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Ryanair Sees 93% Profit Drop Due To Rising Fuel Costs
Fuel costs rose 35% during the quarter to €1.2 billion, while overall operational expenses were up 26%, eating into Ryanair's €2.7 billion revenue.
American Airlines Scores Record Full Year Revenue Of $53 Billion
American Airlines exceeded initial market projections amid improved operational performance and sustained demand through 2023.
Bankruptcy Coming? GOL May File For Chapter 11 Status
Brazil's GOL is attempting to restructure leases - and may have to go to bankruptcy court.
easyJet Relaunches 'Runway' Graduate Program For Critical Roles
Applications are open until mid-January 2024.
IATA Expects Airlines To Earn Profits Of $25.7 Billion Next Year
2024's figures represent a slight improvement on this year.
SAS Set To Leave Chapter 11 Bankruptcy After 1.5 Years
The Air France-KLM-backed rescue package remains subject to final approvals by US courts in early 2024.
Record Traffic Pushes Wizz Air To $428 Million Profit
Passenger levels jumped over 25% in the months leading up to September, with robust demand keeping load factor above 90%.
Airbus On Track To Deliver 720 Aircraft In 2023 After Strong Q3
Year-to-date, the European aircraft manufacturer has delivered 488 aircraft, including almost 400 A320 family jets.
easyJet Expected To Boost Profits Despite London ATC Chaos
The low-cost carrier's end-of-year pre-tax profits are expected to exceed 2019 levels, reaching up to £552 million.
One Step Closer: $42 Million Injected Into Reviving Jet Airways
Could the defunct Indian carrier be on its way back?
JetBlue Expects Weather & Staff Shortages To Hit Q3 Revenue
Operational costs are projected to rise through the third quarter amid an increase in fuel prices and continued ATC staff shortages.
Record Numbers: Air Transat Achieves Its 1st Net Profit Since COVID
The carrier has narrowed its year-to-date pandemic losses to just C$28 million, owed to sustained demand for leisure travel through the summer.
Turkish Airlines Sees 9% Passenger Increase In July
In July, 8.6 million passengers traveled with the Turkish flag carrier, bringing year-to-date traffic figures to 47.3 million.
Spirit Airlines Reports $2.3 Million Net Loss For The 2nd Quarter Of 2023
The US airline has seen a dip in earnings this summer.
Air Antilles' Parent Company Has Been Placed Into Liquidation
The decision follows last month's announcement that the airline had filed for non-payments amid a prolonged pilots' strike.
Record Month: Ryanair Carries 1.3 Million More Passengers Than Ever Before
Over 18.7 million passengers were carried by the low-cost carrier during July, smashing its previous monthly record set in June.
American Airlines Just Posted Its Highest Ever Quarterly Revenue
Revenues grew by 6.2% between 2022 and 2023 for a record-breaking $14.1 billion revenue and $2.1 billion income.
Will Latin American Carriers Be Profitable In 2023?
During 2023’s first quarter, a positive but minimal net margin of 0.04% was achieved.
American Airlines Says That Q2 Is Going Better Than Expected
American Airlines has adjusted its profit guidance for Q2 amid increased demand and lowered fuel costs through May.
Booming: Ryanair Records A €1.43 Billion Profit For 2022 Despite A Q4 Loss
Strong demand and rising ticket prices offset Ryanair's skyrocketing operational costs through 2023, with revenue increasing to €10.78 billion.