In today’s issue: Singapore sets a personal record, Carl Ichan backs off, Qatar is getting their wallet ready, and EVA goes shopping.

^{News Roundup} 

• 🥇 The best yet: Singapore Airlines reported a net profit of $2 billion in the 2023-24 fiscal year - the company’s best financial performance in its 77-year history. The airline carried 36.4 million passengers during the period, up 37.6% from the year prior. As a result, the airline will pay their employees bonuses equal to roughly eight months of salary.

• 🔙 Backing off: After taking a nearly 10% ownership stake in JetBlue, corporate raider Carl Ichan appears to have cut his stake in the airline down to 5%. It was never entirely clear what his plans were when he first started buying shares in the airline and it's no clearer now.

• ❓ Mystery airline: The CEO of Qatar Airways shared that the airline intends to invest in RwandAir and another mystery airline in southern Africa. He explained that the airline is struggling to grow its presence in central and southern Africa which is where these investments come into play: presumably, these two airlines would help provide passenger feed for Qatar’s flights to Doha from the region.

• We’ll take more: Taiwanese carrier EVA ordered 4 additional 787-10s. They currently operate 11 of the type and have 2 more on order. The planes are expected to be delivered in 2029 and will bring EVA's 787-10 fleet size to 17. As passenger demand approaches pre-Covid levels in Asia, it’s certainly no surprise to see EVA looking to expand capacity. This comes on the heels of fairly impressive Q1 results from airlines across Asia.

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