Virgin Atlantic reported a pre-tax profit of £20 million in 2024, marking a return to profitability for the first since pre-pandemic. The company had reported a pre-tax loss of £139 million last year ...
Blackstone will acquire a 22% stake in British airports group AGS Airports from AviAlliance for £235 million ($304.4 million), the company said on March 28, 2025. AviAlliance, owned by the Public Sect...
Average worldwide air cargo rates regained a further 4% in the third full week of March, according to WorldACD's cargo data report. The report added that the increase puts the rates back to mid-Januar...
Turkish Airlines has launched flights to Ohrid, North Macedonia. The route marks its second destination in North Macedonia, following its capital Skopje and brings its global flight network to 353 des...
Aircraft charter company Air Charter Service has opened its new office in Montreal, Quebec, marking its second Canadian office, as well as its 36th office globally. The company's first Canadian office...
A disruptive Ryanair passenger has been fined €2,000 by the Malta court on March 28, 2025. The passenger had been smoking onboard a Ryanair flight going from Cologne to Malta on March 22. The disrupti...
ITP Aero reported revenues totalled €1.6bn in 2024, marking a 24% increase compared to 2023. The company, majority owned by Bain Capital, reported an EBITDA of €295 million, up 43%. The company said t...
TAP Air Portugal's net income dropped 69.7% to €53.7 million in 2024. Net losses more than doubled to €64.5 million, compared to a net loss of €26.2 million in the fourth quarter of 2023. “The 2024 re...
By Gus Majed, group CEO and founder of Paratus, the world’s first (re)insurance group underwriting energy price risk with innovative, commercially viable solutions accelerating the transition to net-z...
Wizz Air is launching three new routes from Budapest, connecting the Hungarian capital to Gdansk, Vilnius and Bilbao.The low-cost carrier will commence services to both Gdansk and Vilnius on June 30, ...
After the disastrous closure of Heathrow Airport on Friday March 21, 2025, after a power outage, the UK aviation body said it will “carefully consider the rules of resilience” on March 27, 2025. The a...
Ryanair carried 200 million passengers in a single year.The European airline said it has become the first European airline to hit this record.In February, Ryanair carried 12.6 million passengers, up 1...
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