El Al Israel Airlines has announced its financial results for Q3 2024, achieving robust growth and profitability. The airline reported a substantial increase in net profit, accompanied by a 44% rise in revenue to support its ongoing recovery and expansion efforts.
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.
The Indonesian government is reportedly evaluating a change in leadership at Garuda Indonesia, as part of an initiative to enhance the airline’s profitability and support its growth ambitions. Current CEO Irfan Setiaputra may be replaced in a strategic move to position Garuda for a more financially stable and competitive future. Leading candidates for the position…
