Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia (TAA), has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a notable decline in net profit during the fourth quarter, contrasting with significant profit growth over the entire year.
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.
TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
Jeju Air, South Korea’s largest low-cost carrier, has reported a 5.4% increase in sales for the third quarter of 2024, totaling $335.2 million. However, the airline experienced a significant 59% decline in net profit, which fell to $31.3 million. The mixed results highlight the challenges Jeju Air faces in balancing revenue growth with profitability amid…
