Jeju Air, South Korea’s largest low-cost carrier, has reported a 5.4% increase in sales for the third quarter of 2024, totaling $335.2 million. However, the airline experienced a significant 59% decline in net profit, which fell to $31.3 million. The mixed results highlight the challenges Jeju Air faces in balancing revenue growth with profitability amid…
Wizz Air Holdings, the Hungarian low-cost carrier, reported notable growth in passenger traffic for October 2024, with a 4.1% increase to 5.6 million passengers. Alongside this rise in passenger numbers, Wizz Air also achieved a slight increase in load factor, reaching 92.9%, up by 0.4 percentage points from the previous year. The airline expanded its…
Ryanair Holdings, Ireland’s leading low-cost airline group, reported a significant increase in passenger traffic for October 2024, reaching 18.3 million passengers, a 7% rise compared to the same month in the previous year. Despite the higher volume, Ryanair maintained a stable load factor (LF) of 93%, showcasing its effective capacity management amid rising demand.
Fly Jinnah, Pakistan’s emerging low-cost carrier, has announced the launch of a new nonstop route connecting Lahore and Dammam, set to commence on November 16, 2024. This new service will be operated by the Airbus A320, adding to Fly Jinnah’s expanding network and offering travelers in Pakistan a direct link to Saudi Arabia.
Ryanair Holdings, the prominent low-cost airline group based in Ireland, has reported an 18% decrease in after-tax profit for the first half of its fiscal year 2025, totaling $1.9 billion. This comes alongside a modest 1% increase in total revenue, which reached $9.4 billion. Despite the profit decline, Ryanair remains committed to its financial strategies,…
Aero K, a low-cost airline based in South Korea, has announced the launch of a new route connecting Seoul Incheon International Airport to Kaohsiung, Taiwan. Starting from January 2, 2025, the airline will operate this route with an Airbus A320, marking a significant step in expanding its regional network.
Vueling, a prominent low-cost airline, has expanded its fleet with the addition of a leased Airbus A320, serial number 2911. This new aircraft, powered by V2527-A5 engines, will support Vueling’s operations on its high-demand short-haul routes.
Ryanair, the prominent low-cost airline based in Ireland, has expanded its fleet with the addition of a new Boeing 737-8200, serial number 62383. This latest delivery is powered by LEAP-1B27 engines, known for their fuel efficiency and lower emissions, supporting Ryanair’s operational goals.
In preparation for the upcoming high-demand season, Argentine low-cost airline Flybondi has announced the wet lease of two Boeing 737 aircraft from Spanish operators. This strategic move aims to bolster Flybondi’s operational capacity and ensure seamless service during peak travel periods.
Sun Country Airlines, a U.S.-based low-cost carrier, is in negotiations with Amazon to broaden their existing cargo partnership, potentially introducing special charter flights for Amazon’s dedicated customers. This expansion would enable Sun Country to operate exclusive cargo flights tailored to meet Amazon’s growing logistics needs, offering flexibility and custom solutions for Amazon’s high-priority shipments.
