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.
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.
GE Aerospace has released its financial results for the first quarter of 2025, reporting robust growth across all key metrics. The company posted $9.9 billion in revenue, marking an 11% increase year-over-year, driven by strong demand for commercial and defense-related aviation technologies.
Israir has disclosed its financial results for 2024, showcasing a significant improvement in both revenue and profitability. The Israeli carrier’s revenue soared by 16.2% to reach US$453 million, a testament to its growing influence and expanding operations in the aviation market.
Utair, a key player in the Russian aviation sector, has announced a net profit of $10.3 million for the year 2024. The airline also saw a significant increase in its revenue, which rose by 20.9% to reach $941.9 million.
S7 Airlines, one of Russia’s premier carriers, experienced a significant drop in net profit by 33.5%, totaling $166.6 million for the year 2024, despite a marginal revenue increase of almost 1% to $2.2 billion.
China Southern Airlines, one of the largest carriers in Asia, has disclosed its financial results for 2024, highlighting a net loss of US$244 million. Despite the loss, the airline saw a notable increase in revenue, which grew by 8.9% to $23.9 billion.
Air China, one of the leading airlines in Asia, has disclosed its financial results for 2024, revealing a slight net loss of US$3.2 million. Despite the loss, the airline recorded a substantial increase in revenue, which surged by 17.2% to reach $23.9 billion.
Nordstar Airlines, based in Russia, has reported a substantial increase in its financial performance for 2024, with net profit rising by 2.2 times to $43.5 million. This significant growth in profitability is on the back of a revenue increase of 12.3% year-over-year, totaling $245.4 million.
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
