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Spirit Airlines Reports $1.22 Billion Net Loss for 2024 as Revenue Declines

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Spirit Airlines (US) has announced a $1.22 billion net loss for 2024, with operating revenue declining by 8.4% to $4.91 billion. The low-cost carrier continues to face financial headwinds, including weaker demand, operational disruptions, and fleet challenges. Key Financial Performance Metrics Factors Contributing to the Loss Spirit Airlines’ financial struggles stem from multiple challenges, including: Strategic Response and Future Outlook…

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Air Transport Services Group Reports $27.4 Million Net Income for 2024 on $2 Billion Revenue

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Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.

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Aeroflot Group Reports $618 Million Net Profit in 2024 on $9.6 Billion Revenue

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Aeroflot Group (Russia) has announced a net profit of $618 million for the 2024 financial year, with total revenue reaching $9.6 billion. The results highlight Aeroflot’s strong financial rebound, driven by revenue growth, fleet optimization, and sustained passenger demand.

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SpiceJet Reports $2.9 Million Net Profit in Fiscal Q3 as Revenue Surges 35%

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SpiceJet, one of India’s leading low-cost carriers, has reported a net profit of $2.9 million for fiscal Q3 ending December 31, 2024, marking a significant turnaround in its financial performance. The airline saw total revenue surge 35% year-over-year to $188.7 million, reflecting improved operational efficiency and demand recovery.

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SIA Group Reports $1.2B Profit in Q3 FY2024/25

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SIA Group (Singapore) has delivered a strong financial performance in Q3 FY2024/25, reporting a net profit of $1.2 billion, marking a 146.7% increase compared to the previous year. The group’s total revenue also grew significantly, up 27% to $3.8 billion, reflecting strong passenger demand and improved operational efficiencies.

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Cargojet Reports Strong 4Q and Full-Year 2024 Financial Results

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Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.

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Alliance Airlines Reports 9.5% Profit Growth, Names New Chairman

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Alliance Airlines (Australia) has announced a 9.5% increase in statutory profit before tax, reaching $26.2 million for 1H FY2024, while revenues rose by 11.3% to $211.6 million for the period ending 31 December 2024. The company also confirmed the appointment of James Jackson as chairman.

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Skymark Airlines Reports 25.8% Net Income Drop for 9M 2024

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Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.

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Dubai Aerospace Enterprise Reports Strong 2024 Financial Performance

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Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.

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Allegiant Travel Reports 4Q 2024 Revenue Growth Despite Losses

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Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.