TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
airBaltic has announced a delay in its initial public offering (IPO) plans, now aiming for the first half of 2025 at the earliest. According to CEO Martin Gauss, the airline requires favorable market conditions to proceed with the listing successfully.
Klaus-Michael Kuhne, a significant shareholder of Lufthansa Group, has publicly voiced concerns about a perceived decline in service quality at Lufthansa and its subsidiary, SWISS. In his statement, Kuhne highlighted dissatisfaction with operational standards and hinted at plans to exert greater influence on the airline’s management to address these issues.
LOT Polish Airlines, the national carrier of Poland, has strengthened its leadership team with the appointment of Jerzy Kurella and Piotr Karnkowski as new members of the airline’s management board. This strategic move is part of LOT’s efforts to enhance its governance and leadership capabilities as it navigates a competitive aviation landscape.
Garuda Indonesia, the national flag carrier of Indonesia, has announced the appointment of Wamildan Tsani Panjaitanas its new Chief Executive Officer (CEO), succeeding Irfan Setiaputra. This leadership change marks a pivotal moment for the airline as it seeks to navigate the challenges of the aviation industry and strengthen its position in the regional and global markets.
Flybondi, a low-cost airline based in Argentina, has announced plans to expand its fleet for the summer season by adding two wet-leased A320 aircraft, registered in Lithuania. These aircraft will operate between November 2024 and March 2025, boosting Flybondi’s capacity to meet the heightened demand during the peak travel season. With this addition, Flybondi’s fleet size will increase to 19 aircraft.
Fly2Sky, a Bulgarian charter airline, has signed a three-year wet lease agreement with SkyUp Airlines of Ukraine, providing aircraft to support SkyUp’s growing operations. The deal includes the wet lease of two Airbus A320s for the full three years and two Airbus A321s, which will remain in service until October 31, 2025.
Bangkok Airways, a regional airline based in Thailand, is evaluating options to replace its aging fleet of 11 Airbus A319s and two A320s with either the Airbus A220 or the Embraer E2. A final decision is expected by the end of 2024, with aircraft deliveries anticipated to begin in 2026 at the earliest. This move reflects Bangkok Airways’ commitment to modernizing its fleet and enhancing operational…
Azul, the Brazilian airline, has updated its fleet expansion plans for 2025, which include the delivery of additional A330-900 aircraft directly from its orderbook in December 2025. The carrier also expects 12-15 Embraer E2 jets to arrive throughout the year, though some of these deliveries may slip into early 2026. Overall, Azul projects a 10% increase in capacity in 2025, signaling a significant step…
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
