Triumph Group Delays Q2 FY2025 Results Following Settlement with Boeing

ByAdmin 04/11/202406/11/2024

Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting its financial projections and contractual terms with one of its largest clients.

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Financial | Management

Avianca Midco 2 Offers Note Exchange for Senior Secured Notes

ByAdmin 15/01/202517/01/2025

Avianca Group International‘s subsidiary, Avianca Midco 2, has officially announced an offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes for newly issued 9.000% Senior Secured Notes, both maturing in 2028. This exchange aims to provide enhanced financial flexibility and optimize the company’s capital structure.

Airlines | Financial | Flag Carrier

Austrian Airlines Reports 2024 Adjusted EBIT Decline Amid Revenue Growth

ByAdmin 06/03/202511/03/2025

Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.

Airlines | Financial | Flag Carrier

Lufthansa Issues €515M Hybrid Bond

ByAdmin 10/01/202510/01/2025

Lufthansa has successfully issued an unsecured euro hybrid bond with a total volume of US$515 million (approximately €475 million). This bond is part of Lufthansa’s financial strategy to maintain liquidity and strengthen its financial position. The bond bears an interest rate of 5.25% per annum and has a term of 30 years, demonstrating Lufthansa’s confidence in its long-term stability and growth.

Corporation | Financial

Mesa Air Group Reports Q3 Fiscal 2024 Financial Results: Revenue Decline Amid Continued Challenges

ByAdmin 16/10/202416/10/2024

Mesa Air Group has released its financial results for the third quarter of fiscal 2024, reporting total operating revenues of $110.8 million.

Airlines | Corporation | Financial

Air Europa Forecasts $3 Billion Turnover in 2024

ByAdmin 16/12/202417/12/2024

Air Europa Holdings, a leading Spanish carrier, anticipates closing 2024 with a turnover of nearly $3 billion, reflecting a 6.3% year-on-year increase. The growth comes as the airline focuses on reducing its leverage while continuing to expand and modernize its fleet. As part of its fleet expansion strategy, Air Europa plans to add three Boeing 787 Dreamliners and its first Boeing 737…

Airlines | Financial | Quarterly Performance

El Al Reports Strong Q3 2024 Performance

ByAdmin 20/11/202422/11/2024

El Al Israel Airlines has announced its financial results for Q3 2024, achieving robust growth and profitability. The airline reported a substantial increase in net profit, accompanied by a 44% rise in revenue to support its ongoing recovery and expansion efforts.