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…
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,…
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…
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…
Malaysian long-haul low-cost AirAsia X is on the way back to recovery, reporting improvements in revenues, profits, and costs after some very difficult years during the Covid crisis. The carrier expects to benefit this year from the relaunch of its most…
Air Canada returned to profitability in the final quarter of 2022, producing its first profit since Q4 2019. Although the full year was still loss-making, the carrier more than halved its net loss. The airline is expecting a “solid demand environment…