Aurigny, the flag carrier of Guernsey, has reported a net loss of $8.7 million for the year 2024, attributing the deficit largely to increased wet lease expenses and continuing global supply chain issues. These financial headwinds have posed significant operational challenges for the regional airline, which serves routes between the Channel Islands and the UK mainland.
Air Austral has reported a 1.6% increase in revenue to $514 million for the fiscal year 2024–25, which ended on 31 March 2025, marking a modest improvement in its top-line performance. However, despite the revenue growth, the airline ended the year with a net deficit just under $12.6 million, continuing its struggle to reach financial stability.
Jeju Air, South Korea’s largest low-cost carrier, has announced a significant downturn in its financial results for the first quarter of 2025. The airline posted a net loss of $17 million, coupled with a 32% decline in revenue year-on-year, bringing total revenue to $259.7 million.
Garuda Indonesia has reported a net loss of $76.4 million for the first quarter of 2025, despite generating $603.6 million in revenue from scheduled flight operations. The results underscore the continuing financial challenges faced by the national carrier amid a complex post-restructuring recovery process.
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
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.
Air France-KLM has released its financial results for the first quarter of 2025, revealing a net loss of US$283.6 million, despite an encouraging 7.7% increase in revenues, which totaled US$8.2 billion. The group’s liquidity position remains strong, with US$10.5 billion in available cash, providing resilience amid fluctuating operating conditions.
Air China, one of the leading carriers in mainland China, reported a first-quarter net loss of US$281 million, reflecting continued financial pressures across the Chinese aviation market. The airline’s total revenues for Q1 2025 held steady at US$5.4 billion, showing no significant growth compared to the same period last year.
