airBaltic swings to loss in 2024
airBaltic full year 2024 results plummeted to a net loss of €118.2 million, compared to a €33.7 million profit in 2023. The company said this primarily due to accelerated depreciation on its Pratt & W...
The Aviation Working Group (AWG) has released the First Edition of the Manual on Best Practice under and Interpretation of the EU Taxonomy for Sustain...
With its new fleet of A220s, Animawings is poised for growth. CFO Alin Ratoi discusses the airline’s growth strategy with Jonathan Kenwright.It is an ...
Setting the stage for its initial public offering (IPO), Latvian flag carrier airBaltic is gaining momentum, having secured pre-IPO investment to stre...
Airline Economics Growth Frontiers Dublin 2025 once again kicked off the start of another new year, setting the tone for what lies ahead for the aviat...
airBaltic full year 2024 results plummeted to a net loss of €118.2 million, compared to a €33.7 million profit in 2023. The company said this primarily due to accelerated depreciation on its Pratt & W...
Vietjet has signed a $300 million aircraft financing agreement with Carlyle Aviation Partners, with the agreement aiming to support the delivery of new aircraft through to 2026. The Vietnamese carrier...
American Airlines CEO Robert Isom said Flight 5342 had a “real impact” on its first quarter performance. The incident involved a CRJ700 operated by PSA Airlines as American Eagle colliding with a Blac...
US private aviation provider Wheels Up net losses widened during the fourth quarter of 2024 to $87.5 million, up from $81.5 million during the same period of the year prior.Revenue during the fourth q...
Jetcraft Commercial delivered two ATR 72-500 aircraft to Indonesian regional airline FlyJaya. The turboprops were first secured by Jetcraft Commercial from Cebu Pacific and have undergone comprehensiv...
Jackson Square Aviation (JSA) has placed a firm order with Airbus for 50 A320neo family aircraft. It marks the first direct order placed by the aircraft lessor with Airbus. The order follows its direc...
Nordic Aviation Capital (NAC) has sold two E190 airframes and two engines to Regional One, a purchaser, lessor, and seller of aircraft and parts.Additionally, NAC has also sold one E175 aircraft to ai...
Aircastle has completed the delivery of six 737 MAX 9 aircraft to United Airlines.The company delivered the first of these aircraft to United in December 2024, with all aircraft sent from Boeing’s pro...
Spirit Airlines reported a net loss of $138.4 million in January 2025. The income statement was filed with the US Bankruptcy Court on March 11, 2025. Spirit Airlines’ restructuring plan was approved b...
US Transportation Secretary Sean Duffy said on March 11, 2025, that changes will be made “permanent” to prevent helicopter traffic near Ronald Regan National Airport (DCA), following the mid-air colli...
Metro Aviation and Airbus Helicopters have signed an agreement for up to 36 H140 helicopters in the emergency medical services sector. This order from the Louisiana-based air medical services operator...
Sun Country Airlines CEO Jude Bricker said the company will need around five to seven engines a year. “It's one of the biggest challenges that we face right now,” said Bricker during JP Morgan's Indus...
Cathay Pacific reported slight profit growth during 2024, recording an annual profit of HK$9.9bn ($1.58bn), up by 1% on year prior. The Hong Kong-based airline citied this growth to a strong financial...
India’s SpiceJet has been hit with fresh legal action, after three Irish aircraft lessors and a former pilot filed insolvency petitions against the airline in the Indian National Company Law Tribunal ...
Qazaq Air will resume regular flights on the Turkistan-Samarkand route, effective from May 1, 2025. The route will operate twice a week.The resumption follows Samarkand International Airport announced...
Vietjet has signed a $300 million aircraft financing agreement with Carlyle Aviation Partners, with the agreement aiming to support the delivery of new aircraft through to 2026. The Vietnamese carrier...
airBaltic full year 2024 results plummeted to a net loss of €118.2 million, compared to a €33.7 million profit in 2023. The company said this primarily due to accelerated depreciation on its Pratt & W...
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...
Blueberry Aviation secured asset acquisitions totalling $113.65 million in 2024. The company said the assets are expected to meet sustained demand from its global clients. “Our 2024 performance demons...
Lithuanian charter and aircraft leasing company GetJet Airlines has appointed Inga Duglas as its new chief executive officer.Duglas will assume the role from March 12, 2025, succeeding Rūta Kulvinskai...
EL AL Israel Airlines' revenues soared 37% in 2024 reaching $3.4bn, supported by “unprecedented demand” as conflict continued throughout the year and airlines stripped back capacity in the country. “D...
Etihad Airways carried 1.6 million passengers in February 2025, up from 1.4 million a year prior. “Our passenger numbers in February saw a strong 14% growth compared to the same period last year, as w...
Qatar Airways is increasing frequencies on routes across its network, citing a commitment to increasing connectivity.The airline will increase frequencies on 11 routes, notably expanding its London se...
Emirates is to introduce its retrofitted 777 aircraft on services to Seoul and London’s Stansted airport.The airline will deploy the aircraft on its Seoul route from April 14, 2025, and on its London ...
airBaltic full year 2024 results plummeted to a net loss of €118.2 million, compared to a €33.7 million profit in 2023. The company said this primarily due to accelerated depreciation on its Pratt & Whitney engines, which amount to €73 million, the e...
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) engine issues.The airline's CEO Thanos Pascalis ...
Cathay Pacific reported slight profit growth during 2024, recording an annual profit of HK$9.9bn ($1.58bn), up by 1% on year prior. The Hong Kong-based airline citied this growth to a strong financial result during the second half of the year, which ...
EL AL Israel Airlines' revenues soared 37% in 2024 reaching $3.4bn, supported by “unprecedented demand” as conflict continued throughout the year and airlines stripped back capacity in the country. “Despite the difficulties, we maintained Israel's ai...
Explore the pulse of aviation with our Airline category. From fle...
Navigate the green skies with our Environmental category. Explore...
Follow the financial currents of aviation with our Finance catego...
Take flight into the dynamic world of aviation leasing with our L...
Meet the faces behind the wings in our People category. Discover...
Uncover the forefront of aviation innovation in our Technology ca...
Airline Economics+ members gain access to all member only content and special features across our group of websites - Aviation News Online, Airline Economics, Growth Frontiers, Jet Classified, and MRO Global. All available through our highly competitive membership. Sign up today to gain full benefit.
We're Social