Tag: revenue

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...

Tough first quarter for KLM despite strong demand for tickets

The KLM Group posted first-quarter revenues of €2.7 billion against an operational loss of €290 million. Traditionally, the first quarter is low season for the airline industry. Costs are also rising. What’s more, fleet deployability was below par in January and February. Measures taken ...

Menzies Aviation records $2.2bn in revenue for FY23, with an EBITDA of $318m

Menzies Aviation, the leading service partner to the world’s airports and airlines, has announced three years of consecutive double-digit revenue growth, as air travel continues to edge closer to pre-pandemic levels. Reported in its 2023 Annual Review & Sustainability Report, the aviation s...

TAP reaches record net income of EUR 177.3 million in 2023

In 2023, TAP recorded its record net income, generating a profit of EUR 177.3 million, an increase of EUR 111.7 million over the previous year, when a result of EUR 65.6 million had been recorded. Operating Revenues in 2023 reached the highest value ever in the Group's history, surpassing the EUR...

airBaltic targets over €668mn revenue in 2023

As the Latvian national airline airBaltic prepares to publish its annual financial results for 2023, preliminary data already points to a strong revenue forecast for the full year. Following a record-breaking half-year and solid Q3 results, airBaltic continues to demonstrate operational excellenc...

Euroairlines selects Nuvei to accelerate its revenue and boost growth

Nuvei Corporation, the Canadian fintech company, announces today its partnership with Euroairlines, a Spanish-based aviation operator known for its comprehensive passenger and freight services. This collaboration marks a pivotal step in Euroairlines' strategy to grow its business and enhance paym...

airBaltic achieves highest ever nine month revenue

During today’s investor call, Martin Gauss, President and CEO of the Latvian airline airBaltic, along with the Board Members – CFO Vitolds Jakovļevs and COO Pauls Cālītis – presented the company's financial results of Q3 and the first nine months of 2023. Following the record-breaking half...

airBaltic’s revenue exceeds EUR 500 Million in nine months

The Latvian airline airBaltic is set to release its 2023 Q3 financial results on November 8. Following the record-breaking half-year results and based on preliminary figures, airBaltic maintains strong and positive business indicators, with a total revenue of EUR 502 million, representing a 39% y...

Frontier Airlines Optimise Revenues With Accelya

Accelya, a leading global provider of software and technology solutions to the travel industry, today announced that US low-cost carrier Frontier Airlines now benefits from Accelya’s market-leading revenue management (‘airRM’) solutions. Following a successful trial, the Denver-based airlin...

Record Revenue of EUR 104 million in Q1 of 2023 for airBaltic

The Latvian national airline airBaltic has started the year 2023 with positive business indicators. airBaltic has achieved EUR 104.3 million revenue, which is by 74% more than in 2022, as well as the highest ever recorded revenue in the first quarter of a year in the airline’s history. At th...

airBaltic Reports Net Profit of EUR 17.1 Million in Q3 of 2022

The Latvian national airline airBaltic records positive business indicators. According to the unaudited consolidated financial results for the first nine months of 2022, airBaltic group has already achieved EUR 362.5 million revenue, which is by 172% more than in 2021. At the same time, the pr...

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...

airBaltic Increases Revenue Threefold in the First Half of 2022

Due to increased travel demand, the unaudited consolidated financial results of airBaltic group for the first six months of 2022 show a significantly increased revenue of EUR 191.5 million – 270% more than the same period last year. Martin Gauss, Chief Executive Officer of airBaltic: “In comp...

Asia Pacific Airlines Traffic Results – July 2022

Preliminary July 2022 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed the strong recovery in international air passenger markets continued unabated. The region’s airlines flew a combined total of 11.3 million international passengers in July, surpassing ...

Etihad partners with Rassure to enhance its ability to identify lost revenue opportunities

Rassure, an innovative revenue rescue service provider based out of Sydney, has announced today that it has been selected by Etihad to support the airline in automating its sales audit process. This will allow Etihad to discover multiple times more revenue than legacy, semi-automated service prov...

.