Etihad reports $368M profit for the first nine months of 2024, up by 66%
Etihad Airways has announced its latest financial results for the nine months ending on September 30, 2024. The…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Lufthansa merger talks with ITA Airways back on track after last-minute deal
A last-minute deal between the Italian Minister for Economy and Finance and executives from Lufthansa has brought merger…
On the edge: Spirit bankruptcy filing beckons as Frontier merger talks fail
Florida-based budget carrier Spirit Airlines has begun preparations to file for Chapter 11 bankruptcy protection after merger talks…
British Airways and Iberia owner IAG posts quarterly profits of over $2 billion
International Airlines Group (IAG), owner of British Airways and Iberia, has posted third quarter pre-tax profits of more…
Emirates Group surpasses record performance with 2.5 billion half-year profits
Emirates Group CEO and Chairman Ahmed bin Saeed Al Maktoum described the company’s half-year results as a “record…
Lufthansa’s takeover of ITA Airways hangs in balance as negotiations stall
Merger talks between Lufthansa and Italian airline ITA Airways are reported to have stalled over a request made…
Akasa Air saw huge revenue growth but overall profitability fell in FY2024
Indian budget carrier Akasa Air has released figures reporting its financial performance for the 2024 financial year (FY24)…
All Nippon Airways remains steadfast on full-year earnings despite profit fall
ANA Holdings, the parent company of Japan’s All Nippon Airways, has announced that it will maintain its full-year…
Lufthansa Group posts strongest quarter revenue ever, profitability lags behind
The Lufthansa Group has presented its results for the third quarter of 2024, which turned out to be…
Boeing raises $21 billion in new public stock offering in bid to secure capital
Boeing has raised $21 billion in a new public stock offering as the planemaker looks to recover from…
Boeing launches offering of 90M common shares, $5B depositary shares
Boeing launched an offering consisting of 90 million shares of common stock and $5 billion in depositary shares.…
IndiGo sees shares drop 8% after reporting first quarterly loss in over two years
IndiGo, India’s largest airline in terms of passengers carried and fleet size, has seen a sharp drop in…
Spirit Airlines to sell 23 Airbus planes to add $519M to balance sheet
October 2024 has been a busy month for Florida-based Spirit Airlines. Firstly, rumors began spreading about an imminent…
flyEgypt ceases operations, liquidation process halted by Egyptian authorities
FlyEgypt, a Cairo-based Egyptian low-cost and charter operator has ceased operations and has subsequently canceled all future services…
PLAY Airlines to reduce North American route network and apply for Maltese AOC
Icelandic low-cost carrier PLAY has announced it will be making some fundamental changes to its model and route…
Airbus Defence and Space to cut 2,500 jobs by 2026 amid challenging market
Airbus Defence and Space has announced plans to reduce its operations and workforce, citing ongoing challenges in the…
Boeing lays ground for $35bn in funding, 10bn already secured from US banks
Boeing has positioned itself to secure up to $35 billion in funding as the planemaker looks to shore…
Boeing to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing plans to cut 10% of its workforce and postpone the first deliveries of its 777X jet as…