IAG had €504m net income on €7.2b revenues in 4Q23 vs €232m on €6.4b in 4Q22; and €2.7b net profit on €29.5b revenues in 2023 vs €431m on €23.1b in 2022. It restored 95.7% of pre-pandemic 2019 capacity. BRITISH AIRWAYS earned €1.4b in 2023 vs €306m in 2022, IBERIA earned €940m vs €389m, and VUELING earned €396m vs €240m.
AIR FRANCE-KLM GROUP had €256m net loss on €7.4b revenues in 4Q23 vs €496m profit on €7.1b in 4Q22; and €934m net profit on record €30b revenues for 2023 vs €728m on €26.4b in 2022. It restored 93% of pre-pandemic 2019 capacity with pax load factor at 87%. AIR FRANCE earned €1.1b in 2023 vs €483m and KLM earned €650m vs €594m.
The Korean Air-Asiana merger process is spawning significant opportunities for other carriers thanks to competition remedies required by overseas regulators.
Flydubai is preparing to begin retrofitting the interiors of its Boeing 737-800s now that the previous-generation aircraft are set to stay in service longer.
The United Nations Climate Change Conference, COP28, closed with an agreement signaling what it called the “beginning of the end” of the fossil fuel era.
MTU Aero Engines continues to seek financial compensation from its partner Pratt & Whitney after GTF-related costs led to the German company's first ever loss.
His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, yesterday attended the 11thArab Aviation Summit (AAS).
Will the tight engine leasing market ease in the next couple of years? Panelists at Aviation Week’s Engine Leasing, Trading & Finance Americas have their say.
