Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
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.
Global Crossing Airlines Group, a U.S.-based charter and ACMI service provider, has reported first-quarter 2025 revenue of $66.6 million, marking a 24% year-over-year increase. Despite this significant revenue growth, the airline posted a modest net loss of $200,000, illustrating a near break-even performance.
AerSale has reported a net loss of $5.3 million for the first quarter of 2025, on total revenue of $65.8 million, according to its latest financial disclosure. While the company recorded modest income from asset sales, including the transaction of a single engine during the period, the quarter was marked by significant investments in its future inventory and operations.
Willis Lease Finance Corporation (NASDAQ: WLFC), a leading lessor of commercial aircraft engines and global aviation services provider, announced its financial results for the first quarter ended March 31, 2025. The company reported record quarterly revenue of $157.7 million, marking a 32.5% increase compared to the same period in 2024. Pre-tax income for the quarter was $25.3…
ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.
Spirit AeroSystems Holdings, one of the world’s largest independent manufacturers of aircraft structures, has reported a challenging first quarter for 2025, marked by a 11% drop in revenue to $1.5 billion and a substantial net loss of $613 million.
Frontier Group Holdings, the parent of ultra-low-cost carrier Frontier Airlines, has announced its financial performance for the first quarter of 2025, reporting total operating revenues of $912 million, a 5% increase year-over-year. However, despite the revenue growth, the company posted a net loss of $43 million for the quarter.
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.
Volaris reported a net loss of US$51 million for the first quarter of 2025, driven by a 12% decline in total operating revenue to US$678 million. The Mexican ultra-low-cost carrier also reported total liquidity of US$862 million, including cash, cash equivalents, and short-term investments.
