Norwegian has published its financials for 2023, reporting a company-record operating profit (EBIT) of NOK 2,232 million. This milestone reflects the airline’s strategic move to reduce capacity during the less busy winter season, showcasing its ability to adapt and thrive. Norwegian Financials 2023 The airline’s end-of-year liquidity surged to NOK…
Finnair Group’s 2023 financial summary reflects steady resilience in 2023, benefiting from a dynamic market and strategic revenue and cost initiatives. Let’s dive into the details of the airline’s year-end financial release. Finnair Financial Performance Q4: October – December 2023 Finnair Financial Performance January – December 2023 Note: Figures in…
Qatar Airways has partnered with gategroup to redefine in-flight dining, focusing on quality, sustainability, and healthy options. New Heights in In-flight Cuisine Qatar Airways has partnered with gategroup, the airline catering giant, to transform in-flight dining into a gourmet adventure. This cooperation benefits from gategroup’s expertise in creating innovative menus…
Avolon, a leading global aviation finance company, has published its financial results for the full year 2023. The company recorded a net income of US$339 million, representing a strong year-over-year growth considering the global economic conditions. Avolon also reported a record operating cash flow of $1.75 billion. Leading metrics and…
Airbus has published its order and delivery performance for December 2023. It shows the aircraft manufacturer completed a total of 112 deliveries to 51 customers during the month. Additionally, Airbus secured 807 gross orders for the month. This reflects strong market demand for aircraft as airlines expand and renew their…
Scandinavian Airlines System (SAS) reports increased demand for travel, according to their recently released traffic numbers. In January alone, 1.5 million passengers flew with SAS, a 1 % increase from the previous year. With a focus on meeting the resurgence in air travel interest, SAS increased its capacity by 5%.…
At a recent Board meeting of SAS AB, the group discussed and approved the November 2022-October 2023 Annual and Sustainability Report for the SAS Group and parent company SAS AB. This report shows the company’s performance and commitment to sustainability over the past year. The Annual and Sustainability Report includes…
Finnair Reports a Modest Rise in Passenger Traffic for January 2024 Despite Weather Challenges Finnair‘s latest traffic data reveals a slight 0.4% increase in passengers this January compared to last year, totaling 819,800 travelers. This growth comes even though January is usually a less busy month for air travel. The…
Air India Chooses RECARO for 22,000 Aircraft Seats in Upgrade Drive Air India, India’s flagship airline, has struck a deal with RECARO Aircraft Seating for their widebody fleet’s premium economy and economy sections. Over 22,000 RECARO seats will enter Air India’s aircraft through line-fit and retrofit programs over the next…
For the first time since the approval of the acquisition, Norwegian and Widerøe are combining their traffic reports. In January, Norwegian welcomed 1,138,621 travelers, alongside 246,326 who chose Widerøe to get to their destinations. The combined efforts of both airlines resulted in the Norwegian Group flying a grand total of…
