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UPDATE – Delhi-based low-cost airline SpiceJet has reported a net profit of Rs 2.05 billion for the quarter ending June 2023. This is an increase of 126 percent as compared to a net loss of Rs-7.890 billion in Q1 FY2023.…
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The global airline industry is expected to generate $9.8 billion in net profits this year, the International Air Transport Association (IATA) said on Monday in its latest outlook. This is more than double that of the December guidance of $4.7 billion.…
IndiGo reported a net profit of Rs 9.19 billion for the fourth quarter ending March 2023. This is the best-ever fourth-quarter profit reported by the airline, which enjoys a domestic market share of over 50 percent. The airline had reported…
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…