Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), reported first-quarter net income of $94.5 million, more than double the $42.6 million earned in the year-ago period, as strong sales growth more than offset a near 50% rise in fuel expense.
Lufthansa Group incurred a first-quarter net loss of €507 million ($752.6 million), widened 70.1% from a €298 million net deficit in the year-ago quarter.
Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), reported first-quarter net income of $94.5 million, more than double the $42.6 million earned in the year-ago period, as strong sales growth more than offset a near 50% rise in fuel expense.
Jetairfly based a new Boeing 737-800 at Charleroi Airport, lifting its aircraft based at CRL to three narrowbodies supporting 18 destinations. The Belgian airline subsidiary of TUI Travel deploys a fleet of 16 aircraft on 120 routes. AmSafe Industries won a contract by to supply cargo restraint nets for Sukhoi SuperJet 100s. Aigle Azur took delivery of a new Airbus A320.
Finnair will start five-times-weekly Helsinki-Hong Kong service, increasing to 12 flights per week during the summer schedule from May 30 to Oct. 9. AY’s new daily HEL-Singapore route will open May 30. The carrier operates 74 flights per week to Asia. Air Berlin launched four-times-weekly Airbus A330 Berlin Tegel–New York JFK service.
Royal Jordanian confirmed to shareholders that its first Boeing 787 delivery is now scheduled for the first-quarter 2014. It was originally scheduled to take delivery of its first Dreamliner last September and now hopes to receive three in 2014 and eight in 2016 and 2017.
Lufthansa CEO Christoph Franz said Tuesday following an LH board meeting that the airline expects to be able to work through a number of challenges this year to remain profitable.
Virgin Group Chairman Richard Branson, in Australia to launch the re-branded Virgin Australia, dismissed media speculation about his departure from the airline industry. "To quote Mark Twain, the rumors are greatly exaggerated and to my dying day I will always be involved in some way with airlines," Branson told ATW on Wednesday.
SkyWest Inc., the Utah-based parent of regionals SkyWest Airlines, Atlantic Southeast Airlines and ExpressJet, reported a first-quarter net loss of $11.1 million, reversed from a $15 million profit in the year-ago period.
Virgin Blue and its associate airlines—V Australia and Pacific Blue—will be rebranded "Virgin Australia" after Singapore Airlines, 49% owner of Virgin Atlantic Airways, reached an agreement with Virgin Group Chairman Richard Branson regarding the use of the Virgin name on international services to/from Australia.
Shandong Airlines reported a first-quarter net profit of CNY169.5 million ($26 million), up 79.5% over net income of CNY94.39 million in the year-ago period.
US FAA and organizations representing airlines pushed back against aviation's inclusion in the EU Emissions Trading Scheme starting next year, arguing that it exceeds the EU's regulatory authority and will take money away from airlines that could instead be used to invest in new technology that could help lower carbon dioxide emissions.
The era of double-digit growth and profit margins probably are over for US regional airlines. But opportunities still exist for those who can find them.
Virgin Blue and its associate airlines—V Australia and Pacific Blue—will be rebranded "Virgin Australia" after Singapore Airlines, 49% owner of Virgin Atlantic Airways, reached an agreement with Virgin Group Chairman Richard Branson regarding the use of the Virgin name on international services to/from Australia.
