Airbus delivered 27 commercial aircraft delivered in the first quarter of 2023 (Q1 2023), contributing to reported revenue of €11.8bn and €800 million in earnings (EBIT adjusted). Consolidated net inc...
Jazeera Airways recorded a net profit of $7.48 million in Q1 of 2023 as compared to KD3.8 million in Q1 of 2022. Total revenue for the quarter reached KD48.3 million, up 35.2%, while operating profit ...
Lilium, German eVTOL company secured $100 million in what it expects will be $250 million in new funding. “Capital raise for up to $250 million, with $100 million funded at close of the trading day,” ...
Korean Air’s Q1 net profit fell 35% from 543.85 billion in Q1 of 2022 to 355.42 billion won. The airline released its financial statement for Q1 of 2023 (January – March 2023). The airline also repor...
Fitch Ratings has downgraded Western Global Airlines’ (WGA) Long-Term Issuer Default Rating (IDR) to 'CCC-' from 'B-'. Fitch has also removed the IDR from Rating Watch Negative. Fitch has downgraded W...
Go First that filed for voluntary insolvency proceedings reportedly owes $798 million to financial creditors. In a recent filing the airline claimed that it had not defaulted on any of these dues till...
US scheduled passenger airlines reported a combined 2022 after-tax net profit of $1.6bn, according to the government's Bureau of Transportation Statistics (BTS). The BTS said the carriers reported gai...
Bombardier said an upgrade by S&P Global Ratings reflects its "solid plan and financial discipline, as well as to the commitment of its talented teams". S&P on May 1 lifted its credit rating for Bomba...
Lessor AerCap has reported net income for the first quarter of 2023 (Q1 2023) of $432 million or $1.79 per share, with adjusted net income of $566 million or $2.34 per share. The Dublin-based business...
Falko Regional Aircraft has announced that Kroll Bond Rating Agency (KBRA) has upgraded the rating of Falko’s Regional 2021-1 ABS Series A loans from BBB+ to A-. "The upgrade of the Series A loans is ...
Air Lease Corporation reported a $118.3 million first-quarter 2023 (Q1 2023) profit and $636.1 million in revenue, the latter a 6% increase year-on-year "primarily driven by the continued growth in ou...
China Southern Airlines' net loss narrowed sharply in Q1 of 2023 as compared to the same time last year mostly due to the increase in operating revenue by 59%. The company's net loss shrank to $274.9 ...
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