Hong Kong’s flag carrier Cathay Pacific reported lower profit in the first half of 2024, despite higher revenues. The company also indicated that it is investing over HK$100 billion to strengthen its hub in Hong Kong. First half attributable profit…
Airbus reported a major drop in first-half profits, primarily due to a write-down of Euro 989 million for its Space operations. Without the write-off, the company’s results would have been slightly better than in 2023, reflecting the continued strength of…
American Airlines reported its second quarter 2024 results, with a drop in profitability of 46% year over year. CEO Robert Isom cited industry overcapacity and a new distribution strategy as the causes of the profit decline. Delta and United, which…
Southwest Airlines reported its second quarter results, with profits declining 46% for the quarter on a year-over-year basis. While revenues rose to a record $7.35 billion, a 4.5% increase YoY, unit revenue decreased with capacity growth outstripping demand. RASM was…
Delhi-based low-cost airline SpiceJet reported a profit after tax of Rs 1.19 billion for the fourth quarter of fiscal 2024, a six-fold increase from the profit after tax of Rs 0.17 billion reported during the same quarter previously, the airline…
Delhi-based low-cost airline IndiGo reported it more than doubled its net profit to Rs18.94 billion for the quarter ended March 31 this year, compared to a net profit of Rs 9.19 billion previously. The airline said that in the last…