AirAsia Parent Capital A Rides Asian Travel Recovery to Profits
The company that owns AirAsia, Capital A, posted a $6 million net profit in the first quarter. Detailed financial results for just the airline were not disclosed, other than $500 million in revenue and roughly $115 million in earnings before...
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Copa and Avianca Profits Underscore Strong Latin America Fundamentals
Copa Airlines and Avianca both reported strong first-quarter operating profits, a sign of good times in Latin America’s airline market. Profits at Panama-based Copa were once again extraordinary. Its operating margin for January, February, and March was a gargantuan 22...
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Iberia Leads Europe’s IAG to Winter Profits
When it comes to Europe’s Big Three Airlines, it’s not even close: International Airlines Group — the owner of British Airways, Iberia, Aer Lingus, Vueling, and Level — is consistently the most profitable. This was true again in the first...
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Southwest Airlines Returned to Profits in March After Holiday Meltdown
For Southwest Airlines, January through March was a self-described quarter of “two competing storylines.” During the first two months of the period, the airline suffered residual effects from its December operational meltdown, which combined with a normal seasonal lull to...
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United and Alaska Airlines Navigate Uncertainty
Airline Weekly's Jay Shabat is joined by former Airline Weekly Editor Madhu Unnikrishnan to discuss United Airlines' and Alaska Airlines' first quarter earnings reports from earlier this week. The conversation starts with United's challenges in January and February, and notes...
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Mexican Airport Operator GAP Seeing Strong Demand Trends
Grupo Aeroportuario del Pacifico (GAP), which operates several airports in Mexico including Guadalajara and Tijuana, again reported strong traffic and demand during its first quarter. The company published earnings last week, delivering a generally bullish outlook, albeit clouded by some...
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Alaska Airlines Optimistic Despite January and February Stumbles
Alaska Airlines, headquartered in Seattle, again exposed its first quarter difficulties. The carrier, which produced outstanding summertime profits last year, followed by modest profits in the fourth quarter, dipped into the red between January and March this year. Alaska reported...
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El Al Emerges from Pandemic with Strongest Annual Profit Since 2015
Things are looking up for El Al. Last year, Israel’s largest airline enjoyed its most profitable year since 2015, earning just shy of a 6 percent operating margin. That follows heavy losses in 2020 and 2021, and an operating profit...
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What’s the World’s Busiest Airport? Atlanta, Yet Again
Atlanta’s Hartsfield-Jackson International Airport was, once again, the busiest airport worldwide last year. That’s according to the latest rankings just published by Airports Council International (ACI). In a year marked by rapid recovery from the Covid pandemic, Atlanta’s passenger volumes...
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Lufthansa Still Keen on ITA Airways Deal But Wants Price Discounted Over Heavy Losses
Italy’s state-owned ITA Airways unveiled a massive net loss for 2022, amounting to nearly half a billion U.S. dollars. The company blamed heavy losses early in the year when Covid was still holding back travel demand, but also cited a...
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Booming Greek Tourism Lifts Aegean Airlines to Another Strong Profit
Greece’s Aegean Airlines, riding a strong wave of inbound tourism, reported its third straight profitable quarter this week. For the three months ending in December, Aegean earned a 2 percent operating margin, a full point better than what it earned...
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What You Need to Know About Saudi Arabia’s Bet on a New National Airline
Riyadh Air, the new national airline announced this weekend, is the latest manifestation of Saudi Arabia’s hyper-ambitious attempt to develop its aviation and tourism sectors. The airline will launch using funds generated from Saudi Arabia's lucrative oil industry, ironically to...
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