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Spirit Airlines Reports $1.22 Billion Net Loss for 2024 as Revenue Declines

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Spirit Airlines (US) has announced a $1.22 billion net loss for 2024, with operating revenue declining by 8.4% to $4.91 billion. The low-cost carrier continues to face financial headwinds, including weaker demand, operational disruptions, and fleet challenges. Key Financial Performance Metrics Factors Contributing to the Loss Spirit Airlines’ financial struggles stem from multiple challenges, including: Strategic Response and Future Outlook…

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Norwegian to Acquire Ten Boeing 737-800s from Its Leased Fleet

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Norwegian, one of Europe’s largest low-cost carriers, has announced an agreement to purchase ten Boeing 737-800 aircraft that are currently part of its leased fleet. The airline will fund the transaction using cash on hand, with the deal expected to be finalized in Q1 2025.

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9 Air Expands Fleet with New Boeing 737-8 Delivery

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9 Air, a subsidiary of Juneyao Airlines and China’s first low-cost carrier, has taken delivery of a new Boeing 737-8, serial number 61385. This aircraft is powered by LEAP-1B engines, enhancing the airline’s fuel efficiency and operational performance. The addition is part of 9 Air’s broader strategy to modernize its fleet and expand its route network.

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Thai AirAsia to Expand Fleet with Six New Airbus A321neo Aircraft in 2025

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Thai AirAsia, a prominent low-cost carrier based in Thailand, has unveiled plans to bolster its fleet by introducing six new Airbus A321neo aircraft in 2025. This expansion will bring the airline’s total fleet size to 66 aircraft by the end of the year.

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Eastar Jet Secures $21 Million Investment from SG Private Equity

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Eastar Jet, a prominent low-cost airline based in South Korea, has successfully secured a $21 million investmentfrom SG Private Equity, a private equity firm headquartered in Seoul. This strategic infusion of capital is aimed at bolstering Eastar Jet’s efforts to expand its fleet and strengthen its operational capabilities.

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BOC Aviation Acquires Five Boeing 737-8 Aircraft for Lease to Arajet

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BOC Aviation Limited, a Singapore-based aircraft leasing company, has announced the purchase of five Boeing 737-8 aircraft from The Boeing Company. These aircraft will be leased on a long-term basis to Arajet S.A., a low-cost carrier based in the Dominican Republic. The deliveries are scheduled for 2026 and 2027, and all aircraft will be powered by CFM LEAP-1B engines.

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Volaris Reports $46M Net Income in Q4 2024 Amid Revenue Decline

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Volaris, Mexico’s leading ultra-low-cost airline, posted a net income of $46 million for the fourth quarter of 2024, despite a 7% decline in operating revenue to $835 million. The airline’s financial position remained strong, with total cash, cash equivalents, restricted cash, and short-term investments reaching $954 million.

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Southwest Airlines EVP Ryan Green to Step Down in April 2025

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Southwest Airlines (US) has announced that Ryan Green, EVP & Chief Transformation Officer, has decided to step down from his role, effective 01 April 2025. His departure marks a significant change in the airline’s leadership teamas the company continues its strategic transformation efforts.

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Southwest Airlines Cuts 15% of Corporate Jobs to Reduce Costs

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Southwest Airlines (US) is implementing a 15% reduction in corporate jobs as part of a cost-cutting initiative, with projected savings of $210 million in 2025 and $300 million in 2026. This move reflects the airline’s focus on operational efficiency and long-term financial sustainability.