Qantas turned in its first profit in three years, reporting an underlying profit before tax of $2.472 billion for FY23 which closed in June. The airline benefitted from continued strong domestic demand and rebuilding of its international network, which is…
Turkish low-cost Pegasus Airlines returned to profitability in Q2 compared to last year and also produced a record-high operating margin of 33.6 percent. The airline benefited from strong demand but is warning that the exceptionally high unit revenues from 2022 are…
Strong domestic and international demand after the relaxation of travel restrictions in Japan have helped All Nippon Airways (ANA) to produce a first-quarter profit. This is the first Q1 profit in four years for the Japanese carrier, which already returned to…
International Airlines Group (IAG) produced its first Q1 operating profit since Q1 2019, although it was just €9 million. But the airline group is bullish about the rest of the year and expects a significantly higher operating profit before special items…
Philippine Airlines (PAL) continues to recover from the pandemic, reporting its third profitable quarter in a row. Philippine Airlines produces another profitable quarter. The parent company PAL Holdings produced a PHP 4.9 billion ($86.8 million) operating income during Q3. The…
Norwegian reported a strong third quarter, with revenues and operating results all performing well. It is also bullish about the 2023 summer season but first will need to get through the low winter period when it will reduce capacity by…