EMIRATES GROUP had record AED18.7b net profit for year ended March 31 (vs AED10.9b a year ago) on 15% higher revenues. EMIRATES AIRLINE earned AED17.2b vs AED10.6b on 13% higher revenues; capacity increased 20%.
TRANSAT downgraded forecast for EBITDA margin for 2024, citing persistent operational challenges related to GTF engines, market dynamics leading to downward pressure on airline unit revenues, and consequences of strike threats.
AVION EXPRESS BRASIL secured ANAC approval for Phase 2 of its AOC certification process and launched Phase 3, which includes review of manuals and other documentation, in preparation for startup of ACMI operations in 4Q24.
Legal action from A4A and several member carriers accuses the DOT of overreaching its authority in seeking to regulate the disclosure of ancillary fees.
