Air travel in Europe is expected to fully recover to pre-pandemic levels in 2025, Eurocontrol says in its forecast for 2023 to 2029. The air traffic management organization is seeing ‘vivid pent-up demand’ this year, but after 2025 it expects a slowdown due to...
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 to an even better...
The return of Asian traffic to Europe and a particularly strong transatlantic market will likely see robust demand for Ryanair from Easter in its Q1 FY24 through the summer period. With other airlines still at lower capacity compared to pre-pandemic levels and Ryanair...
Despite “solid momentum” and “a significant decrease of its adjusted operating loss” in Q4, Air Transat’s parent company Transat AT ended FY22 with a deeper net loss compared to the previous year. The Canadian group reported a loss of C$-445.3 million for the...
Dublin-based Japanese lessor SMBC Aviation Capital expects to close the acquisition of Goshawk Aviation in the coming weeks. SMBC announced the acquisition in May and said then it would be closed in the second half of the year. SMBC will pay $6.7 billion for Goshawk...
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