airBaltic (Latvia) has announced a temporary 40% wage reduction for its management board, a voluntary decision aimed at supporting the airline’s financial stability ahead of its planned initial public offering (IPO). The measure will remain in effect until the successful completion of the share listing process.
VoePass, a regional airline in Brazil, is navigating a financial crisis, reporting a $37.2 million debt burden. To mitigate its financial struggles, the airline is demanding $6 million from its partner LATAM Brasil, as it continues discussions with creditors.
ATR, the world’s leading regional turboprop manufacturer, has announced its 2024 full-year financial and operational results, highlighting a 40% increase in aircraft orders, totaling 56 new aircraft. The company achieved a book-to-bill ratio well above 1, reinforcing its strong market position in regional aviation.
Norwegian Group has released its financial results for 2024, highlighting a 38% increase in operating revenue to $3.1 billion. Despite this significant revenue growth, the company experienced a 22% decline in net profit, totaling $120.5 million for the year.
Juneyao Air, a prominent Chinese airline, has unveiled a share repurchase program intending to buy back up to 31.6 million shares, with the total repurchase amount not exceeding $68.4 million. The repurchase price is capped at CNY 15.80 per share.
Finnair has announced its financial results for Q4 2024, reporting a 7.7% increase in revenue to $812.1 million. Despite the revenue growth, the company posted a net loss of $8.7 million for the quarter.
Copa Holdings, a leading Latin American airline group, has released its financial results for the fourth quarter and full year of 2024.
Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
Azul believes that the $100 million debt owed by TAP Air Portugal since 2016 will be resolved soon, as both parties have acknowledged the obligation.
On February 11, 2025, airBaltic held a shareholders’ meeting where Andrejs Martinovs and Lars Mydland were elected to the Supervisory Board. Martinovs will serve as Chairman, while Mydland will take on the role of Vice Chairman.
