Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
Volaris, Mexico’s leading ultra-low-cost airline, posted a net income of $46 million for the fourth quarter of 2024, despite a 7% decline in operating revenue to $835 million. The airline’s financial position remained strong, with total cash, cash equivalents, restricted cash, and short-term investments reaching $954 million.
Finnair has announced its financial results for Q4 2024, reporting a 7.7% increase in revenue to $812.1 million. Despite the revenue growth, the company posted a net loss of $8.7 million for the quarter.
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
