Austrian Airlines reported a revenue increase of 14% in the first quarter of 2025, reaching US$521 million, but still ended the quarter with a negative adjusted EBIT of US$126 million. This performance highlights the persistent challenges faced by European carriers during the traditionally weaker winter months.
Please SUBSCRIBE to view the full content.
Free trial available — 7 days on Monthly, 30 days on Annual!
Korean Air has cleared the final regulatory hurdle in its acquisition of Asiana Airlines (South Korea) by securing approval from the US Department of Justice (DOJ). With this milestone, Korean Air is set to finalize the transaction by 11 December 2024.
TAP Air Portugal, the nation’s flag carrier, is garnering significant attention ahead of its planned privatization in 2025. Among the interested parties is Humberto Pedrosa, a former shareholder and influential figure in TAP’s history, who has expressed readiness to reinvest in the airline.
Ruili Airlines, a China-based carrier, has expanded its fleet with the delivery of a leased Boeing B737-800, identified by serial number 40951. The aircraft is powered by CFM56-7B26E engines, ensuring reliability and efficiency for the airline’s operations.
UPS is preparing to take delivery of a Boeing 767-300ERF from Boeing, further reinforcing its position as one of the world’s largest and most reliable cargo operators. The aircraft, identified by MSN 67981, is powered by a pair of CF6-80C2B6F engines, a proven workhorse in the freighter sector known for reliability and performance.
Wizz Air Holdings (Hungary) has reported its financial results for the fiscal year ending 31 March 2025. The company’s total revenue increased by 3.8%, reaching US$6.0 billion. Despite this rise in revenue, Wizz Air’s net profit experienced a significant decline of 41.5%, dropping to $243.8 million. The carrier also reported a total cash position of $1.97 billionat the end of the period.
Singapore Airlines Group has reported passenger traffic for November 2024, carrying a total of 3.3 million passengers. Despite the increase in passenger numbers, the Passenger Load Factor (PLF) experienced a slight dip of 0.8 points, settling at 87%.
