SIA Engineering Reports 16% Profit Increase for 1H Fiscal 2024/25

ByAdmin 06/11/202408/11/2024

SIA Engineering Group (SIAEC), a leading provider of MRO (maintenance, repair, and overhaul) services based in Singapore, has reported a robust financial performance for the first half of its fiscal year 2024/25. The Group achieved a 16% increase in net profit, reaching US$52.2 million, compared to the previous period. This growth reflects the strong operational focus and continued recovery in the aviation sector, which has positively impacted MRO demand. Additionally, SIAEC saw a significant 12.1% rise in revenues, totaling $437.5 million, driven by higher volumes in line maintenance, component and engine services, and other associated services.

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Financial

Chorus Aviation Completes $7.1M Share Repurchase

ByAdmin 23/05/202526/05/2025

Chorus Aviation, based in Canada, has concluded the final phase of its substantial issuer bid by repurchasing 471,319 shares at a price of US$15.10 per share, resulting in an aggregate purchase value of approximately $7.1 million. The buyback was conducted as part of the company’s capital return strategy to enhance shareholder value.

Corporation | Financial

Avation Repurchases Senior Notes Under MTN Program

ByAdmin 29/04/202501/05/2025

Avation announced the repurchase of US$1.94 million in face value of its Senior PIK Toggle Notes due 2026, part of its ongoing efforts to manage liabilities and optimize its capital structure under the company’s global Medium Term Note (MTN) program.

Airlines | Financial | Quarterly Performance

Sun Country Reports $36.5M Profit On Q1 Revenue Growth

ByAdmin 04/05/202504/05/2025

Sun Country Airlines Holding, a hybrid carrier based in the United States, has reported its financial results for the first quarter of 2025, highlighting a profitable start to the year. The airline posted total operating revenue of $326.6 million, a 4.9% increase year-over-year.

Airlines | Financial | Low Cost Carrier

SpiceJet Clears $18.8M Provident Fund Dues

ByAdmin 14/12/202417/12/2024

SpiceJet, a leading airline based in India, has announced the clearance of all pending employee provident fund dues, totaling $18.8 million. This settlement addresses payments that had been pending for over two years, signaling the airline’s commitment to fulfilling its obligations to its employees.

Airlines | Financial | Quarterly Performance

China Eastern Reports Q1 Loss Despite Modest Revenue Growth

ByAdmin 01/05/202503/05/2025

China Eastern Airlines has reported a net loss of US$137 million for the first quarter of 2025, even as revenues experienced a 0.7% year-over-year increase, reaching US$4.5 billion. This performance highlights persistent operational and market pressures facing one of China’s major state-owned carriers.

Airlines | Financial | Quarterly Performance

SpiceJet Reports $2.9 Million Net Profit in Fiscal Q3 as Revenue Surges 35%

ByAdmin 04/03/202505/03/2025

SpiceJet, one of India’s leading low-cost carriers, has reported a net profit of $2.9 million for fiscal Q3 ending December 31, 2024, marking a significant turnaround in its financial performance. The airline saw total revenue surge 35% year-over-year to $188.7 million, reflecting improved operational efficiency and demand recovery.

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