JetBlue Airways, a prominent US-based low-cost carrier, has revised its 2024 financial guidance, signaling adjustments in both revenue expectations and cost metrics. The airline now anticipates a 3.5% to 4.5% decline in revenue for the fiscal year, an improvement from its initial projection of a 4% to 5% drop. Concurrently, the Cost per Available Seat Mile (CASM) excluding fuel is expected…
Azorra (US) has announced that its corporate rating outlook has been revised from stable to positive by Fitch Ratings(US). Fitch Ratings has affirmed Azorra‘s Long-Term Issuer Default Rating (IDR) at ‘BB-’, reflecting the company’s improving business prospects and financial position.
Air Arabia has reported strong financial and operational results for the second quarter of 2025, reinforcing its market leadership as the Middle East and North Africa’s largest low-cost carrier. The airline recorded a net profit of AED 415 million for Q2, a slight 3% decrease compared to AED 427 million in Q2 2024. Quarterly revenue rose to AED 1.69 billion, a 2% increase year-on-year. Passenger…
Madagascar Airlines, the national carrier of Madagascar, has bolstered its regional operations with the addition of a new ATR 72-500. This latest acquisition brings the airline’s total ATR fleet to six, underscoring its commitment to enhancing connectivity across the island nation and neighboring regions.
Turkish Airlines, Turkey’s national flag carrier, has announced plans to expand its global network with new routes to Minneapolis and Auckland. The airline intends to commence flights to Minneapolis in April or May 2025, while the Auckland route will be introduced via Singapore, further enhancing Turkish Airlines’ connectivity across continents.
Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
