Lufthansa Group, Germany’s flagship airline conglomerate, reported a 6% increase in revenue for the fiscal year 2024, totaling US$40.2 billion. The company’s Adjusted EBIT (Earnings Before Interest and Taxes) for the year was US$1.7 billion, with the fourth quarter contributing US$501 million to this figure.
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KLM Royal Dutch Airlines, a major European carrier, has recently expanded its aircraft fleet by adding a new Airbus A321neo. This aircraft, with serial number 12445, features LEAP-1A30 engines and carries a registration mark of PH-AXG.
Aerolineas Argentinas, Argentina’s national carrier, is at risk of closure as the government, led by Javier Milei, has proposed a privatization process to address the airline’s financial struggles. This privatization plan is seen as a critical measure to ensure the airline’s sustainability, but it has encountered resistance from employees and unions concerned about job security and potential changes…
Air Serbia and China Southern have entered into a codesharing agreement, aiming to improve air connectivity between Serbia and China. This collaboration marks a significant step in strengthening ties between the two countries, offering passengers seamless travel options and enhanced convenience.
Azul (Brazil) has successfully completed the restructuring of its financial obligations, reaching agreements with bondholders, lessors, and OEMs. The carrier also closed its $525 million Floating Rate Superpriority Notes offering, due 2030, significantly improving its financial stability.
HiSky Europe, a Romanian airline, has announced the launch of a new regular charter service that will connect Bucharest, Mombasa, and Zanzibar, starting on November 27, 2024. The service, which will operate with an Airbus A321, provides Romanian travelers with a direct and convenient travel option to two popular tropical destinations in East Africa.
British Airways, one of the UK’s flagship carriers, has confirmed that it will not resume its seasonal flights between London Heathrow and Pula, Croatia, in summer 2025. These flights, traditionally operated using Airbus A319 and A320 aircraft, were part of the airline’s summer schedule catering to leisure travelers.
