KLM Royal Dutch Airlines plans to cut 250 jobs as part of a cost-saving strategy aimed at saving €450 million ($467 million). Announced by CEO Marjan Rintel, the cuts focus on non-operational roles and follow earlier disclosures of necessary “painful …
Breeze Airways has achieved its first full quarter profit, marking a significant milestone in its growth journey. For the fourth quarter of 2024, the airline reported a 4% operational margin on $220 million in revenues, contributing to an impressive annual …
Lufthansa Group has acquired a 41% stake in ITA Airways for €325 million, marking a significant expansion in its European operations. This deal, approved by competition authorities, positions Italy as Lufthansa’s sixth home market, enhancing connectivity for travelers. The integration …
AirAsia is planning a significant fleet expansion by evaluating deals for at least 100 new aircraft, primarily from Airbus, Embraer, and COMAC. CEO Tony Fernandes confirmed discussions for enhancing operational efficiency and service offerings, with evaluations of Embraer in Brazil …
Cathay Pacific reported significant growth in November 2024, transporting over 2 million passengers, a 23.1% increase from the previous year. Revenue passenger kilometers rose by 25.8%, and the passenger load factor climbed to 83.5%. The airline’s cargo sector also thrived, …
Garuda Indonesia has appointed Captain Wamildan Tsani Panjaitan as its new CEO, succeeding Irfan Setiaputra, during a shareholder meeting on November 15, 2024. Panjaitan, a seasoned aviation expert with experience at Lion Air and Batik Air, aims to improve Garuda’s …
Merger talks between Lufthansa and ITA Airways have resumed following a key agreement between the Italian Minister for Economy and Finance and Lufthansa executives. Lufthansa previously invested €325 million for a 41% stake in ITA, with plans to fully acquire …
Emirates Group has reported record pre-tax profits of AED 10.4 billion ($2.8 billion) for the first half of the 2024-25 fiscal year, a 1% increase from the previous year. Revenue reached AED 70.8 billion ($19.3 billion), up 5%. Emirates Airlines …
