Lufthansa Technik has approved over €1 billion in investments to expand its global aircraft maintenance, repair, and overhaul (MRO) operations across the Americas, Asia-Pacific, and EMEA regions.
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 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 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 has released its quarterly earnings report, indicating notable revenue growth attributed to rising passenger numbers and operational enhancements.
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 has released its interim report for Q3 2024, detailing a steady financial performance amid challenging market conditions.
Clover Aviation Capital has announced a $500 million unsecured revolving credit facility with Mizuho Bank, an increase from its previous $300 million facility.
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 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.
