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.
Turkish Airlines reported a net loss of US$44 million for the first quarter of 2025 on revenues totaling US$4.88 billion. Despite the loss, the airline maintained a strong cash and cash equivalents position of US$2.3 billion, reinforcing its liquidity strength heading into the peak summer season.
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.
Southwest Airlines has reported a net loss of $149 million for the first quarter of 2025, reflecting the challenges of cost escalation and flat yield growth despite an uptick in operational revenue. The airline’s operating revenues rose 1.6% year-on-year to $6.4 billion, while it maintained a liquidity reserve of $9.3 billion, underscoring its financial stability in the face of earnings…
American Airlines posted a net loss of $473 million for the first quarter of 2025, despite generating $12.6 billion in revenue, reflecting the continued challenges facing major U.S. carriers in managing costs and restoring profitability post-pandemic.
Alaska Air Group reported a net loss of $166 million for the first quarter of 2025, despite achieving a substantial 41% year-on-year increase in operating revenues, which rose to $3.13 billion. The results highlight the ongoing financial challenges facing the airline, even as passenger demand and revenue streams show significant recovery momentum.
