Is Net Zero real or a mirage? We’re leaning towards a mirage. The promises made by airline leaders at IATA’s AGM in Boston in 2021 left us wondering. None of those who made promises will be around to deliver on those promises. Here is IATA’s SAF...
During its Annual General Meeting in Istanbul, the International Air Transport Association (IATA) unveiled a series of roadmaps that should provide that step-by-step detail of all critical actions and dependencies that are required if aviation wants to achieve net...
IndiGo reported a net profit of Rs 9.19 billion for the fourth quarter ending March 2023. This is the best-ever fourth-quarter profit reported by the airline, which enjoys a domestic market share of over 50 percent. The airline had reported a net loss of Rs 16,816...
UPDATE – Italian airline ITA Airways ended 2022 with a €486 million net loss, newspaper Corriere della Sera reports. Last year has been the first full year of ITA’s history as it launched services in October 2021, so no comparable results are available. Revenues...
Korean Air doubled its net profit in 2022 thanks to the recovery of passenger traffic in Southeast Asia, Oceania, and Japan. However, cargo generated lower revenues due to the slowdown of the global economy, the airline reported on February 1. Korean Air grows net...
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