TAP Air Portugal has successfully secured US$210 million in financing, with the debt maturing in 2029 and carrying an interest rate of 4.467%. This strategic financial move is part of TAP’s ongoing efforts to strengthen its capital structure and support its operational and strategic initiatives.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Lufthansa Group, Germany’s flagship airline conglomerate, reported a 6% increase in revenue for the fiscal year 2024, totaling US$40.2 billion. The company’s Adjusted EBIT (Earnings Before Interest and Taxes) for the year was US$1.7 billion, with the fourth quarter contributing US$501 million to this figure.
Global Crossing Airlines Group (GlobalX) reported a 40% increase in revenue for 2024, reaching US$223.8 million, compared to US$160.1 million in the previous year. Despite the revenue growth, the airline recorded a net loss of US$11.5 million, an improvement from the US$21.0 million net loss in 2023. The company ended the year with a cash balance of US$14.0 million, including restricted cash.
Eurowings, a subsidiary of the Lufthansa Group, reported an adjusted EBIT of US$217.3 million for the year 2024, with revenues totaling approximately US$3.1 billion.
Brussels Airlines, the national carrier of Belgium, has reported a record adjusted EBIT of €59 million for 2024, marking an 11% increase from the previous year. This achievement comes despite stable revenue, which remained at €1.54 billion.
Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
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…
Air Botswana, the national airline of Botswana, is set to receive an additional government support of US$4.7 millionin the upcoming financial year. This move underscores the government’s commitment to bolstering the airline’s operations and ensuring its financial stability.
Virgin Australia has announced that Dave Emerson, currently serving as Chief Commercial Officer (CCO), will step into the role of Chief Executive Officer (CEO). He will succeed Jayne Hrdlicka, who has led the airline since its 2020 restructuring under new ownership. The leadership transition comes as Virgin Australia moves closer to relisting on the Australian Stock Exchange (ASX).
