Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.
Emirates, the UAE’s flagship carrier, reported strong financial results for the first half of 2024, with revenue up by 5%to $16.9 billion. The airline achieved a profit after tax of $2.4 billion, underscoring its robust financial health amid a competitive global aviation environment.
South Korean airline Air Premia is currently facing internal tensions between its two largest shareholders, AP Holdings and the Daemyung Sono-JC Partners consortium. The disagreement centers on whether to pursue a capital increase within the year, an issue that could significantly impact the company’s financial trajectory and future development.
Air France-KLM reported solid financial results for the third quarter of 2024, with a 3.7% increase in Group revenues reaching $9.0 billion. The company posted a net income of $824 million, reflecting ongoing efforts to strengthen its position amidst global travel demand fluctuations.
United Airlines has announced plans to introduce a seasonal route connecting San Francisco (SFO) with San Jose, Costa Rica (SJO). This new route is set to begin on May 22, 2025, and will be operated with a Boeing 737-8 aircraft. The addition of this seasonal service aligns with United Airlines’ goal of expanding its network to popular leisure destinations, catering to travelers looking for…
Ryanair, Ireland’s leading low-cost airline, has expanded its operations at Reggio Emilia Airport with the addition of a second based aircraft. This move coincides with the launch of seven new winter routes, strengthening Ryanair’s connectivity across Europe from its Italian base. The airline’s strategic expansion in Reggio Emilia is aimed at meeting increasing demand for affordable travel options, particularly…
The Norwegian Group has announced its October 2024 traffic results, reporting a total of 2.6 million passengers. This figure reflects sustained growth for the group, which includes both Norwegian and Wideroe airlines. Norwegian’s own metrics saw Available Seat Kilometers (ASKs) increase by 10% year-over-year, while Revenue Passenger Kilometers (RPKs) rose by 11%, indicating strong demand. Additionally, Norwegian’s load factor (LF) improved by 0.6 points to reach 86.8%, showcasing efficient capacity management during…
LATAM Airlines, the largest carrier in Latin America, has announced an extension of its suspension of flights between Lima and Caracas until March 30, 2025. The decision, initially put in place due to operational challenges, is now being extended because of ongoing uncertainty regarding the policies of the Venezuelan government. This move reflects LATAM’s cautious approach to navigating the…
KlasJet, a Lithuania-based provider of ACMI (Aircraft, Crew, Maintenance, and Insurance) services, reported a significant increase in its operations from May through October 2024. During this period, KlasJet operated almost 5,000 flights, marking a 134% year-over-year (YoY) growth compared to the same months in 2023. This surge in flights reflects record demand for ACMI services over the summer season,…
Iraqi Airways has announced plans to expand its international network in 2025 with flights to several new destinations across the Middle East and Asia. The airline intends to launch routes to Riyadh in Saudi Arabia, Sharjah in the UAE, Dhaka in Bangladesh, and two popular destinations in Indonesia—Jakarta and Bali. Earlier in the year, Iraqi Airways also hinted at potential flights to Thailand, which could further enhance its connectivity to…
