Garuda Indonesia has reported a net loss of $76.4 million for the first quarter of 2025, despite generating $603.6 million in revenue from scheduled flight operations. The results underscore the continuing financial challenges faced by the national carrier amid a complex post-restructuring recovery process.
Aerolineas Argentinas has announced that it will no longer require transfers from the National Treasury to fund its operations in 2025, marking a significant milestone for the state-owned carrier. This development represents the first time since its nationalization in 2008 that the airline will function without financial backing from the Argentine government.
Aeroflot, Russia’s flagship carrier, has reported a solid financial performance for the first quarter of 2025, achieving a net profit of $689 million. The carrier’s revenues also rose 12.4% year-on-year, reaching a total of $1.9 billion, highlighting strong demand recovery and robust cost management across its operations.
Air Canada has expanded its narrowbody fleet with the addition of a Boeing 737-8, serial number 63388, on lease and powered by LEAP-1B27 engines. The delivery marks another step in the airline’s broader fleet modernization strategy aimed at enhancing efficiency and reducing emissions.
Icelandair has disclosed its financial performance for the first quarter of 2025, recording a net loss of US$44 million, despite an 11% increase in total revenues to US$286 million. The airline’s liquidity remained solid at US$510 million, providing a stable financial foundation moving forward.
Emirates, the flagship airline of the United Arab Emirates, has affirmed its strong financial footing, with Chairman Sheikh Ahmed bin Saeed Al Maktoum stating that an initial public offering (IPO) would be executed if mandated by the government. This marks one of the clearest indications yet that a public listing of the airline could be on the table in…
Air France-KLM has released its financial results for the first quarter of 2025, revealing a net loss of US$283.6 million, despite an encouraging 7.7% increase in revenues, which totaled US$8.2 billion. The group’s liquidity position remains strong, with US$10.5 billion in available cash, providing resilience amid fluctuating operating conditions.
Air China, one of the leading carriers in mainland China, reported a first-quarter net loss of US$281 million, reflecting continued financial pressures across the Chinese aviation market. The airline’s total revenues for Q1 2025 held steady at US$5.4 billion, showing no significant growth compared to the same period last year.
KLM Cargo has taken delivery of a Boeing 747-400ERF, manufacturer serial number (MSN) 33695, operated by Martinair, a subsidiary of the KLM Group. The aircraft is powered by CF6-80C2B5F engines and is expected to reinforce the airline’s long-haul cargo capacity across major trade routes.
Garuda Indonesia has expanded its widebody fleet with the wet lease of two Airbus A330-300 aircraft, manufacturer serial numbers (MSNs) 1619 and 692, from Thai AirAsia X. Both aircraft are powered by Rolls-Royce Trent 772B-60 engines and are expected to support medium- to long-haul operations across the airline’s international network.
