China Southern Airlines, one of the largest carriers in Asia, has disclosed its financial results for 2024, highlighting a net loss of US$244 million. Despite the loss, the airline saw a notable increase in revenue, which grew by 8.9% to $23.9 billion.
China Eastern Airlines, one of the major carriers in Asia, has reported a substantial decrease in its net loss for the year 2024. The airline’s net loss was recorded at US$578 million, which represents a reduction of almost 50% from the previous year’s figures.
Nordstar Airlines, based in Russia, has reported a substantial increase in its financial performance for 2024, with net profit rising by 2.2 times to $43.5 million. This significant growth in profitability is on the back of a revenue increase of 12.3% year-over-year, totaling $245.4 million.
Xiamen Airlines, a leading Chinese carrier, has recently taken delivery of a new Boeing 737-8, bearing the serial number 42964. This state-of-the-art aircraft is powered by LEAP-1B engines, known for their fuel efficiency and performance.
Smartwings, a leading airline based in the Czech Republic, has recently taken delivery of a new Boeing 737-8, bearing the serial number 62915. This state-of-the-art aircraft is powered by LEAP-1B27 engines, known for their fuel efficiency and performance.
Marabu Airlines, the Estonian-based carrier, has recently taken delivery of an Airbus A320neo, bearing the serial number 8426. This modern aircraft is powered by Pratt & Whitney PW1127G-JM engines, known for their fuel efficiency and performance.
Icelandair has announced its financial results for the fourth quarter of 2024, reporting a 10% increase in revenue, totaling $349 million. Despite this growth, the airline experienced a net loss of $20 million for the quarter.
SpiceJet, a prominent Indian airline, has announced plans to reintroduce one of its grounded Boeing 737 MAX aircraft back into operations starting 29 January 2025. This move marks the beginning of a phased plan to return 10 aircraft to service by mid-April 2025, enhancing the carrier’s operational capacity.
Ryanair Holdings, Europe’s largest low-cost carrier, has reported a 3Q profit after tax of $156 million, driven by a 10% increase in revenue to $3.1 billion. The strong performance underscores Ryanair’s resilience amid evolving market conditions in the aviation industry.
United Airlines has revised its aircraft delivery expectations for 2025, citing delays from original equipment manufacturers (OEMs). The carrier now plans to take delivery of 71 narrow-body aircraft and 10 wide-body aircraft, a reduction from the 100 deliveries originally anticipated.
