SITA has acquired Materna IPS GmbH, a leader in passenger handling for airports and airlines. This move aims to reshape the aviation industry, creating the most powerful passenger portfolio for airports and digital travel. It brings SITA’s vision of reinventing travel and transport to life, enhancing its leadership in passenger processing as part of a
Ryanair has reported record annual profits of €1.9 billion (£1.6 billion) and announced the appointment of former UK Home Secretary Amber Rudd to its Board. Additionally, the airline indicated that summer fares would be lower than previously anticipated. The airline’s profits after tax rose by over a third in the year ending March, compared to
SIA Group (SIA) has posted its highest full year operating and net profits in the Group’s history as robust demand for air travel drives record passenger revenue and load factors. The demand for air travel remained buoyant throughout FY2023/24, boosted by a rebound in North Asia as China, Hong Kong SAR, Japan, and Taiwan fully
The Fraport Group has started the 2024 fiscal year successfully, with all key financial indicators achieving at least double-digit growth rates during the first quarter of 2024 (Q1 2024 ending March 31).The main driver of this positive trend was continued passenger growth at many of the airports across Fraport’s global network. Group revenue increased by
The Emirates Group has unveiled its 2023-24 annual report, marking new milestones in profit, revenue and cash reserves. Both Emirates and dnata witnessed notable increases in profit and revenue during 2023-24, reflecting the Group’s global expansion efforts to meet robust customer demand for its premium offerings. For the fiscal year ending March 31, 2024, the
The SIA Engineering Group has unveiled its financial performance for the fiscal year ending March 31, 2024, reporting a revenue of SG$1,094.2 million. This represents a notable increase of 37.5% compared to the previous year, driven by a sustained recovery in demand for aircraft maintenance, repair and overhaul (MRO) services. Despite a rise in group
Demand for travel has bolstered International Airlines Group‘s (IAG) performance in the first quarter, with passenger revenue per available seat kilometre (ASK) rising by 4.4% compared to the same period in 2023. This increase was attributed to the timing of Easter and a robust recovery in leisure traffic, although business travel showed slower signs of
Willis Lease Finance Corporation (WLFC) announced record first-quarter total revenues of US$119.1 million and record quarterly pre-tax income of US$29.9 million. For the three months ended March 31, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of US$96.8 million, up 26% as compared to US$76.7 million in 2023. The
Embraer has released its 2024 first-quarter (1Q24) results, showcasing robust figures across its aviation sectors. In the commercial aviation segment, the company delivered between 72 and 80 aircraft, while in executive aviation, deliveries ranged between 125 and 135 aircraft. Total revenues for the company fell within the range of US$6.0-6.4 billion, with an adjusted EBIT
Capital A. Bhd, via its wholly-owned subsidiary AirAsia Consulting Sdn Bhd, has emerged as one of six bidders for acquiring shares in Sri Lanka’s national airline. A statement from Sri Lanka’s Ministry of Finance, Economic Stabilisation, and National Policies also identified Dharshaan Elite Investment Holding (Pvt) Ltd, FITS Aviation (Private) Ltd, Sherisha Technologies Private Ltd,
