Jazeera Airways announced financial results for the first half (1H) of 2023 with total revenues up 26.1% to KD97.85 million and operating profits of KD9.35 million. Net profit for the period was KD6.27 million compared to KD 7.38 million for the same period last year. Profits for the last year also included a “one-off” gain…
Icelandair Q2 Results, highest profit since 2016
Icelandair shows profit of USD 13.7 million in Q2 – Highest since 2016. EBIT of USD 20.9 million, up by USD 19.6 million year-on-year. EBIT ratio 5%, improving by 4.7 percentage points between years. Profit of USD 13.7 million compared to USD 3.8 million in Q2 last year. Record operating income of USD 414.2…
IATA Says Airlines Return To Profit In 2023
As airlines continue to reduce losses brought on by the impacts of the COVID-19 pandemic, the International Air Transport Association (IATA) anticipates a return to profitability for the global airline sector in 2023. IATA estimates airlines are projected to have a meagre $4.7 billion nett profit in 2023 or a nett profit margin of 0.6%.…
Loganair returns to profit as pandemic recovery continues
Loganair, the UK’s largest regional airline, returned to profitability in the financial year to 31 March 2022 – the year in which the airline also celebrated its 60th anniversary. The Glasgow-based company today released its audited accounts for the financial year, setting out a profit before tax of £4.98 (approx. USD5.61) million on a turnover of £161…
Hays Travel announces first post pandemic profit
The UK’s largest travel firm Hays Travel has announced a return to profit for the first time since the start of the pandemic. Three years since rescuing Thomas Cook shops and jobs, the company has announced a profitable year for the group in 2021 and 2022. The 42-year-old Sunderland-based company weathered multiple challenges to the…
