SpeedNews

KLM GROUP lost €290m in 1Q24 (vs €127m loss in 1Q23) on 8.5% higher revenues; it has 176 aircraft.

LUFTHANSA AIRLINES lost €641m in 1Q24 (vs €381m loss in 1Q23) on 4% higher revenues; enplanements rose 10%.

SWISS earned €33m in 1Q24 (vs €77m in 1Q23) on 11% higher revenues; enplanements rose 17%.

TRUENOORD agreed to acquire eight more aircraft (seven E190s/one Dash 8-400) from NAC, increasing its fleet to 94.

CDB AVIATION purchased one A330-900, two A321neos and one A320ceo from Avolon; all four have leases attached.

EUROWINGS lost €137m in 1Q24 (vs €104m loss in 1Q23) on 28% higher revenues; enplanements rose 20%.

FROST secured its AOC for startup of on-demand charters/corporate shuttles out of Copenhagen with four Saab 2000s.

IATA reports year-over-year global pax traffic was up 13.8% in March on 12.3% higher capacity; cargo rose 10.3%.

AUSTRIAN AIRLINES lost €124m in 1Q24 (vs €73m loss in 1Q23) on 1% higher revenues; enplanements rose 11%.

AVIANCA GROUP had $13m net income in 1Q24 on 16.4% higher y-o-y revenues (pax revenues +22.2%); it carried 9.3m pax, up 37.5% vs a year ago on 26.1% higher capacity and ended the quarter with 128 A320 Family aircraft and 13 787s.

BRUSSELS AIRLINES lost €58m in 1Q24 (vs €44m loss in 1Q23) on 3% higher revenues; enplanements rose 4%.

AERCAP had $604.2m net income on $2b revenues in 1Q24 vs $435.3m on $1.9b in 1Q23; it has owned, managed and committed fleet of 3,427 aircraft, engines and helicopters. It repurchased 4.3m shares at average price of $77.89 each.

AIR FRANCE GROUP lost €249m in 1Q24 (vs €181m loss in 1Q23) on 2.8% higher revenues; it has 256 aircraft.

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