Tag: profit

Singapore Airlines to hand out salary bonuses after record profits, sources report

Singapore Airlines to hand out salary bonuses after record profits, sources report

The Singapore Airlines Group has announced record earnings, achieving an operating profit of US$2bn for the 2023-24 financial year. These earnings mark the highest full year net profit achieved in the group’s history, in spite of ongoing geopolitical challenges and supply chain issues. With ...

Emirates Group announces 2023-24 results

The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its h...

Norwegian delivered a profit before tax in the third quarter of 2023

For the third quarter of 2023, Norwegian delivered an operating profit (EBIT) of NOK 2,170 million, corresponding to an EBIT margin of 25 percent. This is the highest operating profit in company history after the third quarter of 2019, when the fleet was about twice as large. Profit before tax (E...

Airbus earns record net profit of $4.5bln in 2022

In a year that has been difficult for many businesses, Airbus has managed to achieve an impressive feat. The aerospace giant has announced a record net profit of $4.5 billion in 2022, a significant increase from the $2.2 billion it earned the previous year. This announcement is a testament to ...

Airlines Cut Losses in 2022; Return to Profit in 2023

The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022. In 2023, airlines are expected to post a small net profit...

Korean Air’s tentative financial results for Q3 2022

Korean Air achieved a revenue of KRW 3.6684 trillion (USD 2.5567 billion) and an operating profit of KRW 839.2 billion (USD 584.9 million) in the third fiscal quarter. The airline recorded a cargo revenue of KRW 1.8564 trillion, a 12% year-on-year increase. The quarter saw a drop in cargo dema...

JetBlue Announces Third Quarter 2022 Profit

JetBlue Announces Third Quarter 2022 Profit

JetBlue Airways Corporation today reported its results for the third quarter of 2022: Reported GAAP diluted earnings per share of $0.18 in the third quarter of 2022 compared to diluted earnings per share of $0.63 in the third quarter of 2019. Adjusted diluted earnings per share was $0.21 in th...

Norwegian delivered profit before tax of NOK 1,248 million in the second quarter 2022

Norwegian today reported its results for the second quarter and first half of 2022, characterised by increasing demand for air travel, higher fuel prices and gain from aircraft order. The figures demonstrate Norwegian’s ability to increase capacity for the busy summer travel season and deliver ...

Air Arabia reports solid first half 2022 net profit of AED 451 million

Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, today reported a strong first half (January to June) 2022 as recovery in demand for air travel continued. Air Arabia reported a net profit of AED 451 million for the first six months ending June 30, 20...

Qatar Airways Group Announces a Record Profit in its 25 Year History

Qatar Airways Group celebrates its milestone 25th Anniversary year of operation with its strongest financial performance reflected in its published annual report for 2021/22, 200 per cent above its highest annual historical profit. In the most difficult period ever in the global airline industry...

Norwegian delivered a profit before tax of $13m and improved cash position

Norwegian today reported its fourth quarter and preliminary full year results for 2021. Passenger demand increased from the previous quarter, however, demand was negatively impacted by the outbreak of the coronavirus omicron variant. Profit before tax (EBT) was NOK 117 million ($13m), compared...

Air Arabia delivers record 2021 net profit of AED 720m, despite pandemic impact

Air Arabia (PJSC) today announced a record financial results for the fourth quarter and for full year ending 31 December 2021, despite the prevailing impact of COVID-19 pandemic that continued throughout the year. Air Arabia reported a net profit of AED 720 million for the full year ending De...

Condor increases profit, passenger numbers and utilization

Condor increases profit, passenger numbers and utilization

Thanks to disciplined cost management, adjusted operating profit (EBIT) increased by 32.4 percent year-on-year to EUR 56.9 million. The number of passengers carried increased by 4.5 per cent to 9.4 million (+6.9 per cent). Despite the long summer of 2019, Condor posted stable revenue and a stable s...

Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion

Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion

Norwegian’s third quarter results are characterised by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 percent to NOK 2.2 billion compared to the same quarter last year. Unit revenue and revenue per pa...

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