In 2024, the Lufthansa Group achieved record revenue of €37.6 billion, reflecting a six percent increase compared to the previous year’s €35.4 billion. This growth was driven by a higher flight offering, making 2024 the most lucrative year in the company’s history. However, the Group’s operating profit (Adjusted EBIT) fell to €1.6 billion from €2.7
Astronics Corporation has reported financial results for the fourth quarter of 2024. Fourth quarter sales increased 6.8% to US$208.5 million, while sales for the full year of 2024 were up 15.4% to US$795.4 million. Growth in sales were driven by the Aerospace segment due to continued strength in demand primarily from the Commercial Transport market.
IBC Advanced Alloys has posted financial results for the quarter and six-months ended December 31, 2024. Sales at IBC’s continuing operations (its Copper Alloys division) for the six months ended December 31, 2024 decreased by 29.4% compared to the same period in the previous year. This decline was primarily driven by two large, non-recurring orders
flynas has announced the successful closure of a Murabaha financing agreement with Bank AlJazira worth SAR 495 million (US$132 million) to finance the acquisition of three state-of-the-art Airbus A320neo aircraft. This initiative forms part of the airline’s ongoing efforts to support the Saudi financial sector and enhance its competitiveness by developing sophisticated financial products tailored
Thales, renowned for its expertise in defence, aerospace, cybersecurity and digital technologies, delivered solid results in 2024, maintaining steady sales momentum and achieving an order intake of over €25 billion. This significant order book provides excellent visibility for all the group’s operations, reinforcing confidence in its long-term outlook. Order intake for the 2024 financial year
Spirit AeroSystems reported a US$577 million fourth-quarter operating loss on Friday, February 28, compared with US$215 million in operating income a year earlier, which had been bolstered by a funding agreement with key customer Boeing. The major supplier to the U.S. planemaker reported steep losses for 2024, after warning in November that there was “substantial
Embraer posted consolidated revenue of US$2,311 million in Q4 2024, representing a 17% year-on-year increase. Total revenue for 2024 reached US$6,395 million, aligning with the upper end of the company’s guidance and marking a 21% increase compared to 2023. All business units performed well, with Defence & Security and Executive Aviation showing notable revenue growth
Heathrow Airport (Heathrow) celebrated a record year in 2024, welcoming 83.9 million passengers, marking a 6% annual increase. Cargo volumes also rose by 10%, boosting British exports worldwide. While further growth is expected in 2025, constrained capacity is likely to limit the scale of improvement. Despite record passenger numbers, Heathrow’s revenue declined by 4% to
Rolls-Royce has raised its mid-term targets, reflecting its confidence in future profit growth following a successful plan to enhance engine performance and reduce costs. The announcement led to a 15% surge in its shares on Thursday, February 27, surpassing market expectations, REUTERS reported. The upgrade highlights the significant progress Rolls-Royce has made over the past
Qatar Airways Group’s minority 25% investment in Virgin Australia has received Foreign Investment Review Board (FIRB) approval following the Federal Treasurer’s announcement on February 27. This follows the Australian Competition and Consumer Commission’s (ACCC) Draft Determination on February 18, indicating its intention to authorise the airlines’ integrated alliance, with final approval anticipated in March or
