Alliance Airlines (Australia) has announced a 9.5% increase in statutory profit before tax, reaching $26.2 million for 1H FY2024, while revenues rose by 11.3% to $211.6 million for the period ending 31 December 2024. The company also confirmed the appointment of James Jackson as chairman.
Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.
Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
ANA Holdings, Japan’s largest airline group, has announced its financial results for the nine-month period ending December 31, 2023. The company reported a 10% increase in revenue, reaching $10.9 billion, while net income experienced a slight decline, totaling $863 million.
Icelandair has announced its financial results for the fourth quarter of 2024, reporting a 10% increase in revenue, totaling $349 million. Despite this growth, the airline experienced a net loss of $20 million for the quarter.
Air Serbia has announced a record net profit of $42.9 million (€41.3 million) for the year 2024, with total annual revenue surpassing $729 million (€700.3 million). This marks the most successful financial performance in the airline’s history.
Wizz Air Holdings (Hungary) has reported its 4Q 2024 financial results, posting a total revenue of $1.2 billion, marking a 10.5% year-over-year increase. However, the airline’s net loss surged by 128.7% to $251.2 million, highlighting persistent financial challenges despite revenue growth.
Southwest Airlines (US) has announced its financial results for 2024, reporting a net income of $465 million, driven by operating revenues of $27.5 billion. The airline ended the year with $9.7 billion in liquidity, reinforcing its strong financial position despite ongoing industry challenges.
JetBlue Airways has announced its financial results for 2024, reporting a net loss of $795 million as revenues fell by 3.5% to $662 million. The airline faced challenges throughout the year, including declining demand and operational pressures.
