Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.
Spirit Airlines (US) has reported its financial results for 3Q 2024, showing a mixed performance. While total operating revenues stood at $1.1 billion, marking a slight year-over-year decrease, the airline faced a significant net loss of $308 million, which nearly doubled compared to the same quarter in the previous year.
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.
