LATAM Airlines Group reported net income of US$146 million during the second quarter of 2024. The carrier group increased passenger operations by 16.2%, increasing operational revenues to more than US$3 billion, an increase of 13.2% year over year. Adjusted operating…
Qantas, Australia’s flag carrier, has admitted that it advertised and sold tickets to customers for flights that had already been cancelled. The scope of the problem was even larger than the Australian Consumer and Competition Commission (“ACCC”) had thought, going…
Lufthansa Group posted a €734 million net loss in First Quarter 2024, but reiterated a positive outlook for the summer 2024 peak travel season. Much of the first quarter loss was attributed to labor disputes that cost the airline more…
Bombardier reported its first quarter 2024 earnings, which came in at US$110 million, down from US$302 million last year. Revenues for the quarter were US$1.28 billion, down 12% from last year’s quarter, as the company delivered 20 aircraft during the…
American Airlines Group, Inc. reported its first quarter 2024 financial results today with a net loss of $312 million, or ($0.48) per share. First-quarter revenues set a record for the carrier at $12.57 billion, up 3.1% year-over-year, and the company…
JetBlue reported a new loss of $716 million in the first quarter of 2024, compared to a loss of $192 million in 2023. Passenger revenues were down 5.8% at $2.05 billion compared with $2.18 billion in 2023. Operating revenues decreased…