Tag: Profits

airBaltic Records EUR 32 Million Operating Profit in 2022

Today the Latvian airline airBaltic has published its annual consolidated financial results and the sustainability report of the year 2022, highlighting strong positive business indicators. The company recorded operating earnings of EUR 32.0 million, a significant increase from the previous year....

Ryanair signs 5-year deal with Enilive for access to up to 100,000 tonnes of sustainable aviation fuel

Ryanair’s profits increase as passengers opt for cheaper fares

Ryanair has increased its full year profit forecast for 2023 to a range of €1.32bn ($1.59bn) to €1.42bn ($1.71bn). This represents a 25% increase from the airline's initial forecast of €1bn to €1.20bn. The revision comes after Ryanair saw better than expected results in the third quart...

Tui reveals £63m hit from recent travel chaos

By news.sky.com Tui has revealed a €75m (£63m) hit from the recent travel chaos. The holiday group said its customers were affected by about 200 cancelled flights in May and June, particularly due to problems at Manchester Airport. Many airlines have had to cancel flights and there have ...

FTSE 100: Rolls Royce shares tumble as inflation and Ukraine war hit profits

By Pedro Goncalves·Finance Reporter, Yahoo Finance UK Rolls-Royce (RR.L) saw profits drop as it warned that pressures from soaring inflation amid the Ukraine war and supply chain woes are set to continue throughout next year. The FTSE 100-listed (^FTSE) engine maker said it remained on trac...

Delta announces June quarter 2022 profit

Delta Air Lines on Wednesday reported financial results for the June quarter 2022 and provided its outlook for the September quarter 2022. Highlights of the June quarter 2022 results, including both GAAP and adjusted metrics, can be found below. "I would like to thank our entire team for their...

Air Arabia posts solid third quarter net profit of AED 209mln

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier operator, today announced strong financial results for the third quarter of this year ending September 30, 2021, despite the lasting impact of COVID-19 pandemic on the performance of the aviation industry. Air...

First Nine Months 2020: Revenue and Profit Fall Sharply Amid Covid-19 Pandemic

During the first nine months of 2020, Fraport AG’s financial performance was severely impacted by the Covid-19 global pandemic. The Group’s revenue declined by more than a half in the reporting period. Despite comprehensive cost-saving measures, the Fraport Group registered a net loss of €537....

Qantas Half Year Results 2020

Qantas Half Year Results 2020

The Qantas Group continued to deliver strong earnings in a mixed market in the first half of FY20, with an Underlying Profit Before Tax of $771 million and a Statutory Profit Before Tax of $648 million. Underlying Profit Before Tax: $771 million (down 0.5%) Statutory Profit Before Tax: ...

American Airlines Reports Fourth-Quarter and Full-Year 2019 Profit

American Airlines Reports Fourth-Quarter and Full-Year 2019 Profit

American Airlines Group Inc. has reported its fourth-quarter and full-year 2019 financial results. “During the fourth quarter, we made important progress to address the issues that impacted our business in 2019, and, thanks to our incredible team, we ended the year with our strongest operatio...

Norwegian’s unit revenue increased by 18 percent in November

Norwegian’s unit revenue increased by 18 percent in November

Norwegian’s traffic figures for November shows an increased unit revenue for the eighth consecutive month and was up 18 percent compared to the same month previous year. At the same time, the capacity was reduced, which is in line with the company’s strategy. The load factor was 83 percent, up ...

Air Serbia: November up by 25 Percent

Air Serbia: November up by 25 Percent

Air Serbia’s good results in 2019 continue even after a record-breaking October, with rising passenger numbers in November, too. After the first 20 days of this month, the Serb flag carrier has already surpassed last year’s November results and is expecting to exceed the number of passengers ca...

WestJet reports its second-highest ever third quarter net earnings of $119.4 million

WestJet reports its second-highest ever third quarter net earnings of $119.4 million

WestJet today announced its third quarter results for 2019, with net earnings of $119.4 million, or $1.02 per fully diluted share compared with net earnings of $70.1 million, or $0.61 per fully diluted share reported in the third quarter of 2018, a year-over-year increase of 70.4 per cent and 67.2 ...

Norwegian reports increased passenger traffic and higher revenues in September

Norwegian reports increased passenger traffic and higher revenues in September

Norwegian Airlines carried more than 3.3 million passengers in September. The unit revenue increased for the sixth consecutive month and was up by six percent compared to the same month previous year. A total of 3,310,424 passengers chose to fly with Norwegian in September. The total traffic (R...

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