Lufthansa Group Reports €1.3 Billion Operating Profit in Record-Breaking Q3
Lufthansa Group has announced an operating profit (Adjusted EBIT) of €1.3 billion for Q3 2024, reflecting robust performance during a strong summer travel season.
JetBlue Posts Q3 2024 Financials, Advancing JetForward Strategy Amid Operational Improvements
JetBlue reported its Q3 2024 financials, highlighting steady progress under the JetForward strategy, which aims to enhance operational reliability, expand services, and optimize costs. Despite a net loss of $60 million (or $0.17 per share), JetBlue achieved $2.4 billion in revenue, marking a 0.5% year-over-year increase.
Aeromexico Launches $1.1 Billion Bond Offering to Refinance Debt
Aeromexico has initiated a $1.1 billion bond offering aimed at refinancing its debt, specifically addressing $663 million in senior secured notes due in 2027.
Frontier Airlines Reports Quarterly Earnings with Revenue Growth Driven by Increased Passenger Demand
Frontier Airlines has released its quarterly earnings report, indicating notable revenue growth attributed to rising passenger numbers and operational enhancements.
Fly Modern Ark Offers Financial Support to Linhas Aéreas de Moçambique Amid Financial Strain
Fly Modern Ark, a South African aviation investment firm, has identified a need for more than €9 million to support the financial and operational recovery of Linhas Aéreas de Moçambique (LAM). The proposed investment aims to address immediate cash flow challenges and establish a sustainable path forward for Mozambique’s national airline. Having previously collaborated with…
Finnair Reports Stable Q3 Revenue with Focus on Cost Management and Sustainability Goals
Finnair has released its interim report for Q3 2024, detailing a steady financial performance amid challenging market conditions.
Brussels Airlines Reports Record Summer Profit, Adds Long-Haul Capacity and Increases Punctuality
Brussels Airlines has reported a record €78 million adjusted EBIT for summer 2024, supported by increased long-haul capacity and high punctuality. From July to September, the airline transported 2.5 million passengers across over 17,000 flights, marking a 1.3% increase in passenger volume despite a 2.5% decrease in total flights.
Austrian Airlines Increases Adjusted EBIT by 8%, Driven by Revenue Growth
Austrian Airlines has reported an 8% rise in adjusted earnings before interest and taxes (EBIT), reaching $150.2 million, for its latest financial period. This growth comes on the back of a 6% increase in total revenue, which climbed to $846 million.
Vietnam Airlines and Vietjet Forge Strategic MOUs with UAE’s Etihad and Emirates
Vietnam Airlines has recently signed bilateral Memoranda of Understanding (MOUs) with two UAE-based airlines, Etihad Airways and Emirates, aiming to strengthen commercial cooperation and expand both passenger and cargo services.
Ryanair Launches New Zagreb-Palermo Route for Summer 2024
Ryanair has announced the launch of a new direct route from Zagreb to Palermo, Italy, beginning March 30, 2024, and running through the summer season. Scheduled to operate on Tuesdays, Thursdays, and Sundays, the route will utilize the 180-seat Airbus A320 from Lauda Europe, Ryanair’s Austrian subsidiary.