Cebu Pacific, the leading low-cost carrier in the Philippines, reported a steep decline in profitability for the first quarter of 2025, despite strong revenue growth. The airline’s net profit plunged by 79.2% year-over-year, dropping to $8.4 million, even as total revenue rose by 20.2% to $549 million.
IndiGo, India’s largest airline, has reported an 18.6% decline in profit for the third quarter of 2024, with net earnings falling to $283 million. The profit decrease was largely attributed to ballooning foreign exchange losses, which significantly impacted the airline’s financial performance during the quarter ending December 31, 2024.
Regional Plus Wings, a regional airline based in Japan, reported a 44.9% decline in consolidated net profit, reaching $17.3 million for the April–September 2024 period. The decline comes amid challenging market conditions and rising operational costs, affecting the airline’s financial performance.
