Cargolux, the Luxembourg-based all-cargo airline, reported a strong financial performance for 2024, with revenues climbing 12.9% year-on-year to $3.3 billion. More notably, the airline achieved a 56.6% increase in net profit, reaching $448 million, underscoring the carrier’s successful adaptation to a post-pandemic global cargo market.
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Sriwijaya Air, a prominent Indonesian airline, has expanded its fleet with the addition of a Boeing 737-800, identified by serial number 39390. This aircraft has been acquired on a wet lease from BBN Airlines Indonesia and is powered by CFM56-7B26 engines, known for their efficiency and reliability.
Ryanair Holdings, the prominent low-cost airline group based in Ireland, has reported an 18% decrease in after-tax profit for the first half of its fiscal year 2025, totaling $1.9 billion. This comes alongside a modest 1% increase in total revenue, which reached $9.4 billion. Despite the profit decline, Ryanair remains committed to its financial strategies,…
Porter Airlines (Canada) has announced the addition of a new route between Toronto Pearson International Airport (YYZ) and New York LaGuardia Airport (LGA), with flights set to commence on 1 May 2025. The airline will operate the route with the Embraer E195-E2, expanding its footprint in the Canada-US market.
Turkish Airlines, Turkey’s national carrier, has announced its financial results for 2024, reporting revenue of $22.5 billion and a net profit of $3.4 billion, marking a 17% increase compared to the previous year. The airline’s cash and cash equivalents reached $1.87 billion, underscoring its robust liquidity and financial stability.
Qatar Airways Cargo, IAG Cargo of the UK, and MAB Kargo of Malaysia have jointly announced plans to establish a Global Cargo Joint Business, subject to regulatory approvals. The alliance aims to enhance service offerings, expand global reach, and optimize capacity across the networks of the three cargo operators.
Air Belgium is set to further expand its cargo operations with the addition of two Boeing 747-400 freighters (B747-400Fs). This move comes following a recent acquisition, underscoring the airline’s commitment to strengthening its cargo capacity and enhancing its operational reach.
