Airline and Hotel Operating and Financial Reports

In a ‘Year Like No Other,” JetBlue Posts $1.4 Billion Annual Loss

In a ‘Year Like No Other,” JetBlue Posts $1.4 Billion Annual Loss

JetBlue Airways announced fourth quarter results for calendar year 2020.
The airline recorded a $1.4 billion loss for the year, compared to profit of $569 million for 2019.
The New York-based carrier posted a $381 million loss in the quarter, compared to a profit of $161 million in the same period in 2019.
“2020 was a year like no other, as the COVID-19 pandemic challenged our industry in ways we have never seen …

Southwest Airlines Reports First Annual Loss Since 1972, Posts Loss of $3.1 Billion

Southwest Airlines Reports First Annual Loss Since 1972, Posts Loss of $3.1 Billion

Southwest Airlines announced financial results for the fourth quarter and full-year results for the calendar year 2020.
The Dallas-based carrier reported a loss of $3.1 billion for the year.Total operating revenue plunged 64.9% to $2.01 billion.
In addition, the airline posted a $908 million loss for the fourth quarter, compared with a profit of $514 million in the same period in 2019.
Revenue fell 65% to $2.01 billion.
The airline said that current booking …

American Airlines Reports Record Loss of $8.9 Billion for 2020 Amidst Pandemic

American Airlines Reports Record Loss of $8.9 Billion for 2020 Amidst Pandemic

American Airlines announced fourth quarter and full-year results for the calendar year 2020.
The world’s largest airline reported a fourth-quarter loss of $2.2 billion, compared to a profit of $414 million in the same period the previous year.  For the full calendar year, American said it lost $8.9 billion, its biggest on record, amidst the coronavirus pandemic-induced decline in travel, compared to net income of $1.7 billion in 2019.
“Our fourth-quarter financial …

Hawaiian Airlines Posts $511 Million Loss in ‘Challenging Year’

Hawaiian Airlines Posts $511 Million Loss in ‘Challenging Year’

Hawaiian Airlines announced financial results for the fourth quarter of 2020 and the full calendar year.
The Honolulu-based carrier reported a $162.6 million loss for the quarter compared to a $49.7 million profit in the same period in 2019, and a $510.9 million loss for the full calendar year, compared to a $223 million profit year over year.
Calling 2020 “the most challenging year” that the airline industry has seen, the carrier …

Saying Covid Has Changed It Forever, United Airlines Posts $7.1 Billion Loss for 2020

Saying Covid Has Changed It Forever, United Airlines Posts $7.1 Billion Loss for 2020

United Airlines announced financial results for the fourth quarter of 2020 as well as for the full calendar year.
The Chicago-based airline recorded a net loss of $1.9 billion in the quarter, compared with a profit of $641 million in the same period in 2019.
The carrier also reported a $7.1 billion loss for the year.
The airline said it expects 2021 to be a year of transition “focused on preparing for a …

Frankfurt Airport Reports ‘Historic Low’ in Passenger Traffic for 2020

Frankfurt Airport Reports ‘Historic Low’ in Passenger Traffic for 2020

Fraport AG, the operator of Frankfurt Airport, announced traffic figures for the calendar year 2020.
Passenger traffic at Frankfurt fell to a “historic low” amidst the travel-induced downturn in the coronavirus pandemic, the company said, but Fraport expects an improvement before the end of the year.
“We expect Frankfurt’s passenger traffic to rebound noticeably in the second half of 2021,” said Stefan Schulte, Fraport’s CEO.
Passenger traffic was 18.8 million passengers for …

Delta Reports Record Loss of $12.4 Billion in 2020

Delta Reports Record Loss of $12.4 Billion in 2020

Delta Air Lines announced financial results for fourth quarter of 2020 as well as for the calendar year.
The Atlanta-based carrier posted a net loss of $12.4 billion in 2020 amidst the coronavirus pandemic-induced decline in travel.  The airline also reported a $755 million net loss in the fourth quarter compared with a $1.1 billion profit in the same period in 2019.
The airline expects a “stronger” 2021, as coronavirus vaccinations start …