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Turkish Airlines surprises with $2.7 billion profit

Turkish Airlines surprises with $2.7 billion profit

by Richard Schuurman | Mar 1, 2023 | Airlines | 3 comments

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 year outpace 2019 at every level....
flydubai reports record-high profit as growth continues

flydubai reports record-high profit as growth continues

by Richard Schuurman | Mar 1, 2023 | Airlines | 0 comments

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 more seats. flydubai reports...
Thai Airways slips back into full-year loss

Thai Airways slips back into full-year loss

by Richard Schuurman | Feb 27, 2023 | Airlines | 0 comments

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, pushing Thai...
IAG expects solid profit in 2023 as it transforms business

IAG expects solid profit in 2023 as it transforms business

by Richard Schuurman | Feb 24, 2023 | Airlines | 0 comments

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...
Rolls-Royce’s new CEO has clear targets in mind

Rolls-Royce’s new CEO has clear targets in mind

by Richard Schuurman | Feb 23, 2023 | Aerospace, Rolls-Royce | 0 comments

Engine maker Rolls-Royce is capable of performing much better than it does right now. It should significantly improve the operating profit and cash position and deliver efficiency improvements to generate more cash and reduce its much too high debts so that...
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