Air Lease Corporation (ALC) executive chairman Steven Udvar-Hazy will retire on May 2, 2025, leaving behind a lasting legacy as the pioneer of the aviation leasing industry. Udvar-Hazy — who founded A...
Spirit Airlines has emerged from its financial restructuring on March 12, 2025, reducing its debt by around $795 million. Spirit confirmed it will be moving ahead with its premium offerings, supported...
Cyprus Airways may take legal action against engine manufacturer Pratt & Whitney if an agreement is not reached soon regarding the prolonged grounding of its A220 fleet due to the geared turbofan (GTF...
Delta Air Lines cut its first quarter revenue guidance on March 10, 2025, driven by a softness in domestic demand. Revenues for the March-ending quarter are expected to be up 3-4% compared to first qu...
Lufthansa Group’s core business Lufthansa Airlines reported “very disappointing results” with EBIT going from a positive €866 million to a negative €116 million in 2024. The airline’s revenues were up...
Air France-KLM swung to profit in 2024 with net earnings totalling €489 million in the full year, up €501 million. Fourth quarter net losses totalled €21 million, improving €210 million compared to fo...
Spirit AeroSystems said it will need funding to continue operations after reporting a net loss of $577 million in the fourth quarter of 2024, down from its $75 million net profit in the fourth quarter...
Rolls-Royce’s civil aerospace segment reported a gross profit of £2bn in 2024, up 44% on 2023, the company reported on February 27, 2025. Revenues were up 24% to £9bn.The civil aerospace segment impro...
AerCap, the world’s largest aircraft lessor, has continued to make strong gains on asset sales throughout 2024 as the supply of new aircraft remains constrained. Chief executive of AerCap, Aengus Kell...
Japan’s ANA Holdings will purchase 77 new aircraft, including 68 confirmed orders and nine options for small and medium-sized aircraft. The order reflects expectations for growing passenger demand, pa...
Azul Brazilian Airlines reported a net loss of 4.4bn Brazilian reais ($767.4 million) in the fourth quarter of 2024, widening significantly from 52.8 million reais ($9.2 million) a year prior. In addi...
Spirit Airlines’ restructuring plan has been approved by a US bankruptcy court on February 20, 2025. The company expects to emerge from chapter 11 in “the coming weeks”. “Today's approval is a major m...
We're Social