Sun Country Airlines Holding, a hybrid carrier based in the United States, has reported its financial results for the first quarter of 2025, highlighting a profitable start to the year. The airline posted total operating revenue of $326.6 million, a 4.9% increase year-over-year.
Spirit AeroSystems Holdings, one of the world’s largest independent manufacturers of aircraft structures, has reported a challenging first quarter for 2025, marked by a 11% drop in revenue to $1.5 billion and a substantial net loss of $613 million.
Frontier Group Holdings, the parent of ultra-low-cost carrier Frontier Airlines, has announced its financial performance for the first quarter of 2025, reporting total operating revenues of $912 million, a 5% increase year-over-year. However, despite the revenue growth, the company posted a net loss of $43 million for the quarter.
Air Astana Group, the flag carrier of Kazakhstan, has announced robust financial results for the first quarter of 2025, highlighting continued recovery and operational efficiency across its business units. The Group reported total revenue and other income of $292.4 million, marking a 10.4% increase compared to the same quarter the previous year.
Vietnam Airlines has reported a significant financial rebound for the first quarter of 2025, registering a consolidated pre-tax profit of approximately $138 million. The achievement is further supported by an 11% increase in consolidated revenue, reaching $1.2 billion, signaling a sustained recovery from the post-pandemic period and effective strategic implementation by the airline.
Grupo Viva Aerobus, the Mexican low-cost carrier, has reported a difficult first quarter for 2025 with total operating revenues down 20.7% to $491 million, accompanied by a net loss of $42 million. Despite the downturn, the airline maintains a strong cash and cash equivalents position of $780 million, which provides a cushion for near-term operations.
Garuda Indonesia has reported a net loss of $76.4 million for the first quarter of 2025, despite generating $603.6 million in revenue from scheduled flight operations. The results underscore the continuing financial challenges faced by the national carrier amid a complex post-restructuring recovery process.
Airbus has reported a robust performance for the first quarter of 2025, with revenues rising 6% to reach $13.5 billion. The European aerospace giant recorded a net income of $793 million and ended the quarter with a net cash position of $11.0 billion. The company logged gross commercial aircraft orders of 280, and after accounting for cancellations, concluded the period with 204 net orders.
Aeroflot, Russia’s flagship carrier, has reported a solid financial performance for the first quarter of 2025, achieving a net profit of $689 million. The carrier’s revenues also rose 12.4% year-on-year, reaching a total of $1.9 billion, highlighting strong demand recovery and robust cost management across its operations.
Utair, a prominent regional airline based in Russia, recorded a net profit of US$7.7 million in the first quarter of 2025, supported by a 13.7% year-over-year revenue increase to US$209.5 million. The results highlight the airline’s operational resilience amid continued economic uncertainty.
