Despite talks of a recession in the broad economy amid record inflation, fluctuating fuel prices, or even a hard to fix workforce challenges, the commercial airlines market is still booming.
Airline still suffered loss of $408 million in final quarter of 2021.
In its third-quarter earnings call Friday, Embraer said that despite posting a loss for the quarter, it expects 2021 to be the company’s first profitable year since 2017, beating its own expectations. The $45 million, third-quarter loss the company reported is a stark improvement year-to-date, compared to the $121 million loss reported for the third […]
Editor’s Note: This article originally appeared on FreightWaves.com. Cargo and domestic leisure travel were United Airlines’ strong suit in the third quarter as the carrier just missed returning to profitability despite better-than-expected results. Cargo revenue soared 84 percent to $519 million compared to 2019, setting a record for the three-month period. For the first nine […]
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