On The Up: Airbus Posts Strong Full-Year Financial Results For 2022
Last year saw the manufacturer's order intake boom.
Last year saw the manufacturer's order intake boom.
The airline said all the pieces are in place to restore capacity across its fleets.
Despite a poor performance, the airline said its unit revenue was amongst the best in the industry.
The relaxation of restrictions has catalyzed greater passenger traffic at the Japanese carrier.
With a narrow loss to end the year, the airline has a busy year ahead.
Last December's operational chaos cost Southwest a negative fourth quarter. However, the airline's full-year financial performance was strong.
After a profitable year, the carrier is confident it will achieve its 2023 financial performance targets.
The Atlanta-based airline closed the year with a $45.6 billion adjusted operating revenue.
Despite its current struggles, the carrier's passenger numbers are at their highest levels since the start of the pandemic.
The Emirates Group posted a loss of $1.6 billion for the same six months in 2021.
The carrier's passenger numbers are more than twice as high as they were last year.
The Japanese carrier is pleased with its results.
Overall revenue was up 1% compared to 2019, though Passenger revenue is still 1% lower than before the pandemic.
Southwest expects its increasing revenues to follow through Q4.
Hawaiian revealed the errors in an SEC filing on Friday.
As travel demand continues to rise, so do revenues.
The airline's profits this quarter are canceled out by its losses from the first half of 2022.
The Airbus A320 leases will be extended by four years until 2028.
Having resolved its issues with Boeing, the airline saw a net profit in Q2.
The airline expects passenger traffic to recover slower than originally forecasted in the second half of the year, as external factors linger.