Frontier Airlines has released its quarterly earnings report, indicating notable revenue growth attributed to rising passenger numbers and operational enhancements.
Fly Modern Ark, a South African aviation investment firm, has identified a need for more than €9 million to support the financial and operational recovery of Linhas Aéreas de Moçambique (LAM). The proposed investment aims to address immediate cash flow challenges and establish a sustainable path forward for Mozambique’s national airline. Having previously collaborated with…
Finnair has released its interim report for Q3 2024, detailing a steady financial performance amid challenging market conditions.
Brussels Airlines has reported a record €78 million adjusted EBIT for summer 2024, supported by increased long-haul capacity and high punctuality. From July to September, the airline transported 2.5 million passengers across over 17,000 flights, marking a 1.3% increase in passenger volume despite a 2.5% decrease in total flights.
Austrian Airlines has reported an 8% rise in adjusted earnings before interest and taxes (EBIT), reaching $150.2 million, for its latest financial period. This growth comes on the back of a 6% increase in total revenue, which climbed to $846 million.
Vietnam Airlines has recently signed bilateral Memoranda of Understanding (MOUs) with two UAE-based airlines, Etihad Airways and Emirates, aiming to strengthen commercial cooperation and expand both passenger and cargo services.
Ryanair has announced the launch of a new direct route from Zagreb to Palermo, Italy, beginning March 30, 2024, and running through the summer season. Scheduled to operate on Tuesdays, Thursdays, and Sundays, the route will utilize the 180-seat Airbus A320 from Lauda Europe, Ryanair’s Austrian subsidiary.
Air Serbia has suspended ticket sales for its Belgrade-Tianjin route, with the last flight set for November 5, 2024.
