Tag: profitability

Airline Profitability Outlook Strengthens

The International Air Transport Association (IATA) announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Highlights include: Airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than...

Delta Air Lines announces September quarter 2022 profit

Delta Air Lines today reported financial results for the September quarter 2022 and provided its outlook for the December quarter 2022. Highlights of the September quarter 2022 results, including both GAAP and adjusted metrics, are on page five of the full release and are incorporated here. "T...

Finnair introduces new strategy to return to profitability

Finnair’s strategy has long been based on connecting Europe and Asia via the short northern route, using Russian air space. Following Russia’s invasion of Ukraine and the subsequent closure of Russian air space, flight times to Finnair’s Asian destinations are now considerably longer, weake...

Billionaire Lucio Tan’s Philippine Airlines plots return to profitability in 2022 after fleet revamp

Billionaire Lucio Tan’s Philippine Airlines plots return to profitability in 2022 after fleet revamp

By Jonathan Burgos | forbes Philippine Airlines—controlled by billionaire Lucio Tan—expects to return to the black next year, after five years of consecutive losses, as the airline downsizes its fleet and cuts unprofitable routes. “PAL plans to take a number of measures to optimize its ...

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