SpeedNews

AFI KLM E&M earned €170m on €5.1b revenues in 2024 vs €150m on €4.2b in 2023; third party revenues rose 21.9%.

CUTTER AVIATION completed 86,973 sq ft ramp expansion at Prescott, AZ to increase total to 239,441 sq ft.

AIRBOURNE COLOURS completed paint of Lufthansa A321 at Teesside, its 20th job since opening £6.5m facility in 4Q24.

LUFTHANSA TECHNIK earned €635m on €7.4b revenues in '24 vs €628m on €6.5b in '23; third party revenue rose 15%.

ARGUS reports y-o-y global business aviation flight activity was up 1.1% in February; North America fell 2.6%.

ENDEAVOR AIR (Delta Connection) plans June 14 to begin Detroit-Bangor, ME (CRJ900).

INDIGO plans in July to begin services from India to Manchester, UK and Amsterdam (Norse Atlantic 787-9).

ANIMAWINGS, Romania leased ex-Kuwait Airways A320-200 (6350) with CFM56s from Macquarie AirFinance.

ALOULA AVIATION, Saudi Arabia took delivery of ex-Southwest 737-800 (36919) from AerCap; second is expected.

Greg Foran announced resignation as Chief Executive Officer of Air New Zealand (effective October 20).

GLOBALX had $11.5m net loss in 2024 (vs $21m loss in 2024) on 40% higher revenues. It ended year with $14m cash.

KLM GROUP earned €416m in 2024 (vs €650m in 2023) on 5.4% higher revenues; enplanements rose 8.8%.

AIR FRANCE-KLM GROUP had €21m net loss on €7.9b revenues in 4Q24 vs €231m loss on €7.4b in 4Q23; and €489m net profit on record €31.5b revenues in 2024 vs €990m on €30b in 2023. It ended year with 574 aircraft (564 in operation).

AIR FRANCE GROUP earned €980m in 2024 (vs €875m in 2023) on 3.8% higher revenues; enplanements fell 0.1%.

MY FREIGHTER, Uzbekistan took delivery of 757-200F (32386; ex-Amerijet) on lease from Titan Aviation Leasing.

TRANSAVIA earned €3m in 2024 (vs €97m loss in 2023) on 16.4% higher revenues; enplanements rose 8.1%.

PHOENIX AVIATION CAPITAL acquired A321neo (11845; leased to INDIGO) from ORIX Aviation. AIP Capital will manage.

EUROWINGS had €261m pretax profit in 2024 (vs €241m in 2023) on 11% higher revenues; enplanements rose 10%.

SMARTLYNX AIRLINES (Avia Solutions Group) plans in 2025 to restructure its fleet and transition to single-type (A320 Family) operations. It ended 2024 with 68 aircraft, including 12 737s, and will also be scaling down A321F operations.

SWISS had €815m pretax profit in 2024 (vs €797m in 2023) on 10% higher revenues; enplanements rose 9%.

LUFTHANSA AIRLINES had €116m pretax loss in 2024 (vs €866m profit in 2023) on 2% higher revenues; pax rose 7%.

AUSTRIAN had €73m pretax profit in 2024 (vs €127m in 2023) on 5% higher revenues; enplanements rose 5%.