Turkish Airlines continued its recovery by producing another profitable quarter, turning last year’s HY1 net loss into a solid profit. The carrier reported a $737 million net profit for January-June compared to $-1 million in the same period last year. Turkish...
Qatar Airways returned to profitability for the first time since 2017 and reported its highest-ever profit for FY21/22 at QAR 5.6 billion ($1.54 billion). According to the airline, this is 200 percent above its highest historical profit in 2016 and comes in a year...
Relaxed Covid restrictions have improved the results of two of Asia’s key airlines in May. Both Singapore Airlines and Cathay Pacific have reported higher passenger numbers and capacity for the past month, which confirms that Southeast Asia is slowly opening up....
State owned Uganda Air Cargo Corporation (UACC), is seeking to acquire an A330F and a mid-life 777 as part of a US$266 million resuscitation plan that will also see the purchase of 737 Combi and a 737-800 in the near term. The funds will be spent over five financial...
Singapore Airlines significantly reduced its losses last year, thanks to the reopening of borders in key markets and the resultant recovery in demand. Forward bookings for this summer are almost back to 2019 levels but high fuel prices and inflation are a concern, the...
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