China Southern Airlines has announced strong passenger performance for November 2024, reporting a 9.6% increasein total passengers to 12.8 million compared to the same month in 2023. The airline’s Passenger Load Factor (PLF) also showed significant improvement, rising by 5.9 points to 84.8%, reflecting enhanced operational efficiency and robust demand.
China Eastern Airlines has reported strong passenger growth for November 2024, with total passengers rising 13.9%year-over-year to 11.2 million. This marks a significant improvement in the airline’s performance, reflecting growing demand for air travel and continued recovery in the aviation sector.
Nok Air, a budget carrier based in Thailand, has amended its business rehabilitation plan, implementing critical changes to ensure financial recovery. The updated plan includes revised loan facilities, adjusted repayment terms to lessors, and an extension of the implementation timeline by one year, now running until September 2027.
International Airlines Group (IAG), headquartered in the UK, has reaffirmed its commitment to its stake in Air Europa, Spain’s prominent airline. The group announced its decision to participate in Air Europa’s capital increase, contributing $16.8 million to the initiative. This move ensures that IAG retains its 20% ownership in the airline, solidifying its strategic position in the Spanish and broader…
Tunisair, Tunisia’s national carrier, is set to benefit from a government-initiated rescue plan, aimed at addressing the airline’s financial and operational challenges. A key focus of the plan is fleet renewal, as several aircraft in Tunisair’s current fleet are projected to reach the end of their operational life between 2029 and 2030.
TAROM, the national carrier of Romania, has officially cleared its $23.7 million debt to the Romanian State, according to the National Agency for Fiscal Administration (ANAF). This development marks a significant step in the airline’s financial recovery and ongoing efforts to stabilize its operations.
Thai Airways International has announced plans to raise up to $1.27 billion through a share rights offering, marking a pivotal step in its efforts to exit court-supervised debt restructuring. This initiative will also enable the resumption of the trading of the airline’s stock on the Thai stock exchange.
Vietnam Airlines is seeking to bolster its financial standing through a proposed share issuance plan aimed at raising capital from existing shareholders. Lawmakers in Vietnam are currently evaluating options to facilitate this initiative, which could significantly strengthen the national carrier’s fiscal resilience and operational capabilities.
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.
