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IndiGo reports record revenues in Q3 FY23

IndiGo reports record revenues in Q3 FY23

by Ashwini Phadnis | Feb 3, 2023 | Airlines | 0 comments

Delhi-based low-cost airline IndiGo has reported a net profit of Rs 14.2 billion for the quarter that ended December 31, 2022, as compared to a net profit of Rs 1.29 billion in the same quarter previously, the airline informed the stock exchange today. The airline’s...
ANA and JAL improve profits but don’t share the same optimism

ANA and JAL improve profits but don’t share the same optimism

by Richard Schuurman | Feb 2, 2023 | Airlines | 0 comments

Japan’s two big airlines All Nippon Airways (ANA) and Japan Airlines (JAL) both reported much-improved nine-month FY22 results. But where ANA is revising its financial guidance upwards, JAL is taking a more conservative approach to the final quarter. ANA and JAL...
Korean Air grows net profit as passenger traffic recovers

Korean Air grows net profit as passenger traffic recovers

by Richard Schuurman | Feb 1, 2023 | Aerospace | 0 comments

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...
Ryanair expects to benefit from Asian and transatlantic traffic

Ryanair expects to benefit from Asian and transatlantic traffic

by Richard Schuurman | Jan 30, 2023 | Airlines | 0 comments

The return of Asian traffic to Europe and a particularly strong transatlantic market will likely see robust demand for Ryanair from Easter in its Q1 FY24 through the summer period. With other airlines still at lower capacity compared to pre-pandemic levels and Ryanair...
JetBlue and Alaska Airlines positive about 2023

JetBlue and Alaska Airlines positive about 2023

by Richard Schuurman | Jan 26, 2023 | Airlines | 0 comments

Thursday saw two more FY22 earnings releases from US airlines: JetBlue and Alaska Airlines. JetBlue reported a full-year net loss of $-362 million, while Alaska’s profit was a small $58 million. What’s behind these numbers? JetBlue and Alaska Airlines positive about...
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