Russia’s international traffic has dropped due to Western sanctions, but demand for domestic flying remains intact, bolstered by government subsidies.

Flag-carrier Air China forecast the biggest projected loss.

Ryanair looks to be on track to meet its fiscal 2023 profit forecast of between €1.3-1.4 billion ($1.4-1.5 billion). 

The airline said load factors had improved, in particular in November but also in December.

Cebu Pacific plans to boost its operations to pre-pandemic levels in March.

Greek carrier Sky Express is set to take delivery of its first pair of Airbus A321neos in 2023, following a year of rapid post-pandemic growth.

The carrier has reported strong demand for flights to Shanghai.

India’s Vistara is continuing to expand its fleet and network beyond pre-pandemic levels as it takes delivery of new aircraft.