Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
Bangkok Airways has reported a solid financial performance for the first quarter of 2025, posting a net profit of US$50 million. This comes even as total revenue for the period showed a slight decline of 1.4%, settling at $171.3 million. The results reflect the carrier’s resilience and strategic cost management amid a competitive Southeast Asian aviation landscape.
Thai Airways International has officially completed the restructuring of Thai Smile Airways, its wholly owned regional subsidiary. As a result, the group will move forward with the dissolution of Thai Smile, integrating operations as part of a broader strategy to streamline its business and improve cost efficiency.
Air Chathams, a regional airline based in New Zealand, has been denied direct financial support from the Whakatane District Council, despite its efforts to sustain connectivity to major cities. However, in a partial concession, the council has agreed to waive airport fees for the next six months, offering limited operational relief to the carrier.
Widerøe, Norway’s largest regional airline, is planning to achieve $38 to $48 million in annual savings over the next three to four years to support a fleet renewal program, according to CEO Tore Jenssen. The initiative reflects the carrier’s effort to modernize its fleet while maintaining operational sustainability.
Ural Airlines, a Russian carrier, has announced it will distribute $84.5 million in dividends from its 2024 profits, reflecting strong financial performance during the year. The company also revealed that the remaining $130.6 million of net profit will be directed to its Accumulation Fund, aimed at supporting future growth and strategic investments.
Silver Airways, a U.S.-based regional carrier, has received a $5.78 million stalking horse bid from KIA II, a financial firm that had previously provided debtor-in-possession (DIP) financing to the airline. This development positions Silver Airways to move forward in its efforts to exit bankruptcy proceedings and reestablish operational normalcy.
SkyAlps, the Italian regional airline, has reinforced its management team in preparation for the summer 2025 season, appointing Alberto Casamatti as Accountable Manager and Valerio Dell’Angela as Postholder CAMO (Continuing Airworthiness Management Organisation). These strategic additions are intended to bolster operational integrity, regulatory compliance, and the airline’s growth trajectory.
Voepass Linhas Aéreas, a regional carrier in Brazil, has officially filed for bankruptcy protection, citing business disruptions stemming from its relationship with LATAM Airlines as a principal factor in its ongoing financial crisis. The filing comes as Voepass reports a total debt burden of approximately US$36.7 million.
LAM – Mozambique Airlines has significantly reduced the size of its operational fleet, now reportedly operating with only three aircraft after removing an unspecified number of Bombardier CRJ900s. The decision reflects a strategic fleet consolidation move amid financial and operational pressures.
