Breeze Airways (US), led by CEO David Neeleman, is actively planning for a potential initial public offering (IPO) in 2026. The airline is optimistic about this next phase of growth following its first profitable quarter earlier in 2025.
Air T (US) has announced the successful renegotiation of a critical financing agreement involving its wholly owned subsidiary, AAM 24-1. This new transaction has grown to a total of $100 million, aimed at supporting the growth and strategic initiatives of Crestone Air Partners.
Wizz Air Holdings (Hungary) has reported its financial results for the fiscal year ending 31 March 2025. The company’s total revenue increased by 3.8%, reaching US$6.0 billion. Despite this rise in revenue, Wizz Air’s net profit experienced a significant decline of 41.5%, dropping to $243.8 million. The carrier also reported a total cash position of $1.97 billionat the end of the period.
Moody’s has recently announced a significant downgrade of the corporate family rating for Azul (Brazil), reducing it from Caa2 to Ca. This move by the rating agency reflects increasing concerns about the airline’s financial position and overall risk profile. The downgrade also extends to Azul Secured Finance and Azul Investments, underscoring the broader impact across the group’s financial entities.
Norway has sold its entire 6.37% stake in Norwegian, a move involving around 65.5 million shares. This decision represents a major step in the Norwegian government’s efforts to reduce its exposure to commercial airline investments and reflects broader shifts in its aviation policy.
Qatar Airways has signed an agreement with Qatari banks led by QNB Group to secure $1.2 billion in strategic financing. This substantial funding package is structured in both conventional and Islamic tranches and is designed to support the airline’s ongoing growth and maintain financial stability in a volatile market environment.
Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million.
Alaska Airlines CEO Ben Minicucci shared his perspective on the carrier’s performance and outlook following the challenges faced in the first quarter of 2025. According to Minicucci, although bookings have stabilized, pricing powerhas yet to fully recover, reflecting the ongoing impact of economic uncertainty in the aviation sector.
Spirit Airlines (US) has reported a net profit of $83.1 million for the first quarter of 2025, with total revenue reaching $1 billion. The airline ended the period with $758.1 million in cash and cash equivalents, reflecting a stable liquidity position.
Aircastle (US) and its subsidiary, Aircastle Ireland, have had their Long-Term Issuer Default Ratings (IDR) affirmed by Fitch Ratings at ‘BBB+’. The outlook for these ratings remains Stable, indicating a steady financial position and outlook for the leasing group.
