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Month February 2024
2023 Financial Recovery for BA/IAG and AF/KLM
British Airways, IAG Group, and Air France/KLM reported strong profits for 2023 as Europe’s aviation industry continues to rebound from the global pandemic. IAG had a solid fourth quarter and year, while AF/KLM had a 4th quarter loss but a…
South African Airways files financials
South African Airways (SAA) has a storied 90-year past and a murky future. We first looked at its murky future in 2021 . And in 2022. And in 2023. Much like the case of Air India as a state-owned entity,…
Ryanair vs. Booking.com
Ryanair has a business model that works well for itself. Any third party invariably runs into issues. Given the airline is a ULLC, it doesn’t play well with others – and that’s fine, provided customers deal with the airline directly.…
Gol wins U.S. court bankruptcy loan approval
Gol received U.S. court approval on Wednesday for a $1 billion loan after resolving the concerns of a group of lenders that feared the new loan would sideline them. Background on this case can be found here. We reported on…
IATA reports 2023 Safest Flying Year
The International Air Transport Association (IATA) released its 2023 Annual Safety Report for global aviation. Aviation continues to progress on safety, with several 2023 parameters showing “best-ever” results. There were no hull losses or fatal accidents involving passenger jet aircraft…