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T’way Air Reports Q3 2024 Net Loss Despite 14.5% Sales Growth

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T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.

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Fitch Revises United Airlines’ Outlook to Positive, Affirms ‘BB-‘ Rating

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Fitch Ratings has revised its outlook on United Airlines, moving it from Stable to Positive, while affirming the airline’s Long-Term Issuer Default Rating (IDR) at ‘BB-’. This change reflects Fitch’s confidence in United Airlines’ improved financial stability and growth prospects, as the airline continues to recover post-pandemic and strengthen its market position in the competitive…

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Virgin Atlantic Cancels Planned London Heathrow-Accra Route

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Virgin Atlantic has announced the cancellation of its planned London Heathrow-Accra route, which was set to commence on May 1, 2025. The decision reflects adjustments in Virgin Atlantic’s route strategy as the airline reassesses its network plans. The Heathrow-Accra service was expected to connect the UK and Ghana directly, serving a significant market for business and leisure travelers…

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Japan Airlines Plans Regional Jet Orders in 2025 with Deliveries Starting in Fiscal Year 2028

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Japan Airlines (JAL) is preparing to place orders for regional jets in 2025, with the first deliveries anticipated in its fiscal year 2028, which begins on April 1, 2028. This strategic move aims to modernize JAL’s domestic fleet and improve regional connectivity across Japan.

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Kuwait Airways Receives Its First A330-900

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Kuwait Airways has taken delivery of its first Airbus A330-900, marking a significant milestone as the first airline in the Middle East to operate this advanced aircraft. The delivery of the A330-900, with serial 2081, represents a major step forward in the airline’s fleet modernization program.