During the first nine months of the 2023 fiscal year, the Fraport Group delivered a strong performance with key operating figures exceeding 2019 levels. The Group result (net profit) reached €357.0 million in the first nine months, buoyed by traffic growth across the Group’s airports. This positive performance was driven, in particular, by a strong
Jazeera Airways (Jazeera) has posted KD13.27 million in Group net profit for the first nine months of 2023. Total revenues for the period were up 12.8% to KD158.9 from KD140.8 million in 2022, while operating profit was at KD18.08 million. Last year, the company’s profit also included a one-time gain of KD1.73 million resulting from
SAS has successfully secured a substantial investment agreement, totalling 13.2 billion Swedish crowns (US$1.21 billion), through a consortium that includes Air France-KLM, Lind Invest ApS, and the Danish state. This agreement marks a significant milestone in SAS’s restructuring efforts, with Castlelake providing a loan to replace the previous debtor-in-possession financing from Apollo Global Management. Notably,
Ryanair has reported that in the first half of FY2024 scheduled revenues increased 37% to €6.1 billion, traffic grew 11% to 105.4 million, while average fares rose 24% to €58 due to a strong Easter and record summer 2023 demand. Ancillary revenue increased 14% to €2.5 billion (€23.70 per passenger). In the total first-half of FY24 revenue
Bombardier has reported revenues of US$1.9 billion in the third quarter 2023, a 28% year-over-year increase, fuelled primarily by strong aircraft sales and aftermarket growth. The company delivered 31 aircraft in the third quarter 2023, up six aircraft compared to the same quarter last year, bringing it to a total of 82 deliveries for the year.
Lufthansa Technik (LHT) is heading for yet another record annual result after it had already achieved a new Adjusted EBIT record of €554 million last year. An even better result is now expected for the full year 2023. The company had initially expected an Adjusted EBIT at a comparable level to the previous year, but
Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2023. The company reported revenues of US$989.2 million, compared to US$853.9 million in 2022 and profit before tax and exceptional items of US$207.5 million, compared to US$200.6 million for the same period in 2022. In the third quarter of
Air Canada has released its third quarter 2023 financial results. The carrier posted operating revenues of CA$6.344 billion an increase over CA$1 billion from the third quarter of 2022 driven by higher passenger revenues. Operated capacity increased 10% from the third quarter of 2022, about one percentage point below the projection provided in Air Canada’s August 11, 2023, news release.
Spirit Airlines (Spirit) has released its third-quarter 2023 financial results. The company reported a net loss of US$157.6 million, excluding special items; adjusted net loss for the third quarter 2023 was US$149.8 million. For the third quarter 2023, Spirit reported a pre-tax loss of US$203.6 million and a pre-tax margin of negative 16.2%. Adjusted pre-tax
International Airlines Group (IAG) has reported record profit and high margins in the third quarter of 2023, driven by very strong leisure demand across all its airlines. The Group reported strong growth of operating profit before exceptional items in the quarter of €1,745 million (Q3 2022: €1,216 million) and an operating margin of 20.2%(Q3 2022:
