China Southern Airlines, one of China’s largest carriers, has announced its financial forecast for 2024, projecting a net loss attributable to shareholders estimated between $170.8 million and $255.6 million. This anticipated loss underscores the challenges the airline continues to face amidst a recovering but volatile aviation market.
True Air, previously known as SKS Airways, has announced the cessation of its operations. The Malaysia-based airline cited challenges in the regulatory environment, operational constraints, and the broader aviation landscape as key factors contributing to its decision to discontinue services.
Aerolíneas Argentinas has reported a loss of $326 million during the first quarter of 2024, despite achieving a total income of $1.64 billion. The financial results highlight the challenges the airline continues to face in a volatile global aviation market.
Air New Zealand reported a 2.1% reduction in capacity for October 2024 compared to the same period last year, attributing the decline to maintenance requirements, parts shortages, and an ongoing cabin upgrade program.
Lufthansa CEO Carsten Spohr has stated that supply chain disruptions in the aviation industry are likely to persist until the end of the decade. Speaking about the ongoing challenges, Spohr highlighted that aircraft delivery delays remain a significant concern for airlines globally, affecting fleet expansion and modernization plans.
