Skymark Airlines, one of Japan’s prominent domestic carriers, has reported its financial results for the fiscal year ending March 2025. The airline posted a net profit of $14.6 million, reflecting a 28.4% decrease compared to the previous year, even as total revenue increased by 4.6% to $742 million.
SIA Group, the parent company of Singapore Airlines, has announced strong financial results for the fiscal year 2024/25. The group achieved a net profit of $2.1 billion, a 3.9% increase year-on-year, largely driven by a one-off, non-cash accounting gain of $846 million arising from the merger of Air India and Vistara. Total revenue climbed 2.8% to $15 billion, while cash and bank balances…
Mitsubishi UFJ Financial Group, Japan’s largest financial institution, has announced the successful closing of a $52.3 million upsize in financing for Viva, a prominent low-cost carrier based in Mexico. The expanded credit line is intended to fund the acquisition of two additional Airbus A321 aircraft, further enhancing Viva’s fleet modernization and growth strategy.
Jeju Air, South Korea’s largest low-cost carrier, has announced a significant downturn in its financial results for the first quarter of 2025. The airline posted a net loss of $17 million, coupled with a 32% decline in revenue year-on-year, bringing total revenue to $259.7 million.
Azul, one of Brazil’s leading airlines, reported a robust financial performance for the first quarter of 2025. The airline posted a net income of $138 million, a significant turnaround from previous losses, fueled by a 15.3% year-on-year increase in operating revenue, which reached $957 million. Azul’s total liquidity rose to $1.1 billion, underscoring its strong financial footing heading into…
Asia Aviation, the parent company of Thai low-cost carrier Thai AirAsia, has released its financial results for the first quarter of 2025, revealing a net profit of $41.7 million. This positive outcome was achieved despite a 4% year-over-year drop in revenue, which totaled $397 million. The airline’s financial position remains solid, with cash and cash equivalents amounting to $43.1…
airBaltic has released its financial results for the first quarter of 2025, showing a relatively stable revenue performance alongside a notable improvement in profitability. The Latvian flag carrier posted revenues of $148.6 million, reflecting a marginal 0.3% increase compared to the same period in the previous year. Despite minimal revenue growth, the airline demonstrated considerable cost management and operational…
HALO AirFinance, a U.S.-based aviation lender, has successfully completed a senior loan transaction supporting the acquisition of a Boeing B737-800 by Crestone Air Partners, an investment platform backed by Blue Owl Capital. The financed aircraft is currently on lease to a UK-based airline, marking another strategic asset-based lending move for HALO in the secondary aircraft market.
SIA Engineering Group, a leading Singapore-based MRO provider, has reported a significant increase in both revenue and profitability for the fiscal year 2024. The company achieved revenue of US$955 million, representing a 13.8% year-on-year increase, while net profit surged 43.8% to reach $107.1 million. These results signal a strong recovery trajectory following several years of pandemic-related disruptions.
Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
