T’way Air, a low-cost airline based in South Korea, has postponed its extraordinary general meeting (EGM) to 24 June 2025, thereby delaying the finalization of its proposed acquisition of Daemyung Sono’s management rights. The move follows a delay in the anticipated ruling from the Fair Trade Commission (FTC), which is currently reviewing the proposed corporate combination.
flynas, the Saudi Arabian low-cost carrier, has officially priced its initial public offering (IPO) at $21.30 per share, successfully raising $1.1 billion. The offering saw overwhelming demand from institutional investors, achieving a remarkable 100-times oversubscription, and valuing the airline at approximately $3.6 billion.
easyJet, the UK-based low-cost carrier, has reported a headline loss before tax of $528.9 million for the first half of its fiscal year ending 31 March 2025. Despite the loss, group revenue rose 8% year-on-year to $4.7 billion, indicating ongoing recovery in passenger demand and network expansion.
GOL, the Brazilian low-cost carrier, has received approval from a U.S. bankruptcy court for its comprehensive restructuring plan under Chapter 11 proceedings. The approval marks a key milestone in the airline’s financial recovery and long-term sustainability efforts.
Wizz Air, the Hungary-based ultra-low-cost carrier, has received its first Airbus A321XLR, bearing serial number 11631. The aircraft is powered by PW1133GR-JM engines, part of the Pratt & Whitney GTF family, and will be operated by Wizz Air UK, the airline’s UK subsidiary.
Norse Atlantic, a long-haul low-cost carrier based in Norway, reported a net loss of $14.9 million for the first quarter of 2025, with revenue reaching $125.3 million. The results reflect seasonal demand fluctuations and continued cost pressures impacting transatlantic operations.
Ryanair Holdings, Europe’s largest low-cost carrier, has reported a 16% decline in profit after tax for the fiscal year ending March 31, 2025, with net earnings dropping to $1.79 billion, even as revenues rose 4% year-on-year to $15.5 billion. The dip in profitability highlights the complex operating environment and evolving cost dynamics the airline is navigating.
The Trump administration has officially withdrawn a U.S. Department of Transportation (DOT) lawsuit filed against Southwest Airlines, which alleged the carrier engaged in misleading flight scheduling practices. The case, initiated during President Biden’s tenure, centered on accusations that Southwest had advertised and sold tickets for flights it was unlikely to operate as scheduled.
Vietjet, the Vietnamese low-cost airline, has signed a cooperation agreement with Boeing to transfer 50 Boeing 737 MAX aircraft to its Thai subsidiary, Thai Vietjet Air. The aircraft are part of a larger order of 200 units originally placed in 2022, aimed at supporting Vietjet’s ambitious regional growth strategy.
Norwegian Air Sweden, a key operating unit of Norwegian Group, has expanded its fleet with the delivery of a Boeing 737-8, bearing serial number 62934. The aircraft is powered by LEAP-1B27 engines, manufactured by CFM International, and supports the carrier’s push toward fleet modernization and improved operational efficiency.
