Icelandair has disclosed its financial performance for the first quarter of 2025, recording a net loss of US$44 million, despite an 11% increase in total revenues to US$286 million. The airline’s liquidity remained solid at US$510 million, providing a stable financial foundation moving forward.
China Southern Airlines, one of China’s largest carriers, has disclosed a net loss of US$103 million for the first quarter of 2025, as its total revenues fell 2.7% to US$5.9 billion. The results point to a challenging operating environment for Chinese airlines, with lingering cost pressures and fragile demand recovery.
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.
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.
