TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Air Lease has announced impressive financial results for the first quarter of 2025, with total revenues rising 11.3% to reach $738.3 million, reflecting strong demand for leased aircraft amid a recovering global aviation market. More notably, net income increased 274.5%, climbing to $364.8 million, signaling robust profitability driven by a growing fleet and favorable lease terms.
Purolator, Canada’s leading integrated freight and logistics provider, has expanded its dedicated air cargo fleet with the delivery of an ATR72-500F, serial number 707. This turboprop freighter is powered by Pratt & Whitney Canada PW127F engines and is tailored for short-haul express delivery routes across the country.
Air Europa, a leading Spanish airline, is attracting significant investment interest from major global carriers as it prepares for a capital increase. According to CEO Jesus Nuno de la Rosa, potential investors include Air France-KLM, Lufthansa, Etihad Airways, and Delta Air Lines. The airline expects up to 20% of its capital to be subscribed through new shares before the summer of 2025.
American Airlines has announced that it will extend its suspension of flights to Israel, with services now expected to resume in September 2025. This decision adds an additional six months to the existing pause, as the airline evaluates safety, operational logistics, and regional stability. The extended suspension affects American Airlines’ plans to reconnect the U.S….
Air Algérie has announced the addition of two Airbus A320 aircraft on wet lease for the winter 2024/25 season, extending operations until March 2025. The aircraft, identified by serial 2950 and serial 4564, will support the airline’s increased operational demand during the winter months.
FlyOne, Moldova’s leading airline, is preparing to expand its fleet with the addition of an Airbus A320, bearing the serial number 4894. This aircraft is being leased from SMBC Aviation Capital, a prominent aircraft leasing company based in Ireland. The A320 is equipped with CFM56-5B4/3 engines, known for their efficiency and reliability.
