Turkish low-cost Pegasus Airlines returned to profitability in Q2 compared to last year and also produced a record-high operating margin of 33.6 percent. The airline benefited from strong demand but is warning that the exceptionally high unit revenues from 2022 are…
Mixed fortunes on the Arabian peninsula: whereas loss-making Oman Air announced a deep restructuring this week, Sharjah-based Air Arabia Group reported a record profit for Q2 on August 11. While this includes a one-off benefit, demand in the region has been…
LATAM Airlines Group recorded a net income of $267 million for the first half of the year, according to the financial results reported today to the United States Securities and Exchange Commission (SEC). During the first half of 2023, LATAM…
Singapore Airlines continues to surprise itself with ever-higher quarterly results. After a sequence of very strong months that produced a record-high profit in FY2022-2023 , the carrier kicked off FY2023-2024 with another record in Q1. Demand is expected to remain…
US airlines have a great record of improving fuel burn
Turkish Airlines surprised with a $2.7 billion net profit for 2022, one of the highest seen within the industry so far and not even matched by the three US carriers. The carrier is citing strong revenue development that saw last…