Zephyrnet Logo

Tag: cash burn

Air New Zealand records NZ$185m loss before tax

The business also revealed it has now drawn down $350 million of its NZ $900 million government loan, but has reduced monthly cash...

Norwegian Air terminates deal with Airbus as talks continue with Boeing

Last year, Norwegian Air Shuttle entered bankruptcy protection both in Ireland and in Norway. Now as the airline undergoes a major restructuring process,...

Alaska Airlines Signals Improving Recovery by No Longer Offering Updates on Cash Burn

Read the Complete Story On Skift Source: https://skift.com/emb_snippet/alaska-airlines-signals-improving-recovery-by-no-longer-offering-updates-on-cash-burn/

Why Air Canada Is Leaning Into a Covid Testing Mandate as Other Airlines Balk

Air Canada is lobbying hard for mandatory Covid-19 testing for air travelers to and in its namesake country, even as its peers in...

Southwest’s Streak Ends as Airline Posts First Loss in Half a Century

Richard Nixon was president, Don McLean’s American Pie was on top of the charts, and “stewardesses” wore hot pants the last time Southwest...

American Airlines May Furlough Staff Again as Travel Recovery Lags

American Airlines CEO Doug Parker stood steps from the U.S. Capitol just four months ago, calling on Congress to provide billions of dollars...

Southwest Airlines offers employees voluntary leave once again to cut costs

Dallas-based carrier, Southwest has announced that it will be giving more employees the option to take a leave of absence, as the company...

Alaska Airlines’ Incoming CEO Hopes Vaccines Ease a Turbulent Initiation

Incoming Alaska Airlines CEO Ben Minicucci will take the helm in March in perhaps one of the strangest years in the century-long history...

Cathay Pacific passenger traffic down 87% in 2020

Hong Kong-based carrier, Cathay Pacific has released its traffic figures for December 2020 and they are certainly a cause for concern when compared...

Knowing — and Sharing — Your Zero Cash Date

One of the most important operating metrics in your SaaS start-up, if you aren’t predictably cash-flow positive, is your Zero Cash Date (“ZCD”). You...

Air Canada Outlines Route Cuts: Many Caribbean, Hawaii and Europe Flights Suspended

From TravelPulse Canada – link to source story JIM BYERS  JANUARY 14, 2021 The pandemic and ongoing travel restrictions are forcing Air Canada...

Air Canada to Cut Capacity

Air Canada is one of many airlines that has been hurt by the Covid-19 pandemic. Air Canada will cut its capacity by 25%...

Latest Intelligence

spot_img
spot_img