“A challenging year” is how Trip.com Group has described its 2020, as the China-based travel giant reported annual revenues of $2.8 billion – down 49% on 2019.
Grupo Aeromexico's fourth quarter 2020 revenue reached $7.2 billion pesos, a 53.5% increase compared to the third quarter of 2020 and a 58.4% year-on-year decrease. During the quarter, revenue per ASK (RASK) in pesos increased by 10.0% compared to third quarter 2020 and decreased by 20.6% year-on-year.
The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year.
Fourth quarter 2020 revenue declined 67% year over year as a result of the impact of COVID-19.
The Company's fourth quarter 2020 total operating revenues decreased 64.9 percent, year-over-year, to $2.0 billion, as a result of continued negative impacts to passenger demand and bookings due to the pandemic.
Reported net loss for the fourth quarter and full year 2020 under Generally Accepted Accounting Principles (GAAP) of $430 million, or $3.47 per diluted share, and $1.3 billion, or $10.59 per diluted share. These results compare to fourth quarter 2019 net income of $181 million, or $1.46 per diluted share, and full year 2019 net income of $769 million, or $6.19 per diluted share.
Reported fourth-quarter net loss of $1.9 billion, $7.1 billion for the full-year 2020 – Reported fourth-quarter total operating revenue of $3.4 billion, down 69% versus fourth-quarter 2019
December quarter 2020 GAAP pre-tax loss of $1.1 billion and loss per share of $1.19 on total revenue of $4.0 billion
Copa Holdings reported a net loss of US$118.1 million or US$2.78 per share. Excluding special items, the Company would have reported a net loss of US$121.6 million, or US$2.86 per share.
Excluding special items, adjusted EBIT and EBITDA were US$ (45.3) million and US$ (0.6) million, respectively, negatively impacted by weak Commercial Aviation results, yielding adjusted EBIT margin of -6.0% and adjusted EBITDA margin of -0.1%