Summer 2023 ‘one of the best’ says Norwegian CEO
Norwegian, the Norway-based low-cost carrier, said it is experiencing “one of the best” summer seasons in 2023.“The summer…
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Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Kuwait Airways progressing steadily toward profitability
Kuwait Airways said that it is progressing steadily towards profitability, with the company cutting its losses in half…
Ryanair celebrates court win against online travel agency Kiwi
Ryanair welcomed the recent ruling of the Civil Court of Milan against online travel agency (OTA) Kiwi.In a…
BAE Systems completes $5.55 billion acquisition of Ball Aerospace
British multinational BAE Systems has announced its strategic acquisition of Colorado-based Ball Aerospace for $5.55 billion.The deal aims…
Ryanair compares Italy’s domestic price cap to measures used in the Soviet Union
Ryanair Group’s Chief Executive Officer (CEO) Eddie Wilson has expressed criticism for the newly introduced ticket price caps…
At a critical time for the airline, airBaltic returns to profit
airBaltic has returned to profitability, despite many external factors going against the Riga Airport (RIX)-based airline. The flag carrier…
Turkish Airlines claims it now ranks ‘#1 by destination countries’ globally
Turkish Airlines has announced that it now ranks number one in the world in terms of destination countries, a claim it…
As Cathay Pacific celebrates its H1 result, the airline’s pilots look to strike
As Cathay Pacific posted a positive H1 result, the like of which it has not seen for over…
Frankfurt Airport parent Fraport sees a lot of positives in H1 2023
The parent company of Frankfurt Airport (FRA), Germany, as well as other airports throughout the globe, Fraport, saw…
Two of Lufthansa’s airlines remain unprofitable
Though Lufthansa has announced a record-breaking Q2 2023, two of its airlines have remained loss-making. Out of the group’s…
After the latest deal, how many A321neo aircraft does Wizz Air have on order?
With Wizz Air having finalized its latest order for the Airbus A321neo aircraft, AeroTime takes a look at…
Joby posts $286 loss, but cash position remains solid
California-based eVTOL developer Joby Aviation has posted a $286 million loss for Q2 2023. Companies in the race to…
Executive jet startup Volato goes public via SPAC
Volato, an executive jet startup, is going public through a special purpose acquisition company (SPAC). In order to be…
Virgin Galactic shares in chaos following Q2 2023 results
Virgin Galactic’s shares opened slightly lower on August 2, 2023, compared to the previous day’s closing price. After closing…
Korean Air expects passenger demand to stay strong for next few months
Korean Air expects to still see robust travel demand over the next few months, which will help the…
IndiGo records highest quarterly revenue on back of record-breaking aircraft deal
IndiGo earned its highest quarterly revenue to date during the same quarter the airline broke the record for…
Frontier Airlines continues to incur costs after failed merger with Spirit
Frontier Airlines disclosed that it recorded $1 million in total costs related to its failed merger with Spirit…
Near-term headwinds dampen JetBlue’s full-year expectations
Despite JetBlue achieving a record-breaking Q2 2023, recent headwinds, some of which were out of the airline’s control,…