Marabu, an Estonian-based carrier, has announced plans to close its Munich base in summer 2025 as part of a strategic shift to manage rising operational costs and address challenges related to wet-leased aircraft availability. The airline will also scale back flights from Stuttgart and Cologne while concentrating its operations on Hamburg, Leipzig/Halle, and Nuremberg.
T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.
Condor, a German leisure airline, is set to expand its flight schedule for the summer 2025 season, adding new routes from Frankfurt to major European destinations, including Rome, Milan, Prague, Vienna, Zurich, Berlin, Hamburg, and Munich. In addition to the expanded routes, Condor plans to relocate a total of five aircraft to Zurich, Vienna, Prague,…
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…
