China Eastern Airlines, one of the major carriers in Asia, has reported a substantial decrease in its net loss for the year 2024. The airline’s net loss was recorded at US$578 million, which represents a reduction of almost 50% from the previous year’s figures.
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
airBaltic (Latvia) has announced its financial results for 2024, reporting a 12% year-on-year increase in revenue, reaching $815 million. Despite the revenue growth, the airline recorded a net loss of $128.5 million, highlighting ongoing operational and financial pressures.
StandardAero (US) has announced its 2024 financial results, reporting $5.2 billion in total revenue, marking a 14.8% year-on-year increase. The company’s Q4 2024 revenue surged by 21.8% to $1.4 billion, reflecting strong growth in its maintenance, repair, and overhaul (MRO) business. Despite the revenue gains, StandardAero posted a Q4 net loss of $14.1 million, attributed to operational costs and investment adjustments, while for…
El Al Israel Airlines has announced a strong financial performance for 2024, recording a net profit of $545 million as annual revenue climbed 37% to $3.4 billion. The airline also delivered a solid Q4 performance, earning $130 million in net profit, with quarterly revenue rising 26% to $851 million.
Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
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.
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.
Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
