Turkish Airlines surprised with a $2.7 billion net profit for 2022, one of the highest seen within the industry so far and not even matched by the three US carriers. The carrier is citing strong revenue development that saw last…
flydubai reported record results for 2022, producing a historic profit of AED 1.2 billion ($327 million). It also inducted a record number of seventeen new aircraft but is still short of capacity, so it turned to wet leasing to add…
Factory-delivered Airbus A350-900s will be the first aircraft in the Lufthansa fleet to receive the new Allegris First Class Suites in 2024. Next will be the 777-9s that the German airline hopes to receive in 2025, while the in-service 747-8Is will…
Thai Airways slipped back into a loss in 2022. While the airline benefitted from the recovery of passenger traffic and tourism, expenses were also higher. A gain on debt restructuring that contributed positively to the 2021 results was lacking last year,…
SAS Scandinavian Airlines expects to start the equity solicitation process no later than April which should result in attracting fresh funding from investors. This is a major step that, if successful, should lead to SAS exiting Chapter 11 restructuring in…
Another major airline group returned to profitability in 2022, with International Airlines Group (IAG) reporting a €431 million net profit compared to a €-2.933 billion net loss for 2021. The past year was a strong one for recovery. IAG looks ahead…