Air France-KLM, the Franco-Dutch airline group, has confirmed its intention to participate in the privatization process of TAP Air Portugal, the Portuguese national carrier. This announcement comes as the Portuguese government moves forward with plans to sell a stake in TAP, aiming to enhance the airline’s competitiveness and financial stability.
Wizz Air Holdings (Hungary) has reported its 4Q 2024 financial results, posting a total revenue of $1.2 billion, marking a 10.5% year-over-year increase. However, the airline’s net loss surged by 128.7% to $251.2 million, highlighting persistent financial challenges despite revenue growth.
Luxair, the flag carrier of Luxembourg, faces a pivotal moment as trade unions and management failed to reach an agreement regarding the cutbacks affecting crews during the pandemic. The ongoing dispute now heads to conciliation, seen as the only remaining option to resolve the matter.
airBaltic (Latvia) has announced its operational results for 2024, reporting a significant milestone of carrying 8.3 million passengers, a testament to the airline’s strong performance over the year. This marks a substantial increase compared to previous years, reflecting growing demand across its network. In 2024, the airline successfully operated 73,300 flights, highlighting its capability to meet passenger demand…
IAG (UK) has made a significant commitment to developing a hub in Lisbon if it successfully acquires TAP Air Portugal. This pledge highlights IAG’s intention to enhance the operational capabilities of TAP while strengthening Lisbon’s position as a key aviation hub in Europe. TAP Air Portugal has long been a crucial player in connecting Europe with South America and…
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…
