Volaris reported a net loss of US$51 million for the first quarter of 2025, driven by a 12% decline in total operating revenue to US$678 million. The Mexican ultra-low-cost carrier also reported total liquidity of US$862 million, including cash, cash equivalents, and short-term investments.
Turkish Airlines reported a net loss of US$44 million for the first quarter of 2025 on revenues totaling US$4.88 billion. Despite the loss, the airline maintained a strong cash and cash equivalents position of US$2.3 billion, reinforcing its liquidity strength heading into the peak summer season.
PAL Holdings, the parent company of Philippine Airlines, reported a net profit of US$77 million for the first quarter of 2025, supported by a 2.5% revenue increase to US$834.2 million. The results underscore the group’s ongoing recovery momentum in the Southeast Asian aviation market.
MTU Aero Engines reported first-quarter 2025 revenues of US$2.3 billion and adjusted earnings of US$340.9 million, driven by robust performance in both the original equipment manufacturing (OEM) and maintenance, repair, and overhaul (MRO) segments.
Lufthansa Technik reported a 49.5% increase in adjusted EBIT to US$183 million during the first quarter of 2025, supported by a robust 18.4% growth in revenue to US$2.2 billion. The results reflect sustained recovery in global MRO (maintenance, repair, and overhaul) demand.
Lufthansa Group reported a 10% increase in revenue for the first quarter of 2025, reaching US$9.2 billion, while recording an adjusted EBIT loss of US$821 million. Despite the loss, the group maintained a strong liquidity position of US$12.9 billion.
LATAM Airlines delivered strong financial results for the first quarter of 2025, posting a 2.7% increase in total revenues to US$3.4 billion and a 37.6% rise in net income to US$355 million. The group’s liquidity position remained solid with US$2.1 billion in cash and cash equivalents.
JetBlue has reported a net loss of US$208 million for the first quarter of 2025, accompanied by a 3.1% drop in operating revenue to US$2.1 billion. The decline comes amid lingering cost pressures and softening demand on certain domestic U.S. routes.
Finnair reported a modest revenue increase of 1.9% in the first quarter of 2025, reaching US$789.8 million, but still closed the quarter with an operating loss of US$60.7 million. The results reflect seasonal pressures combined with ongoing efforts to rebuild profitability following a period of prolonged headwinds.
Brussels Airlines reported an adjusted EBIT loss of US$60 million for the first quarter of 2025, showing a 9% year-on-year improvement compared to the same period in 2024. Despite remaining in the red, the airline expressed confidence in achieving full-year profitability for 2025.
