Finance
Discover the latest financial news in the aviation industry, including quarterly and annual reports, earnings updates, and financial performance of airlines.
Cathay Pacific fully repays Hong Kong Government’s HK$19.5 billion investment
Cathay Pacific has fully repaid the HK$19.5 billion investment made by the Hong Kong Special Administrative Region (HKSAR) Government in 2020, marking a...
Cebu Pacific plans equity restructuring to erase P16 billion deficit
Budget carrier Cebu Pacific has approved an equity restructuring plan to eliminate its P16.27 billion deficit, according to an official disclosure to the...
SIA Group posts record full year net profit of SGD 2.675 billion
The Singapore Airlines (SIA) Group announced record financial results for the fiscal year ended March 31, 2024, driven by robust air travel demand....
Cebu Pacific’s Q1 profit more than doubles on strong travel demand
Low-cost airline Cebu Pacific reported its net income soared 108% year-over-year to over P2.2 billion in the first quarter of 2024. This robust...
PAL posts positive Q1 2024 performance despite challenges
Philippine Airlines (PAL), the country’s flag carrier, reported a positive first quarter performance for 2024 with a total comprehensive income of $81 million...
PAL nets record $379m profit in 2023
Flag carrier Philippine Airlines (PAL) reported a record net income of $379 million (PHP 21 billion) for the year 2023, marking its strongest...
Cebu Pacific bounces back with P7.9 billion net income in 2023
Low-cost carrier Cebu Pacific has staged a notable recovery from the pandemic-induced losses, reporting a net income of P7.9 billion for the fiscal...
Lufthansa Group reports strong 2023 performance, plans record investments
The Lufthansa Group announced its financial results for 2023, reporting an operating profit of €2.7 billion, the third-highest in the company’s history. Revenue...
Eurowings achieves remarkable profit turnaround in 2023
German low-cost airline Eurowings reported a historic profit of 205 million euros in adjusted EBIT for 2023, marking a remarkable turnaround from the...
Airbus delivers strong fiscal year 2023 results
Airbus SE has reported its consolidated Full-Year (FY) 2023 financial results, demonstrating a strong performance despite a complex operating environment. Airbus delivered 735...
