Global Crossing Airlines Group Reports 2024 Financial Results

ByAdmin 06/03/202511/03/2025

Global Crossing Airlines Group (GlobalX) reported a 40% increase in revenue for 2024, reaching US$223.8 million, compared to US$160.1 million in the previous year. Despite the revenue growth, the airline recorded a net loss of US$11.5 million, an improvement from the US$21.0 million net loss in 2023. The company ended the year with a cash balance of US$14.0 million, including restricted cash.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Airlines | Flag Carrier | Network

American Airlines Cancels Planned Chicago-Venice Service for June 2025

ByAdmin 06/11/202408/11/2024

American Airlines has announced the cancellation of its previously planned service resumption between Chicago O’Hare (ORD) and Venice Marco Polo (VCE), which was scheduled to commence on June 4, 2025. This decision reflects ongoing adjustments in American Airlines’ network planning as the carrier evaluates demand and resource allocation for its transatlantic routes. The Chicago-Venice route has been popular with leisure…

Airlines | Financial | Settlement

GOL Resolves $889M Tax Liabilities in Brazil

ByAdmin 02/01/202507/01/2025

GOL (Brazil) has finalized an individual settlement agreement with the National Treasury Attorney’s Office and the Special Secretariat of the Federal Revenue of Brazil. The agreement addresses and resolves tax liabilities for the company and its subsidiaries, amounting to a total of US$889 million.

Airlines | Corporation | Financial

Asia Aviation Reports 4Q2024 Net Profit Decline Amid Revenue Growth

ByAdmin 25/02/202505/03/2025

Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia (TAA), has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a notable decline in net profit during the fourth quarter, contrasting with significant profit growth over the entire year.

Airlines | Financial | Flag Carrier | Quarterly Performance

Air Canada Reports Third Quarter 2024 Financial Results

ByAdmin 01/11/202404/11/2024

Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.

Airbus | Airlines | Delivery | Fleet | Low Cost Carrier

Vietjet Air Receives New A321neo

ByAdmin 10/01/202510/01/2025

Vietjet Air (Vietnam) has taken delivery of its latest A321neo under a leasing agreement with Castlelake (Ireland). This delivery is part of a larger contract for the acquisition of four A321neos, which will bolster Vietjet’s growing fleet and enhance its operational capabilities on regional and international routes.

Airlines | Countries | Management

Virgin Australia Nears Approval for Long-Haul Services to Europe

ByAdmin 29/11/202402/12/2024

Virgin Australia is advancing its plans to reintroduce long-haul international services to Europe by June 2025. The airline is on track to receive approval from the Australian Competition and Consumer Commission (ACCC) for its proposed wet lease of aircraft from Qatar Airways.

Airlines | Flag Carrier | Network

Similar Posts