Turkish Airlines reported a strong second quarter, with an operating profit up 49.8 percent year on year to $794 million. The HY1 profit was up by 31 percent to $908 million, thanks to 25 percent higher revenues, the airline said…
African airlines saw mixed fortunes during June 2023 with traffic rising 34.7 percent year on year but cargo demand dipping 2.8 percent relative to June 2022, the International Air Transport Association (IATA) says in its analysis of market data for…
Cathay Pacific has returned to profitability for the first time since the pandemic, reporting a HK$4.763 billion net profit for the first half year of 2023. The carrier recovered strongly after travel restrictions in Hong Kong and China were lifted,…
Boeing’s aim to stabilize 737/MAX production and deliveries (and that of other models…) hasn’t quite worked out in July. At 43 deliveries, the number was lower than that of June, when the airframer dispatched 60 aircraft to lessors and airlines.…
Arabian full-service carrier Oman Air has announced a comprehensive restructuring plan that will take up to three to four years to complete. The restructuring is done “in the interest of financial sustainability and operational continuity”, the airline said on August 8.…
Entebbe International Airport appeared to be consolidating the gains registered during 2022, with passenger traffic during the first half of 2023, surpassing pre-pandemic levels for the first time in three years. Traffic through Uganda’s major international gateway, edged 0.71 percent past…