Allegiant, a U.S.-based low-cost carrier, has initiated a significant shift in its fleet composition. During the third quarter of 2024, Allegiant retired four Airbus A320s, marking the beginning of a phased transition to the Boeing 737 MAX. The airline recently took delivery of its first 737 MAX, with plans to receive an additional 11 MAX…
Jeju Air, South Korea’s largest low-cost carrier, has reported a 5.4% increase in sales for the third quarter of 2024, totaling $335.2 million. However, the airline experienced a significant 59% decline in net profit, which fell to $31.3 million. The mixed results highlight the challenges Jeju Air faces in balancing revenue growth with profitability amid…
Cargojet, Canada’s premier air cargo carrier, has reported strong financial results for the third quarter of 2024, with total revenue rising by 14.8% to $176.6 million. The company also achieved a remarkable 182.9% increase in net earnings, reaching $21.3 million, underscoring Cargojet’s resilience and efficiency in a competitive market.
Air Astana Group, the national airline group of Kazakhstan, has reported strong financial results for the third quarter of 2024, achieving a 10.4% increase in total revenue and other income, reaching $410 million. The group’s adjusted EBITDAR rose by 12.6% to $128.8 million, reflecting operational efficiency and growing demand across its network. With a robust…
Willis Lease Finance Corporation (WLFC), based in the United States, has announced a significant financial performance for the third quarter of 2024, with total revenues increasing by 38.3% to $146.2 million and net income rising by 64.8% to $24 million. This impressive growth highlights WLFC’s strong market position and successful business strategies in the aircraft…
