Air France-KLM Reports 4Q 2024 Revenue Increase and Net Loss

ByAdmin 06/03/202511/03/2025

Air France-KLM, the Franco-Dutch airline group, reported a 6.4% increase in fourth-quarter (4Q) 2024 revenues, reaching US$8.4 billion. Despite this revenue growth, the group recorded a net loss of US$22.4 million for the quarter. For the full year 2024, Air France-KLM achieved a 4.8% rise in revenues, totaling US$33.7 billion, with a net income of US$523.5 million. As of December 31, 2024, the group’s cash position stood at US$10 billion.

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Compass Cargo Airlines Launches Liege–Zhengzhou Route via Sofia

ByAdmin 05/11/202407/11/2024

Compass Cargo Airlines, a Bulgarian cargo carrier, has inaugurated a new route from Liege, Belgium, to Zhengzhou, China, with a stopover in Sofia, Bulgaria. The service, which began on 1 November 2024, is operated with a Boeing 747-400F, identified by serial number 26559. This addition to Compass Cargo’s network is expected to bolster cargo connectivity…

Financial

IATA Reports $1.7 Billion in Blocked Airline Funds

ByAdmin 11/12/202412/12/2024

The International Air Transport Association (IATA) has reported that $1.7 billion in airline funds remain blocked from repatriation by governments globally as of the end of October 2024. While this represents a marginal improvement from the $1.8 billion reported in April, the issue continues to pose significant challenges to airlines operating in affected markets.

Airlines | Financial | Lessor | Management

IAG CEO Awaits Decision on Air Europa Capital Increase

ByAdmin 09/11/202409/11/2024

IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.

Airbus | Airlines | Delivery | Fleet | Pratt & Whitney

VietJet Air Takes Delivery of A321neo

ByAdmin 29/11/202402/12/2024

VietJet Air (Vietnam) has expanded its fleet with the delivery of a new Airbus A321neo, identified by serial number 12241. The aircraft, powered by advanced PW1133G-JM engines, further strengthens VietJet Air’s commitment to efficiency and growth.

Airlines | Governments | Merger

Korea’s Fair Trade Commission and Transport Ministry to Oversee Korean Air-Asiana Merger Compliance

ByAdmin 11/03/202513/03/2025

In the wake of the Korean Air-Asiana Airlines merger, Korea’s Fair Trade Commission (KFTC) and the Ministry of Land, Infrastructure, and Transport (MOLIT) have formalized a business agreement to jointly monitor the implementation of corrective measures required as part of the merger approval process. This cooperation aims to ensure fair competition and compliance with aviation regulations following the integration of Korea’s two largest airlines.

Airlines | Financial | Quarterly Performance

Vietjet Reports 19% Revenue Growth and 564% Profit Surge in 9M 2024

ByAdmin 31/10/202403/11/2024

Vietnam’s low-cost carrier Vietjet Aviation announced impressive financial results for the first nine months of 2024, reflecting a strong recovery and growth trajectory. Consolidated revenue reached $2.05 billion, marking a 19% increase from the same period last year, driven by robust passenger demand across domestic and international routes. Consolidated after-tax profit surged by 564%, totaling…

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