Data & Financials

Saudi Arabian national carrier Saudia is reporting a significant increase in its number of transit passengers, as the airline grows rapidly and seeks to become a rival to the “ME3” of Emirates Airline, Etihad Airways and Qatar Airways.

Virgin Australia forecasts a significant drop in its financial performance for the fiscal year through June 30, prompting the airline to plan capacity and network cuts.

EasyJet reported a widened first-half loss, but the UK LCC said it was better prepared for expected air traffic controller (ATC)-related disruption in European skies over the peak summer period.

The Singapore Airlines (SIA) Group posted record revenue of SGD16.3 billion ($12 billion), up 3.2% year-over-year (YOY) for its 2018-19 fiscal year.

AirAsia X achieved a slight improvement in profits for the first quarter, which the airline attributes partly to its route restructuring efforts.

Thai Airways reported a steep drop in profits for the March quarter, although the airline is also moving closer to gaining approval for a major aircraft order.

LuxairGroup has posted a €12.5 million ($14 million) full-year net profit, up 32% year-over-year, but president and CEO Adrien Ney has warned of a “sharp decrease” for 2019 because the group faces “enormous pressure” in a complicated environment.

Thai LCC Nok Air is hoping a reduction in aircraft numbers will help reverse its deepening net losses.

International Airlines Group (IAG) has no interest in bidding for the airline division of tourism group Thomas Cook, CEO Willie Walsh said May 10.

Qantas says it is on track to fully offset higher fuel prices with revenue improvements in its current financial year, and the Australian flag carrier has a generally positive demand outlook.

Russian regional carrier Yamal Airlines will not take the last of 10 Sukhoi Superjet 100s (SSJ100s) from an order of 25, Yamal CEO Vassily Kryuk reportedly told the Interfax newswire this week.

Emirates Airline’s 2018-19 profits have fallen 69% to AED871 million ($237 million), under the strain of high fuel prices, “cut throat” competition and unfavorable exchange rates.

Despite the loss of revenue from 18 days of grounded Boeing MAXs at the end of last quarter, WestJet posted a C$45.6 million ($33.8 million) profit, up 30% from $34.2 million in the year-ago period.

Icelandair posted a first-quarter net loss of $55 million, widened from a $35 million net loss in the year-ago quarter as pressure on airfares, higher costs and Boeing 737 MAX grounding created uncertainty.

China LCC Spring Airlines reported a 2019 first-quarter net profit of CNY474.5 million ($69 million), up 23.1% compared to CNY385.5 million in the year-ago quarter.