Air Astana Group, the national carrier of Kazakhstan, has expanded its fleet to 60 aircraft following the recent arrival of a new Airbus A320neo in Almaty. This addition underscores the airline’s commitment to modernizing its fleet and enhancing operational efficiency.
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.
