Reading Time: < 1 minute Long-haul, low-cost carrier (LCC) AirAsia X reported a first-quarter net profit of MYR10.3 million ($2.3 million), down 94% compared to net profit of MYR179.5 million ($42 million) in the year-ago quarter. First-quarter operating revenue was up 22% to MYR1.2 million and operating profit fell 43% year-over-year (YOY) to MYR60.3 million. Passengers carried rose 33%, lifting load […]

Reading Time: < 1 minute A tough year has taken its toll on Emirates despite the airline managing to keep profits in the black. The Group’s 2016-2017 results report a 29th year of profit but airline profits are down 81 percent to AED 1.3 billion ($340 million) from a record AED 7.2 billion ($1.9 billion) last year. Group profits, which […]

Reading Time: 2 minutes Ireland-based low-cost carrier (LCC) Ryanair saw its third-quarter profits fall 8% compared to the same period in the previous year, as geopolitical events pushed more capacity into its market and yields fell. The LCC reported net profits of €95 million ($102 million) for the third quarter of its financial year ended Dec. 31, down from […]