Turkish Airlines (THY) has announced a net profit of $650 million for the first half of 2025, marking a sharp decline from the $1.169 billion profit posted during the same period in 2024. The drop in profitability was primarily attributed to rising financing expenses and foreign exchange losses, which significantly impacted the bottom line.
Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.
China Southern Airlines has issued a forecast anticipating a net loss ranging from US$187 million to US$245 millionfor the first half of 2025. The announcement signals a challenging start to the year for one of China’s largest carriers, as lingering structural issues and macroeconomic headwinds continue to impact profitability.
Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
