Condor has secured critical approval from the European Commission for $365 million in restructuring aid provided by Germany. The approval falls under the European Union’s State aid rules, paving the way for Condor to continue its recovery efforts and return to financial stability after enduring significant operational and financial challenges.
ST Engineering has announced that it secured approximately $1.0 billion in new business through its Commercial Aerospace segment. This major achievement is expected to significantly bolster the company’s growth and operational momentum moving into 2025. The contracts encompass a broad range of services, including aircraft maintenance, component repair, and engineering solutions, solidifying ST Engineering’s standing as a global leader…
Royal Jordanian has announced its financial results for 2024, revealing a total revenue of $1.0 billion. The airline also managed to reduce its post-tax losses by 59%, bringing the figure down to $4.9 million. This marks a significant improvement compared to previous years and highlights the company’s ongoing recovery efforts following the challenges faced during the pandemic years.
Air Europa is preparing to repay the remaining $66 million of a $160 million loan it secured from a banking consortium in May 2020, backed by a guarantee from the Instituto de Crédito Oficial (ICO). This repayment is scheduled to occur in May 2025. The loan was provided under favorable terms to support the airline during the critical early months of the COVID-19…
Condor, the leisure airline based in Germany, has reported a net loss of $70.4 million for the 2023/24 financial year, even as the carrier posted a 16% increase in revenue to approximately $2.6 billion. The results highlight ongoing challenges in the post-pandemic aviation sector, particularly for airlines navigating rising operational costs and fleet modernization programs.
Vietnam Airlines has entered a significant financial partnership with Vietcombank through a newly signed memorandum of understanding (MoU) focused on capital arrangement for the acquisition of 50 narrowbody aircraft. The agreement lays the foundation for structured financing of the airline’s fleet renewal and expansion from 2026 to 2032.
Southwest Airlines has reported a net loss of $149 million for the first quarter of 2025, reflecting the challenges of cost escalation and flat yield growth despite an uptick in operational revenue. The airline’s operating revenues rose 1.6% year-on-year to $6.4 billion, while it maintained a liquidity reserve of $9.3 billion, underscoring its financial stability in the face of earnings…
Cargolux, the Luxembourg-based all-cargo airline, reported a strong financial performance for 2024, with revenues climbing 12.9% year-on-year to $3.3 billion. More notably, the airline achieved a 56.6% increase in net profit, reaching $448 million, underscoring the carrier’s successful adaptation to a post-pandemic global cargo market.
Avelo Airlines has initiated a strategic financial initiative by appointing Jefferies, a leading global investment banking firm, to assist in raising between $75 million and $100 million. The capital raise is aimed at fueling the airline’s growth plans and strengthening its financial position amid a competitive and cost-sensitive environment.
American Airlines posted a net loss of $473 million for the first quarter of 2025, despite generating $12.6 billion in revenue, reflecting the continued challenges facing major U.S. carriers in managing costs and restoring profitability post-pandemic.
