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...
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 transformed its...
UPDATE – Lufthansa Group happily reported a return to profitability in the second quarter with a €259 million net profit. The first six months were still loss-making, in line with results at other carriers. But whereas the recovery is continuing, Lufthansa has...
Like Air France-KLM, International Airlines Group (IAG) also returned to profitability in the second quarter, its first profit since Q4 2019. The parent airline group of British Airways and Iberia expects to end the full year at a profit, despite operational issues...
Indian no-frills SpiceJet on Tuesday reported a consolidated profit of INR 42.45 crore ($5.64 million) for the October-December 2021 quarter on the back of higher passenger traffic and improved performance of the cargo business of the airline. The carrier reported a...
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