It’s not just happy faces Down Under at Air New Zealand, but at Qantas too. The Australian carrier also returned to profitability in HY1 of FY23, reporting an underlying profit before tax of $1.428 billion versus a $-1.277 billion loss in…
Air New Zealand delivered its first profit since the start of the pandemic, reporting a $299 million pre-tax profit for the first six months of FY23. The airline says that its recovery is “well underway”, which bodes well for HY2.…
Malaysian long-haul low-cost AirAsia X is on the way back to recovery, reporting improvements in revenues, profits, and costs after some very difficult years during the Covid crisis. The carrier expects to benefit this year from the relaunch of its most…
Singapore Airlines is well on track to post its first full-year profit since FY2018/2019, having ended the third quarter and nine-month period until December on a high. The airline is recovering quickly from the effects of the Covid crisis, now…
Norwegian ended 2022 with a loss-making fourth quarter, but overall the year has been profitable and demonstrated that the airline has recovered well from the Covid-years and the earlier restructuring. Bookings for 2023 are “encouraging” but remain close in, so…
Air Arabia Group reported its highest-ever profit, ending 2022 with a net profit of AED 1.222 billion. This outperforms 2019 when the airline produced an AED 1.008 billion net profit. It confirms that the carrier has solidly left behind the…