AirAsia Indonesia has announced a substantial 20% increase in revenue for the third quarter of 2024, reaching $375 million. This growth was bolstered by strong travel demand as the airline carried 4.99 million passengers, marking a steady post-pandemic recovery in Southeast Asia’s aviation sector. The increased passenger volume reflects the success of AirAsia Indonesia’s strategies…
Air China reported its financial results for the third quarter of 2024, noting a 6% year-over-year increase in revenue, totaling $6.8 billion. This growth was driven by steady demand for both domestic and international flights, as well as strategic capacity adjustments to optimize load factors across its extensive route network. Despite this increase in revenue,…
Aeroflot has reported a strong financial performance for the first nine months of 2024, achieving a net profit of 26.3 billion rubles. This profit marks a significant turnaround from a 94.6 billion ruble loss in the same period in 2023. Contributing to this success was a 47.3% rise in revenue to 526.2 billion rubles, fueled…
Lithuanian MRO provider FL Technics has set an ambitious goal to reach a $1.1 billion turnover by 2030, nearly tripling its projected revenue for 2024. CEO Zilvinas Lapinskas outlined this growth plan at MRO Europe, focusing on extensive facility expansions across Europe, Asia-Pacific, and Latin America. The strategy includes new and improved maintenance facilities in…
Eve Air Mobility, an Embraer subsidiary, recently announced a new $50 million bank loan to support the continued development of its electric vertical take-off and landing (eVTOL) aircraft. This funding aligns with Eve’s focus on transforming urban air mobility by creating sustainable, zero-emission transport options for congested cities. The loan will enhance Eve’s ability to…
Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ending September 30, 2024, demonstrating strong leasing performance and resilient revenue growth. The company, a leading global aircraft lessor, saw positive trends across its leasing and management portfolios, which contributed to increased profitability in a dynamic market. DAE has managed to navigate…
China Southern Airlines has announced a significant financial turnaround with a net profit of $447 million for the third quarter of 2024. This achievement reflects a steady recovery in the aviation market and is supported by robust passenger demand and strategic operational adjustments. The airline’s Q3 results show that China Southern has successfully capitalized on…
Avolon Holdings Limited reported robust third-quarter 2024 financials, with lease revenue reaching $773 million, a testament to strong operational performance and increased demand for aircraft leasing. This quarterly revenue signifies a 5% year-over-year increase, driven by Avolon’s ongoing expansion of its high-utilization fleet. The company also recorded a net income growth for the period, reflecting…
AerCap Holdings N.V. reported a solid Q3 2024, delivering a net income of $375 million and an adjusted net income of $463 million, reflecting its strong market position and operational stability. AerCap increased its 2024 adjusted earnings per share (EPS) guidance to around $10.70, driven by record cash flows and high asset utilization. Over the…
SWISS International Air Lines reported an operating profit of CHF 505 million for the first nine months of 2024, despite an 18% decline from last year’s record earnings. This result comes as total revenue reached CHF 4.2 billion, reflecting a 5.7% increase, supported by robust summer travel demand and resilient performance in the cargo division,…
