airBaltic, the national airline of Latvia, has officially launched an international executive search to appoint a new Chief Executive Officer, following the departure of longtime CEO Martin Gauss. The process is expected to last approximately three months, and notably, the airline confirmed that no compensation or severance will be paid to Gauss.
Air France-KLM has appointed Florence Parly as the new Chair of the Board of Directors for the airline group, marking a notable leadership transition at one of Europe’s largest airline conglomerates. The appointment reflects the company’s continued focus on strategic governance and sustainable growth.
SWISS, the flag carrier of Switzerland, has taken delivery of a new Airbus A320neo, bearing serial number 12565. The aircraft is powered by PW1127G-JM engines, part of the Pratt & Whitney GTF family, and will serve as a cornerstone in the airline’s drive for greater fuel efficiency and reduced emissions.
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.
