Vietjet, the Vietnamese low-cost carrier, has posted strong financial results for the first quarter of 2025, with a 24% increase in consolidated pre-tax profit, reaching $32.1 million. This performance is built on total revenues of $690.5 million, reflecting solid demand and improved operational efficiencies.
GOL Linhas Aéreas, the Brazilian low-cost carrier, has secured a critical agreement with key creditors that paves the way for its emergence from Chapter 11 bankruptcy protection, likely by June 2025. The agreement includes an additional $125 million in financing, bringing the total raised through the restructuring process to at least $1.37 billion.
Grupo Viva Aerobus, the Mexican low-cost carrier, has reported a difficult first quarter for 2025 with total operating revenues down 20.7% to $491 million, accompanied by a net loss of $42 million. Despite the downturn, the airline maintains a strong cash and cash equivalents position of $780 million, which provides a cushion for near-term operations.
PLAY, the Icelandic low-cost airline, has announced the continuation of its ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement with SkyUp Malta for four aircraft, extending the arrangement through 2027. This move solidifies PLAY’s operational capacity and network flexibility as it scales up during peak travel seasons.
easyJet, one of Europe’s largest low-cost carriers, has added a new Airbus A320 to its fleet. The aircraft, bearing serial number 5688, is equipped with CFM International CFM56-5B4/3 engines and is intended to support the airline’s high-frequency European route network.
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
Level, the low-cost long-haul airline brand under IAG (International Airlines Group), has taken delivery of an Airbus A330-200, manufacturer serial number (MSN) 877, powered by Rolls-Royce Trent 772B-60 engines. The aircraft will support the carrier’s transatlantic and leisure-focused network out of Barcelona El Prat Airport.
JetSMART, the Chilean ultra-low-cost carrier, has taken delivery of an Airbus A321neo, manufacturer serial number (MSN) 12430, powered by Pratt & Whitney PW1133G-JM engines. The aircraft adds high-density capacity to JetSMART’s growing narrowbody fleet as it targets expansion across South America.
Volaris reported a net loss of US$51 million for the first quarter of 2025, driven by a 12% decline in total operating revenue to US$678 million. The Mexican ultra-low-cost carrier also reported total liquidity of US$862 million, including cash, cash equivalents, and short-term investments.
JetBlue has reported a net loss of US$208 million for the first quarter of 2025, accompanied by a 3.1% drop in operating revenue to US$2.1 billion. The decline comes amid lingering cost pressures and softening demand on certain domestic U.S. routes.
