You know it was an awful event when the airline’s earnings report starts off talking about a near disaster. The airline reports that “Air Group’s first quarter operation and results were significantly impacted by Flight 1282 in January and the…
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Embraer reports a good 2023 and guides it to a strong 2024. In 4Q23, the adjusted EBIT was $181.7 million, with an adjusted EBIT margin of 9.2% excluding special items. Meanwhile, in 2023, adjusted EBIT was $350.0 million, and adjusted…
Lufthansa Group announced its 2023 earnings with the third-best financial results in its history. These results come as the airline faces, yet again, industrial action by ground workers and other staff. Lufthansa Group doubled its net profit from €791m to…
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…
LATAM Airlines Group unveiled its impressive financial figures for the fourth quarter and the full year of 2023, showcasing a solid performance with net profits of $582 million. The good results were expected , though. The year closed with revenues…