Turkish Airlines has expanded its fleet with the addition of a new Airbus A321neo, further enhancing its operational capabilities. The newly delivered aircraft, identified by serial number 12431, is powered by PW1133G-JM engines, which provide increased fuel efficiency and lower emissions.
Iberia, the Spanish flag carrier, has expanded its fleet with the addition of a new Airbus A320neo. The aircraft, identified by serial number 8601, has been acquired on lease and is powered by PW1127G-JM engines, offering improved fuel efficiency and environmental benefits.
TAP Air Portugal has successfully secured US$210 million in financing, with the debt maturing in 2029 and carrying an interest rate of 4.467%. This strategic financial move is part of TAP’s ongoing efforts to strengthen its capital structure and support its operational and strategic initiatives.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Lufthansa Group, Germany’s flagship airline conglomerate, reported a 6% increase in revenue for the fiscal year 2024, totaling US$40.2 billion. The company’s Adjusted EBIT (Earnings Before Interest and Taxes) for the year was US$1.7 billion, with the fourth quarter contributing US$501 million to this figure.
Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
Air France-KLM, the Franco-Dutch airline group, reported a 6.4% increase in fourth-quarter (4Q) 2024 revenues, reaching US$8.4 billion. Despite this revenue growth, the group recorded a net loss of US$22.4 million for the quarter. For the full year 2024, Air France-KLM achieved a 4.8% rise in revenues, totaling US$33.7 billion, with a net income of US$523.5 million. As of December 31, 2024, the group’s cash position stood at US$10…
Lufthansa (Germany) is set to undergo significant leadership changes within its Supervisory Board in May 2025, with Thomas Enders stepping down and Alexis von Hoensbroech emerging as the leading candidate to replace him. Additionally, Chairman Karl-Ludwig Kley is expected to vacate his position, with Christoph Franz likely to take over.
Air China has strengthened its regional fleet with the delivery of a COMAC C909, marking another step in the airline’s commitment to operational efficiency and network growth. The aircraft, bearing serial number 10177, is registered as B-332H and is powered by CF34-10A engines.
Turkish Airlines (THY) has had its request to operate five additional weekly flights to Canada from April 1, 2025, denied by Canadian authorities. The request, which sought extra-bilateral authority, was rejected as it would substantially modify the negotiated air service agreement outside of the formal renegotiation process.
