I Fly Airlines (Russia) has reported a significant threefold increase in revenue for the first quarter of 2025, reaching over US$23 million, largely driven by the ongoing wet lease of three A330 aircraft to fellow Russian carrier Aeroflot. This leasing arrangement has provided a stable revenue stream for I Fly and underscores the growing interdependence between carriers in the Russian market as…
Utair, a key player in the Russian aviation sector, has announced a net profit of $10.3 million for the year 2024. The airline also saw a significant increase in its revenue, which rose by 20.9% to reach $941.9 million.
S7 Airlines, one of Russia’s premier carriers, experienced a significant drop in net profit by 33.5%, totaling $166.6 million for the year 2024, despite a marginal revenue increase of almost 1% to $2.2 billion.
The Board of Directors of LATAM Airlines Group, headquartered in Chile, has agreed to propose a substantial dividend payment totaling US$293 million, scheduled to be distributed on 22 April 2025.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
Ryanair Holdings, Europe’s largest low-cost carrier, has reported a 3Q profit after tax of $156 million, driven by a 10% increase in revenue to $3.1 billion. The strong performance underscores Ryanair’s resilience amid evolving market conditions in the aviation industry.
Fitch Ratings, a leading credit rating agency, has downgraded Spirit Airlines’ (US) Long-Term Issuer Default Rating (IDR) to ‘D’ from ‘CC’, indicating default status. The downgrade reflects Spirit Airlines’ financial challenges following its Chapter 11 bankruptcy filing.
Copa Holdings, the parent company of Copa Airlines based in Panama, reported a 22.1% decline in net profit for the third quarter of 2024, amounting to $146 million. The results reflect a 1.5% decrease in operating revenue, which totaled $854.7 million for the quarter. Despite the downturn, Copa Holdings maintains a strong financial position with $1.3 billion in cash, short-term, and long-term…
