Aeroflot Group’s net profit for the third quarter (3Q) reached RUB27.7 billion ($422.4 million), up 14.2% as the airline group implemented cost controls in the wake of high fuel costs and currency pressure seen through the year.

Falling fuel prices could trigger a small increase in near-term capacity but not major network additions at United Airlines, in part because of the airline’s success in passing through costs during fuel’s price rise, a top executive said.

Indigo Partners, a US private equity firm that specializes in ultra-LCCs, has emerged as a potential new investor in WOW Air, dramatically changing the fortunes of the Icelandic LCC in the same week that an acquisition attempt by Icelandair collapsed.

Russian airlines carried 99.2 million passengers in the January-October period, up 10.4% year-over-year (YOY).

The AirAsia Group saw its net profit nearly double in the third quarter thanks to one-off items, but operating profit dropped significantly mainly because of rising fuel costs.