Norwegian Group has posted a net loss of $73.4 million for the first quarter of 2025, based on operating revenue of $639 million. The report reflects ongoing cost pressures and seasonal demand fluctuations typical of the first quarter, particularly in Europe’s low-cost air travel sector.
Grupo Viva Aerobus, the Mexican low-cost carrier, has reported a difficult first quarter for 2025 with total operating revenues down 20.7% to $491 million, accompanied by a net loss of $42 million. Despite the downturn, the airline maintains a strong cash and cash equivalents position of $780 million, which provides a cushion for near-term operations.
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
JetBlue has reported a net loss of US$208 million for the first quarter of 2025, accompanied by a 3.1% drop in operating revenue to US$2.1 billion. The decline comes amid lingering cost pressures and softening demand on certain domestic U.S. routes.
Wizz Air, the ultra-low-cost carrier based in Hungary, has taken delivery of a new Airbus A321neo, identified by serial number 11735, as part of its fleet expansion strategy aimed at increasing capacity and reducing per-seat operating costs. The aircraft is powered by LEAP-1A32 engines from CFM International, offering enhanced fuel efficiency and lower emissions.
Vueling, the Spanish low-cost subsidiary of the International Airlines Group (IAG), has received an Airbus A320neo, bearing serial number 11569, powered by LEAP-1A26 engines from CFM International. This latest delivery supports the airline’s ongoing strategy to reduce emissions and operating costs across its European network.
Vietjet Air (Vietnam) has signed a major aircraft financing agreement worth US$300 million with AV AirFinance (US), further strengthening its financial ties with key American institutions. This agreement is one segment of a larger portfolio of deals the airline has been actively pursuing to fund its fleet expansion and modernization.
Tigerair Taiwan has officially appointed Huang Shih-hui as the new chairwoman of its board, marking a significant leadership transition at the country’s only low-cost carrier. The appointment signals a commitment to strengthening executive governance and advancing the airline’s strategic goals in the competitive East Asian market.
Spirit Airlines, the U.S.-based ultra-low-cost carrier, has announced that CEO Ted Christie is stepping down from his role. While a formal search is underway for his successor, the company has established an interim office of the CEO to manage day-to-day operations and executive oversight.
Ryanair Holdings, headquartered in Ireland, has confirmed that 47% of its issued share capital was held by EU nationals at the close of its financial year on 31 March 2025. The disclosure reflects the airline group’s continued monitoring and compliance efforts with European Union ownership requirements.
