsia turns to crowdfunding to help in fundraising efforts
With the COVID-19 pandemic still continues to impact global airlines especially in Asia, Thai AirAsia is turning to the public to help provide...
PAL files for Chapter 11 Bankruptcy Protection; flights continue
As the pandemic continues to affect the aviation industry while numerous travel restrictions are still in place, the national flag carrier and Asia’s...
Cebu Pacific’s first-half cargo revenues up 27% from year ago
Cebu Pacific (CEB), the Philippines’ leading carrier, reported a 27 percent growth in cargo revenues in the first half of 2021 versus the...
PAL files billions in losses, returns several planes
After numerous lockdowns that affected the aviation industry and caused a downturn in travel demand, PAL Holdings, the operator of national flag carrier...
Thai airline group seeking THB 5 billion in government assistance
As the current COVID-19 situation continues to impact the aviation industry in Thailand and Southeast Asia, a group of seven Thai-based airlines are...
Thai Airways wins court approval for restructuring plan
Thai Airways won court approval for its rehabilitation plan to help restructure its THB 400 billion debt (~USD $12.8 billion) in a bid...
