BONZA, Australia entered voluntary administration and cancelled all flights between April 30 and May 2 to discuss the ongoing viability of the business and its future going forward. Its fleet of 737-8s has been repossessed by AIP Capital.
ALC increased its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A. (as administrative agent) from $7.4b to $7.8b from 52 financial institutions; it also extended the final maturity date from May 2027 to May 2028.
AIR FRANCE-KLM GROUP had €480m net loss on €6.7b revenues in 1Q24 vs €337m loss on €6.3b in 1Q23; results were impacted by disruption costs and slower cargo business, but it expects promising summer with Olympic Games in Paris.
LUFTHANSA GROUP had €734m net loss on €7.4b revenues in 1Q24 vs €467m loss on €7b in 1Q23; it says strikes in Germany impacted its earnings by around €350m. It adds that bookings for summer 2024 are up 16% vs a year ago.