Ryanair June Traffic Grows 7% New Record Month of 21.2m Guests
Ryanair‘s June traffic numbers have set a new all-time record, surpassing 21.2 million guests and further tightening the carrier’s grip as Europe’s dominant ultra-low-cost airline.
Airbus Delivered 81 Aircraft in May 2024
Airbus delivered 81 aircraft to global customers in May 2024, reflecting robust momentum as the manufacturer pushes to meet annual production targets. This strong monthly figure brings year-to-date deliveries for 2024 to 256 aircraft, keeping the company on a solid trajectory amid high demand for new-generation narrowbodies and widebodies.
Airlines | Crisis | Financial | Flag Carrier
Air Albania Faces Bankruptcy, Cuts Operations To Single Route
Air Albania is facing a severe financial crisis that has brought the country’s national carrier to the edge of bankruptcy. According to local media reports, the airline has failed to pay employee salaries for months, neglected to deposit social security contributions, and continues selling tickets despite mounting operational and financial troubles. Numerous flights have been cancelled…
AAPA Reports $7.3B Profit For Asia Pacific Carriers In 2024
AAPA (Association of Asia Pacific Airlines) has released its financial performance report for 2024, highlighting a significant turnaround and robust profitability for the region’s carriers. Collectively, Asia Pacific airlines recorded a net profit of $7.3 billion, showcasing a successful recovery trajectory and operational resilience.
Ural Airlines Allocates $84.5M In Dividends From 2024 Profit
Ural Airlines, a Russian carrier, has announced it will distribute $84.5 million in dividends from its 2024 profits, reflecting strong financial performance during the year. The company also revealed that the remaining $130.6 million of net profit will be directed to its Accumulation Fund, aimed at supporting future growth and strategic investments.
ITA Airways Reports $3.5B Revenue But Ends 2024 In Loss
ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.
ACMI | Corporation | Financial | Lessor
Airseven Posts Record Profit Of $1.2M In 2024
Airseven (Denmark) has announced a net profit of US$1.2 million for the fiscal year 2024, its strongest financial performance since the airline’s establishment in 2020. The result represents a major milestone in the carrier’s development and reflects a successful rebound from early operational challenges and pandemic-related disruptions.
Air Serbia Achieves Record Net Profit in 2024
Air Serbia has announced a record net profit of $42.9 million (€41.3 million) for the year 2024, with total annual revenue surpassing $729 million (€700.3 million). This marks the most successful financial performance in the airline’s history.
Vertical Aerospace Raises $90 Million in Public Offering
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
JetBlue Reports $795 Million Net Loss for 2024
JetBlue Airways has announced its financial results for 2024, reporting a net loss of $795 million as revenues fell by 3.5% to $662 million. The airline faced challenges throughout the year, including declining demand and operational pressures.