Airline

Turkish Airlines swung a net income of $161 million in the first quarter of 2022 from a net loss of $229 million in January-March 2019.

Total revenues of the flag carrier grew more than 10 percent in the first three months of this year compared to the first quarter of 2019 to reach $3.05 billion.

U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic.

United Airlines reported on April 20 that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up.

The Chicago-based airline posted revenue of $7.67 billion in the quarter that ended March 31. That was down 21 percent from the first quarter of 2019.

Russia is closing its airspace to airlines from Bulgaria, the Czech Republic and Poland.

German airline Lufthansa has announced that it will suspend flights to the Ukrainian capital Kyiv from tomorrow due to growing fears of a Russian invasion.

The airline said it would also suspend flights to Odessa, a key Black Sea port.

"The safety of our passengers and crew is our top priority at all times," Lufthansa said.

The alliance with EL AL Airlines is added to Sky Express’s interconnection agreements with other global companies

The Italian government has given the green light to privatization of ITA Airways, the successor of Alitalia currently being eyed by Lufthansa and MSC.

ITA, which began operating in October out of the ashes of loss-making Alitalia, is valued at between 1.2 billion and 1.4 billion euros, a financial source told AFP.

The most expensive roundtrip and one-way airline tickets for international flights were sold at 33,000 Turkish Liras and 28,000 liras, respectively in 2021, a report has shown.

Air travel gained momentum last year after countries and carriers eased most of COVID-19-related measures, said Turna.com, an online ticket sales company in its 2021 Travel Report.

Turkey’s national flag-carrier, Turkish Airlines, was still flying migrants from Constantinople to Minsk twice a day despite the border crisis

Turkish Airlines has reported a net profit of $735 million in the first nine months of 2021, İlker Aycı, the flag carrier's chairman of the board, has announced.

"We managed to post profit at a time when other airlines, such Lufthansa, Air France-KLM and United Airlines recorded siginifcant losses.