TAP, the national airline of Portugal, reported a net loss of $122.6 million for the first quarter of 2025, underlining persistent financial challenges despite an improving global aviation environment. The carrier’s operating revenue fell 4.5% year-over-year, totaling $933.6 million, suggesting a drop in travel demand or yield compression on its primary routes.
Emirates and Air Mauritius have officially renewed their long-standing strategic partnership, which includes a reciprocal codeshare agreement, expanded frequent flyer cooperation, and enhanced cargo handling services. The renewed collaboration strengthens ties between the two carriers and broadens connectivity across Africa, Asia, and Europe.
Turkish Airlines has expanded its short- and medium-haul fleet with the delivery of an Airbus A321, carrying manufacturer serial number 6009 and powered by V2533-A5 engines from IAE (International Aero Engines). The new addition continues the carrier’s modernization strategy and growing narrowbody operations across Europe, the Middle East, and Central Asia.
Lufthansa Group, the parent company of several major European airlines, is preparing to unveil a new restructuring initiative titled “Matrix Next Level.” The project is aimed at simplifying the Group’s corporate structure, streamlining operations, and enhancing managerial efficiency across its portfolio of carriers.
SWISS, the flag carrier of Switzerland, has received a new Airbus A321neo, identified by serial number 12498. The aircraft is powered by PW1133G-JM engines, part of the Pratt & Whitney GTF engine family, designed for improved fuel efficiency and reduced emissions.
Qatar Airways has added to its widebody fleet with the delivery of an Airbus A330-300, identified by serial number 1572. The aircraft is powered by Rolls-Royce Trent 772B-60 engines, continuing the airline’s preference for reliable long-range platforms as it enhances capacity across its global network.
Plus Ultra, a Spanish airline specializing in charter and ACMI services, has signed a new agreement with Air Algérie to provide one Airbus A330-200 under an ACMI lease for the next 12 months. The aircraft will support the Algerian carrier’s network during a period of elevated demand and ongoing fleet adjustments.
Lufthansa, Germany’s flag carrier, has confirmed its intention to phase out its Airbus A340-600 fleet by spring 2026. This move comes as part of the airline’s long-term fleet modernization strategy and coincides with the progressive introduction of Boeing 787-9 aircraft into its widebody operations.
Etihad Airways, based in the United Arab Emirates, reported a strong first quarter 2025 financial performance, with net profit rising 30% to $187 million, driven by robust demand and strategic cost control. The airline also posted a 15% increase in revenue, reaching $1.8 billion for the quarter.
El Al, the national carrier of Israel, has announced its first quarter 2025 financial results, posting a net profit of $96 million, representing a 19% increase compared to the same period in the previous year. The growth was supported by a 5% rise in revenue, which reached $774 million for the quarter.
