Finance
Discover the latest financial news in the aviation industry, including quarterly and annual reports, earnings updates, and financial performance of airlines.
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...
ATR records strong growth in 2023 amid supply chain challenges
Franco-Italian regional aircraft manufacturer ATR has reported significant growth in its 2023 annual results despite ongoing supply chain disruptions. The company delivered 36...
Cebu Pacific posts strong Q3 results, expects continued growth in 2024
Cebu Pacific (CEB) is poised for continued growth in 2024, despite facing challenges related to aircraft inspections. The airline reported robust financial and...
PAL reports $98 million net income in Q3
Philippine Airlines (PAL) has reported a net income of US$98 million (PHP 5.4 billion) and an operating income of US$130 million (PHP 7.2...
PAL sees strong growth in H1 2023, invests in fleet and services
Philippine Airlines (PAL) has reported impressive financial results for the first half of 2023, with a record net income of US$250 million (PHP...
