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.
International Airlines Group (IAG) is exploring the potential launch of a new low-cost carrier (LCC) in Madrid, should salary negotiations with Iberia Express pilots fail to reach a resolution. At the same time, the Group is reconsidering its position in Air Europa, weighing the possibility of maintaining its 20% stake without participating in an upcoming capital increase.
Thai AirAsia, a prominent low-cost carrier based in Thailand, has unveiled plans to bolster its fleet by introducing six new Airbus A321neo aircraft in 2025. This expansion will bring the airline’s total fleet size to 66 aircraft by the end of the year.
Eastar Jet, a prominent low-cost airline based in South Korea, has successfully secured a $21 million investmentfrom SG Private Equity, a private equity firm headquartered in Seoul. This strategic infusion of capital is aimed at bolstering Eastar Jet’s efforts to expand its fleet and strengthen its operational capabilities.
Jeju Air (South Korea) has announced its 2024 financial results, showing total revenue climbed 12.3% to $1.3 billion, reflecting strong passenger demand. However, the airline’s net profit plummeted 83.8% to $15 million, impacted by rising operational costs and economic challenges.
Jeju Air, South Korea’s leading low-cost carrier, has bolstered its fleet by acquiring a new Boeing 737-8 aircraft. This addition brings the airline’s total fleet size to 41 aircraft, including three B737-8 units received since 2023.
Frontier Airlines is once again pursuing a merger with Spirit Airlines, reviving a deal that previously fell through. The parent company, Frontier Group Holdings, has put forth a proposal that includes $400 million in newly issued debt and common stock, aiming to consolidate operations with the ultra-low-cost carrier.
Ryanair Holdings, Europe’s largest low-cost carrier, has reported a 3Q profit after tax of $156 million, driven by a 10% increase in revenue to $3.1 billion. The strong performance underscores Ryanair’s resilience amid evolving market conditions in the aviation industry.
Vueling, a low-cost carrier based in Spain, is set to bolster its fleet with five new aircraft allocated by its parent company, International Airlines Group (IAG). This decision will enhance Vueling’s operational capacity during the summer 2025 season, a crucial period for air travel demand.
Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
