SriLankan Airlines : Qatari and Indian Consortium for Majority Stake
A consortium featuring Qatari and Indian investors is vying for a majority stake in SriLankan Airlines, according to Colombo's Daily...
Finance
Ryanair Achieves Record Annual Profit Amid Surging Passenger Numbers
Financial Highlights Profit After Tax: Increased by 34% to €1.92 billion ($2.09 billion) for the year ending March 2024. Revenue:...
Profits Soar for British Airways Parent Company IAG Amid Strong Travel Demand
International Airlines Group (IAG), the parent company of British Airways, has reported a significant surge in profits for the first...
Emirates’ Sky-High Success: Staff Rewarded as Profits Soar!
In a move showcasing appreciation for their invaluable contributions, eligible Emirates staff are set to receive a bonus equivalent to...
Air Arabia Records Strong Q1 2024 Revenue
Despite encountering several challenges, including a 22% decline in net profit, which amounted to Dh266 million for Q1 2024, the...
Saudia Soars High in Q1: Records Strong Performance with 8.3 Million Passengers!
Saudia, the esteemed flag carrier of Saudi Arabia, has kicked off the year 2024 with an extraordinary first-quarter performance, marking...
Boeing Reports First Revenue Drop in Seven Quarters
CEO Dave Calhoun hinted at a potential acquisition of key supplier Spirit AeroSystems during the second quarter, despite ongoing negotiations...
Impact of Stronger Dollar and Soaring Oil Prices on Korean Airlines and LCCs
Shares of Korean Air, the nation’s flag carrier, have been on a downward trajectory since the onset of April, culminating...
Oman Air Reports 36% Reduction in Losses Amid Fiscal Year 2023
Highlighting the commendable achievement, Minister al Mawali elucidated that Oman Air witnessed a remarkable surge in revenues by 30% alongside...
Air Arabia shareholders approve 20% dividend distribution at Annual General Meeting
The Board of Directors’ recommendation follows the airline’s robust financial performance in the year ending December 31, 2023, where Air...
