Turkish Airlines has revealed its ambition to establish Türkiye as a key player in the aerospace industry after launching a new initiative with Airbus and Rolls-Royce.
Avianca is unconcerned about fluctuations in its unit revenues, but the company believes its cost base serves as the foundation for continued profitability.
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.
