Emirates returned to a solid profit in its financial year 2022-2023, reporting its highest-ever net profit and revenues in the history of the UAE airline. This follows after two years of losses during the Covid years, but a strong recovery…
The reopening of Japan and China helped Korean Air to boost revenues in Q1, but this was offset by higher operating expenses and fuel costs. The airline particularly lost out on cargo revenues, which reflects the global downturn of the economy…
Turkish Airlines built on its strong results in 2022 by announcing another increase in its net profit in Q1 2023. Turkish reported a $233 million net profit, up from $161 million a year earlier. The airline operated at higher international…
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…
Spirit AeroSystems expects the Boeing 737/MAX tailfin production issue to have at least a $31 million impact on the full-year gross profit. Of this, the Tier 1-supplier incurred $17 million in its Q1 results, but additional costs are likely, the company…
It might be a tiny $10 million net profit, but American Airlines outperformed its main US rivals United Airlines and Delta Air Lines by producing a Q1 profit against their losses. Excluding special items, the profit would have been $33 million. The net…