Azul (Brazil) has unveiled additional details regarding its financial transactions, highlighting agreements to raise up to $500 million through the issuance of superpriority notes. This funding initiative is part of Azul’s strategy to strengthen its financial position and support its ongoing operations.
Air Nostrum (Spain) has announced its inability to meet upcoming debt repayment deadlines, prompting discussions with the Sociedad Estatal de Participaciones Industriales (SEPI) and the Instituto de Crédito Oficial (ICO). The airline faces significant financial obligations, including substantial repayments spread over the coming years.
Grupo Aeromexico, one of Mexico’s leading carriers, reported a steady rise in passenger numbers for November 2024, highlighting a 0.3% year-on-year increase to reach 2.0 million passengers. The airline also saw notable growth in key operational metrics, reflecting its robust recovery and growing demand for air travel.
Thai Airways International has undergone a significant shareholding restructure as part of a debt-to-equity conversion, altering the composition of its major shareholders. This move is a key element of Thai Airways’ broader restructuring plan aimed at improving its financial stability and positioning the airline for long-term recovery.
Norse Atlantic Airways, a Norway-based long-haul low-cost carrier, has successfully raised $8.7 million in gross proceeds through a private placement. The placement involved the issuance of 19.2 million new shares, directed towards B T Larsen & Co (Cyprus). The capital increase has been formally registered, marking a key step in bolstering the airline’s financial stability and funding future operational goals.
Yakutia Airlines, based in Russia, has announced a need for $30.2 million in state budget support for 2025. The funds are critical for the airline’s operations, ensuring financial stability and the continuation of essential services in a challenging market environment.
Southwest Airlines, one of the largest low-cost carriers in the United States, has revised its financial outlook for the fourth quarter of 2024, increasing its guidance for unit revenues. The airline now expects unit revenues to rise between 5.5% and 7%, a significant improvement driven by strong demand and optimized capacity.
LATAM Airlines Group, based in Chile, has released its financial outlook for 2025, projecting an adjusted EBITDARbetween $3.2 billion and $3.6 billion. This optimistic forecast aligns with the airline’s continued recovery and expansion following the global resurgence of air travel.
JetBlue Airways, a prominent US-based low-cost carrier, has revised its 2024 financial guidance, signaling adjustments in both revenue expectations and cost metrics. The airline now anticipates a 3.5% to 4.5% decline in revenue for the fiscal year, an improvement from its initial projection of a 4% to 5% drop. Concurrently, the Cost per Available Seat Mile (CASM) excluding fuel is expected…
Grupo Aeromexico, Mexico’s flagship airline, has formally requested approval to conduct a secondary public offering (SPO) of shares in both the Mexican Stock Exchange (BMV) and the United States, slated for 2025. While the exact value and number of shares have yet to be determined, the offering marks a significant step in Aeromexico’s financial strategy to strengthen its market position and…
