Airline stocks set for best month in two years on summer rush, lower fuel prices
U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season.…
Emirates airline reports most profitable year at US$3bil
Dubai’s Emirates Airlines on Thursday said the financial year 2022-23 had been its most profitable so far, reporting an annual profit of 10.9 billion dirhams ($3 billion) and a group…
Q1 revenue increased, Korean Air says
Korean Air’s first fiscal quarter revenue was KRW 3.1959 trillion (US$2.4512 billion), a 14 percent year-on-year rise due to the gradual recovery of travel demand and the ongoing profitability of…
Vietjet reports profit in 1Q thanks to expansion efforts after Covid
Vietjet Aviation JSC has achieved its target revenue and reported a profit in the first quarter of this year thanks to the effort to accelerate operations, expand new flight routes,…
Boeing shares tumble as some MAX deliveries halted, airlines fret over impact
Boeing Co shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its…
American Airlines profit forecast disappoints; shares tumble
American Airlines Group Inc on Wednesday forecasted first-quarter profit below market expectations, joining rival United Airlines in signaling a hit from persistently high labor and fuel costs. The dull outlook…
China’s top airlines post record annual losses, outlook brighter
China’s flagship carrier Air China Ltd posted record annual losses of 38.6 billion yuan ($5.61 billion)on Thursday as the country’s now-abandoned zero-COVID policy led to a plunge in demand. Shanghai-based…
EU says Alitalia must pay back 400 million euros in illicit state aid.
In order to comply with EU state assistance regulations, Alitalia, the forerunner of Italian state-owned airline ITA Airlines, will be required to repay the Italian government a loan of 400…
Boeing issues upbeat jet finance outlook amid market turbulence
Boeing Co predicted a surge in worldwide aircraft financing towards pre-pandemic levels this year, highlighting a rebound in demand for air travel just as aviation was swept up in a…