SATA (Portugal) has announced an ambitious plan to achieve $67 million in savings through its financial sustainability plan, which will roll out across 2025. This comprehensive plan includes 40 targeted measures aimed at streamlining operations, improving efficiency, and reducing costs.
JetBlue Airways, a prominent US-based low-cost carrier, has revised its 2024 financial guidance, signaling adjustments in both revenue expectations and cost metrics. The airline now anticipates a 3.5% to 4.5% decline in revenue for the fiscal year, an improvement from its initial projection of a 4% to 5% drop. Concurrently, the Cost per Available Seat Mile (CASM) excluding fuel is expected…
Embraer has finalized the implementation of its ONEChain Program, a transformative initiative designed to enhance the management of its supply chain. This program is a key element of the company’s growth strategy, leveraging digital transformation to streamline operations and improve efficiency across the supply chain.
El Al Israel Airlines has announced its financial results for Q3 2024, achieving robust growth and profitability. The airline reported a substantial increase in net profit, accompanied by a 44% rise in revenue to support its ongoing recovery and expansion efforts.
Etihad Airways, the national airline of the United Arab Emirates, has reported strong operational results for October 2024, carrying 1.6 million passengers. The airline also achieved a Passenger Load Factor (PLF) increase of 1.0 percentage point, reaching 87% for the month.
TAROM, Romania’s national airline, may need to go beyond its current restructuring plan to secure its future, according to an independent auditor. This assessment comes despite the airline showing improved financial results for 2023, indicating progress but not enough to address long-term sustainability.
EVA Air, a leading airline based in Taiwan, has reported impressive financial results for Q3 2024, showcasing significant growth in both revenue and net income. The airline’s revenue increased by 7.3% year-over-year to reach $1.76 billion, while its net income surged by 51%, totaling $276.3 million. These results underscore EVA Air’s strong operational performance and effective cost management strategies.
JAL Group (Japan Airlines) has reported its financial performance for the second quarter of the fiscal year ending March 2025, showcasing a robust 10% increase in revenue despite a decline in net profit. The group’s revenue rose to approximately $5.9 billion, reflecting continued recovery and demand in the aviation sector.
