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.
Etihad Airways (UAE) has delayed its highly anticipated $1 billion initial public offering (IPO) until at least April 2025. The airline has not disclosed the specific reasons for the postponement, leaving investors speculating on potential market conditions, regulatory approvals, or strategic adjustments influencing the decision.
Spirit Airlines (US) has announced a $1.22 billion net loss for 2024, with operating revenue declining by 8.4% to $4.91 billion. The low-cost carrier continues to face financial headwinds, including weaker demand, operational disruptions, and fleet challenges. Key Financial Performance Metrics Factors Contributing to the Loss Spirit Airlines’ financial struggles stem from multiple challenges, including: Strategic Response and Future Outlook…
Spirit Airlines (US) has secured $150 million in compensation from Pratt & Whitney, addressing financial losses stemming from GTF engine removals affecting its Airbus fleet. The airline anticipates further payments, as engine replacement and maintenance challenges are expected to continue through 2026 and beyond.
