Air France-KLM, the Franco-Dutch airline group, reported a 6.4% increase in fourth-quarter (4Q) 2024 revenues, reaching US$8.4 billion. Despite this revenue growth, the group recorded a net loss of US$22.4 million for the quarter. For the full year 2024, Air France-KLM achieved a 4.8% rise in revenues, totaling US$33.7 billion, with a net income of US$523.5 million. As of December 31, 2024, the group’s cash position stood at US$10…
Norwegian Group has released its financial results for 2024, highlighting a 38% increase in operating revenue to $3.1 billion. Despite this significant revenue growth, the company experienced a 22% decline in net profit, totaling $120.5 million for the year.
Finnair has announced its financial results for Q4 2024, reporting a 7.7% increase in revenue to $812.1 million. Despite the revenue growth, the company posted a net loss of $8.7 million for the quarter.
JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
StandardAero, a leading aerospace maintenance and repair organization (MRO) based in the US, has reported a 13.2% year-over-year increase in revenue for the third quarter (Q3) of 2024, reaching $1.24 billion. The company also posted a net income of $16.4 million, reflecting its ability to sustain profitability while managing operational growth. Capital expenditures (CapEx) during the quarter amounted to $25.3 million, while cash reserves…
Aviation Capital Group (ACG), a leading US-based aircraft leasing company, has reported its 9M 2024 financial results with total revenues reaching $923 million and net income of $113.8 million. The company’s cash and cash equivalents stand at $241.9 million, underscoring ACG’s strong liquidity position and financial resilience in the aviation leasing market. This performance highlights ACG’s consistent revenue growth and profitability amid the recovery of the aviation…
Spirit AeroSystems, a leading U.S.-based aerospace manufacturer, has issued a stark warning regarding its financial health, stating that there is “substantial doubt” about the company’s ability to continue as a going concern. This cautionary statement comes as Spirit AeroSystems faces significant cash flow challenges, with cash reserves reportedly dwindling at a concerning rate. The announcement underscores…
Turkish Airlines has reported a strong financial performance for the first nine months of 2024, achieving a net profit of $2.7 billion on total revenues of $17.0 billion. The airline’s robust cash position, with cash and cash equivalents totaling $1.7 billion at the end of the period, highlights its financial resilience and capacity for continued…
