Airline Operating and Financial Reports

Wyndham Sees 40% Plunge in Q3 Revenue and Net Income

Wyndham Sees 40% Plunge in Q3 Revenue and Net Income

Wyndham Worldwide, the world’s largest hotel chain, announced financial results for third quarter of 2020.
The company reported revenue of $337 million, down almost 40% from $560 million in the same period in 2019, citing the “continued uncertainty” amidst the coronavirus pandemic.
Net income was $27 million in the quarter, compared to $45 million, a 40% decline.
“Our teams continued sharp execution against our strategic and operating plans, allowed us to produce solid …

Boeing Posts $754 Million Third Quarter Loss

Boeing Posts $754 Million Third Quarter Loss

Boeing announced financial results for third quarter of 2020.
The company announced a non-GAAP loss of $754 million versus $895 million profit in Q3 2019 on revenue of $14.1 billion, a 29% decline from $19.98 billion in the same period in 2019.
“The global pandemic continued to add pressure to our business this quarter, and we’re aligning to this new reality by closely managing our liquidity and transforming our enterprise to be …

Hawaiian Airlines Records Loss of $97.1 Million in Q3

Hawaiian Airlines Records Loss of  $97.1 Million in Q3

Hawaiian Airlines’ parent Hawaiian Holdings announced financial results for third quarter of 2020.
On Tuesday, the company reported a third-quarter loss of $97.1 million, after reporting a profit of $274.3 million in the same period in 2019.
“The COVID-19 pandemic and State of Hawai’i quarantines continued to have a dramatic effect on our business in the third quarter,” said Peter Ingram, the airline’s CEO.
The airline said it has taken action to reduce …

JetBlue Reports 76% Fall in Revenue in Q3

JetBlue Reports 76% Fall in Revenue in Q3

JetBlue Airways announced financial results for the third quarter of 2020.
The New York-based airline’s revenue plunged by 76%, amidst the pandemic-induced drop in travel.  JetBlue did say that its original estimate was that revenue would fall by 80% in the period. Third-quarter capacity was down 58%.
The carrier said it expects revenue to be down only by 65% in the final quarter of the year.
JetBlue reported a pre-tax loss of $588 …

American Airlines, Southwest Report Deep Losses for Q3

American Airlines, Southwest Report Deep Losses for Q3

American Airlines and Southwest Airlines both announced financial results for the third quarter of 2020.
While both airlines lost billions of dollars, their reports showed slight improvement over the second quarter and were cause for cautious optimism even as the coronavirus pandemic shows no signs of releting.
American, the world’s largest airline, said it lost $2.8 billion excluding special items, a marked improvement from the $3.4 billion it lost in the Q2.
Southwest, …

United Airlines Sees 78% Drop in Revenue in Q3, Posts $1.8 Billion Loss

United Airlines Sees 78% Drop in Revenue in Q3, Posts $1.8 Billion Loss

United Airlines announced financial results for the third quarter of 2020.
The airline recorded $2.49 billion in revenue in the period, down 78% from $11.38 billion in the third quarter of 2019 after cutting capacity by 70% amidst the coronavirus pandemic.
The Chicago-based carrier posted a net loss of $1.8 billion for the period, compared to profit of $1 billion in Q3 2019.
The news comes on the heel’s of Delta’s report of …

Delta Posts Pre-Tax Loss of $6.9 Billion, Warns Demand ‘Remains Under Significant Pressure’

Delta Posts Pre-Tax Loss of $6.9 Billion, Warns Demand ‘Remains Under Significant Pressure’

Delta Air Lines announced financial results for third quarter of 2020.
The Atlanta-based carrier reported that revenue for the period fell by more than 75% from $12.56 billion a year ago to $3.06 billion in the three months ended September 30. Adjusted operating revenue in September was $2.76 billion, down 79% compared to the same period in 2019.
Delta’s president warned that it might be “two years or more” until the airline …