airBaltic reduced its net loss for the first nine months of 2022 by half, thanks to the recovery of air travel in the past months. But the airline from the Baltic States is feeling the effects of the war in…
Malaysian low-cost airline AirAsia X expects to return its network to pre-pandemic levels in early 2023. The carrier will announce a number of new routes soon and plans to grow its active fleet from six Airbus A330s now to thirteen in…
All Nippon Airways (ANA) produced its first half-year profit in three years, benefitting from pent-up demand and the relaxation of travel restrictions in Japan and its key markets in Asia. Longer term, the airline wants to significantly improve profitability by…
Finnair produced its first operating profit since Q3 2019, but the net result is still negative. The €35 million EBIT is also leaning heavily on seasonal effects, with the summer traditionally being the strongest period. Increasing costs confirm the need for…
Thanks to restructuring its cost base and benefitting from strong demand, Virgin Australia expects to return to profitability in the second half of its financial year 2023 which runs until July. The carrier has removed A$300 million in annual costs and…
UPDATE Oct 5 – In an update of its Chapter 11 restructuring and financial outlook, SAS Scandinavian Airlines says it expects to return to reach an operating profit in its financial year 2024 and become net-debt free in 2026. Revenues should…