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Air China Reports Q1 Loss As Revenues Stay Flat

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.

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Brussels Airlines Cuts Losses In Q1 2025, Eyes Profitability

Brussels Airlines reported an adjusted EBIT loss of US$60 million for the first quarter of 2025, showing a 9% year-on-year improvement compared to the same period in 2024. Despite remaining in the red, the airline expressed confidence in achieving full-year profitability for 2025.

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SriLankan Airlines Shelves Privatization, Plans New Management

SriLankan Airlines will no longer undergo privatization, according to a decision by the Sri Lankan government to retain national ownership of the carrier. The move reverses earlier intentions to offload the state-run airline and instead pivots toward internal reform through a new management structure designed to drive profitability.

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Kenya Airways Reports First Full-Year Profit in 12 Years

Kenya Airways has achieved a notable financial milestone, reporting its first full-year profit in 12 years. In 2024, the airline recorded a total revenue of $1.5 billion, up 6% from the previous year, culminating in a net profit of $41.7 million. A significant contributor to this success was gains from foreign exchange, a key driver in the airline’s…

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El Al Reports $545 Million Profit for 2024, Sets $4 Billion Revenue Target for 2030

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.

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Cathay Group Reports $1.2 Billion Profit for 2024 Amid Revenue Growth

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.

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Cebu Air Reports 9M 2024 Revenue Growth Despite Profit Decline

Cebu Air, the Philippines’ largest airline, has reported its 9M 2024 financial results, highlighting an 11% increase in total revenue to $1.26 billion compared to the same period in the previous year. However, the airline’s net income fell by 33%, settling at $57.8 million. This mixed performance reflects both the recovery in travel demand and ongoing operational cost pressures impacting profitability.