Bangkok Airways has announced a significant share repurchase initiative as part of its strategy to optimize capital allocation and reward its investors. The airline plans to repurchase 64 million shares valued at approximately $31 million, aiming to return excess liquidity to shareholders amid a stabilizing operating environment.
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Turkish Airlines has announced its performance statistics for October 2024, revealing a 2.9% decline in passenger numbers compared to the previous year, totaling 7.1 million passengers. Despite this decrease in traffic, the airline maintained a load factor (LF) of 82.7%, indicating stable occupancy on its flights. Additionally, the airline reported a 4.8% increase in Available Seat Kilometers (ASKs), reflecting expanded capacity and route offerings.
Ryanair CEO Michael O’Leary is set to receive shares worth an impressive $111 million as part of a performance-based incentive program. The payout comes after the company met a significant performance target, signaling the airline’s robust operational and financial health despite industry challenges.
Armenian Airlines has announced it will resume its Yerevan–Batumi service on December 26, 2024, providing travelers with a convenient route connecting Armenia’s capital with the popular Georgian coastal city. The airline will operate this route with an Airbus A321, a model well-suited for accommodating high passenger volumes with comfort and efficiency on short regional flights.
Skymark Airlines, based in Japan, has confirmed plans to order six additional Boeing B737-8 aircraft, with deliveries scheduled to occur after fiscal year 2030. This move will bring the airline’s total B737 MAX 8 commitment to 15 aircraft, reinforcing its ongoing narrowbody fleet renewal program.
Braathens Regional Airways (Sweden) has expanded its regional fleet by acquiring three additional ATR72 aircraft, further strengthening its wet lease partnership with SAS (Scandinavian Airlines). These aircraft will operate exclusively for SAS, supporting the airline’s regional network and operational flexibility.
EVA Air, a leading airline based in Taiwan, has reported impressive financial results for Q3 2024, showcasing significant growth in both revenue and net income. The airline’s revenue increased by 7.3% year-over-year to reach $1.76 billion, while its net income surged by 51%, totaling $276.3 million. These results underscore EVA Air’s strong operational performance and effective cost management strategies.
