Air China has released a profit warning ahead of its first-half 2025 financial results, indicating that the airline anticipates a net loss between US$237 million and US$306 million. The forecast underscores continuing pressures on China’s flag carrier amid a difficult operating environment marked by increased fuel costs, competitive pricing, and a slower-than-expected international market recovery.
Jet2 has released its financial results for the fiscal year ended 31 March 2025, showing robust growth with a 15% increase in revenue to $9.7 billion. The airline also posted a 12% year-over-year rise in profit after taxation, reaching $607.7 million, solidifying its position among the most successful UK-based leisure carriers.
SpiceJet, one of India’s prominent budget airlines, has announced a significant financial turnaround in its fourth quarter of fiscal year 2025, recording a profit after tax of $37.8 million. This figure marks a 173% increase compared to the previous period, underscoring a robust recovery in profitability despite declining revenues.
Spirit Airlines (US) has reported a net profit of $83.1 million for the first quarter of 2025, with total revenue reaching $1 billion. The airline ended the period with $758.1 million in cash and cash equivalents, reflecting a stable liquidity position.
Regional Plus Wings, the Japanese holding company overseeing regional carriers Air Do and Solaseed Air, reported a net loss of $3.6 million for the fiscal year ending March 2025. The group also posted a 3.7% increase in operating revenue, reaching $728.2 million, indicating ongoing recovery but continued cost pressures.
Aegean Airlines, the flag carrier of Greece, has announced its financial results for the first quarter of 2025, showing a 14% increase in revenue year-over-year to $347 million. The growth reflects stronger demand and capacity expansion in the post-pandemic recovery period, especially during the early spring season. However, the airline posted an after-tax loss of $7.4 million, largely attributed to seasonal…
TAP, the national airline of Portugal, reported a net loss of $122.6 million for the first quarter of 2025, underlining persistent financial challenges despite an improving global aviation environment. The carrier’s operating revenue fell 4.5% year-over-year, totaling $933.6 million, suggesting a drop in travel demand or yield compression on its primary routes.
SMBC Aviation Capital, headquartered in Ireland, has released its fiscal year 2024 results for the period ending 31 March 2025, posting a 22% year-on-year increase in pre-tax profit to $563 million, excluding exceptional items. The lessor also confirmed $2 billion in core lease rental income and $1.41 billion in total recoveries related to Russian insurance settlements.
Norse Atlantic, a long-haul low-cost carrier based in Norway, reported a net loss of $14.9 million for the first quarter of 2025, with revenue reaching $125.3 million. The results reflect seasonal demand fluctuations and continued cost pressures impacting transatlantic operations.
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…
