Korean Air, South Korea’s flag carrier, has expanded its widebody fleet with the addition of a Boeing 787-10, carrying manufacturer serial number 66881. The aircraft is powered by General Electric GEnx-1B engines, known for their high efficiency and lower emissions on long-haul operations.
airBaltic has reported a significant turnaround in Q2 2025, achieving a net profit of EUR 27.6 million compared to a loss of EUR 24.2 million in the same quarter last year. Quarterly revenue rose 4.8% year-on-year to EUR 216.9 million, driven by steady passenger growth and improved operational performance. Adjusted EBITDAR reached EUR 55.2 million, while passenger numbers climbed 8.3% to 2.5 million, and the load factor…
GOL, the Brazilian low-cost carrier, has received approval from a U.S. bankruptcy court for its comprehensive restructuring plan under Chapter 11 proceedings. The approval marks a key milestone in the airline’s financial recovery and long-term sustainability efforts.
Wizz Air Holdings, the Hungarian low-cost airline, reported mixed financial results for the third quarter of 2024, with a 0.5% increase in total revenue to $3.0 billion. Despite this modest growth, the airline experienced a 21.3% decline in net profit, which fell to $315.2 million. The airline’s total cash holdings remain substantial at $1.85 billion, reflecting its ability to maintain liquidity even amid…
GlobalX, a U.S.-based charter and ACMI operator, has announced plans to expand its fleet to 35 aircraft by the end of 2027. The carrier’s fleet strategy includes a mix of Airbus A319 and A320 aircraft, with a schedule of deliveries and returns occurring throughout 2025.
Yakutia Airlines, based in Russia, has announced a need for $30.2 million in state budget support for 2025. The funds are critical for the airline’s operations, ensuring financial stability and the continuation of essential services in a challenging market environment.
