Air Serbia has announced plans to retire two Airbus A319 aircraft from its fleet following the summer 2025 travel season, as part of an ongoing fleet modernization initiative. The aircraft will be replaced by a mix of Embraer E195s and Airbus A320s, allowing the airline to optimize both capacity and operational efficiency.
Air China Cargo has expanded its freighter fleet with the delivery of one Airbus A330-200P2F, manufacturer serial number (MSN) 890, powered by Trent 772C-60 engines. The aircraft marks a continued commitment to fleet modernization and growth in the cargo segment.
Volaris reported a net loss of US$51 million for the first quarter of 2025, driven by a 12% decline in total operating revenue to US$678 million. The Mexican ultra-low-cost carrier also reported total liquidity of US$862 million, including cash, cash equivalents, and short-term investments.
Turkish Airlines reported a net loss of US$44 million for the first quarter of 2025 on revenues totaling US$4.88 billion. Despite the loss, the airline maintained a strong cash and cash equivalents position of US$2.3 billion, reinforcing its liquidity strength heading into the peak summer season.
SWISS concluded 2024 with a strong operating profit of US$828 million, supported by total annual revenues of US$6.7 billion. The fourth quarter alone contributed US$216 million in operating profit on US$1.69 billion in revenue, capping a successful financial year for the carrier.
PAL Holdings, the parent company of Philippine Airlines, reported a net profit of US$77 million for the first quarter of 2025, supported by a 2.5% revenue increase to US$834.2 million. The results underscore the group’s ongoing recovery momentum in the Southeast Asian aviation market.
Lufthansa Technik reported a 49.5% increase in adjusted EBIT to US$183 million during the first quarter of 2025, supported by a robust 18.4% growth in revenue to US$2.2 billion. The results reflect sustained recovery in global MRO (maintenance, repair, and overhaul) demand.
Lufthansa Group reported a 10% increase in revenue for the first quarter of 2025, reaching US$9.2 billion, while recording an adjusted EBIT loss of US$821 million. Despite the loss, the group maintained a strong liquidity position of US$12.9 billion.
LATAM Airlines delivered strong financial results for the first quarter of 2025, posting a 2.7% increase in total revenues to US$3.4 billion and a 37.6% rise in net income to US$355 million. The group’s liquidity position remained solid with US$2.1 billion in cash and cash equivalents.
JetBlue has reported a net loss of US$208 million for the first quarter of 2025, accompanied by a 3.1% drop in operating revenue to US$2.1 billion. The decline comes amid lingering cost pressures and softening demand on certain domestic U.S. routes.
