China Southern Airlines earned an estimated net profit for the first nine months of 2010 of CNY5.6 billion ($843 million), a more than fifteenfold year-over-year increase from CNY322 million earned in the year-ago period, according to figures derived from both a CZ filing with the Shanghai Stock Market and estimates made by China International Capital Corp.
Hawaiian Holdings, parent of Hawaiian Airlines, reported its tenth consecutive quarterly profit, posting earnings of $30.5 million for the third quarter ended Sept. 30, down 0.7% compared to earnings of $30.7 million in the year-ago period. The company noted that 2010 third-quarter results were boosted by a lower tax rate and related accrued interest that raised income by $7.1 million. In the year-ago period, the company had an income tax benefit of $13.7 million.
Boeing Company earned $837 million in the third quarter ended Sept. 30, reversing a loss of $1.56 billion in the year-ago period, on higher Commercial Aircraft sales and deliveries in the quarter and generally strong performance across the company's other business units.
American Airlines parent AMR Corp. returned to the black for the first time in three years, reporting third-quarter net income of $143 million, reversed from a $359 million net loss the year-ago period.
US Airways posted third-quarter net income of $240 million, reversed from an $80 million net deficit in the year-ago period, saying the combination of "a modestly improving economy," capacity discipline and "moderate" fuel prices are creating an environment conducive to profitability.
Delta Air Lines kicked off US majors' third-quarter earnings reporting period Wednesday by announcing a $363 million net profit, reversed from a $161 million net loss in the year-ago quarter, and predicted it will achieve its first profitable fourth quarter since 2000.
Boeing Company earned $837 million in the third quarter ended Sept. 30, reversing a loss of $1.56 billion in year-ago period, on higher Commercial Aircraft sales and deliveries in the quarter and generally strong performance across the company's other business units.
Delta Air Lines kicked off US majors' third-quarter earnings reporting period Wednesday by announcing a $363 million net profit, reversed from a $161 million net loss in the year-ago quarter, and predicted it will achieve its first profitable fourth quarter since 2000.
Lufthansa Systems said Aer Lingus renewed a contract for its Lido/Flight planning solution through 2015. Toppan Forms Co. said it has developed a refrigerant named “MechaCool” for inflight beverage services and will introduce the product on select Japan Airlines flights.
Qatar Airways launched six-times-weekly Doha–Kuala Lumpur-Phuket service. Jet2.com will operate seasonal Manchester–Brive service starting May 21. Malev will operate summer 2011 seasonal service from Budapest to Heraklion (thrice-weekly, June 11-Sept. 24), Corfu (thrice-weekly, June 11-Sept. 24) and Burgas (twice-weekly, June 18-Sept. 17).
AerCap Holdings announced that Gothenburg-based cargo operator West Atlantic will become the launch operator for the Airbus A320 passenger-to-freighter program by taking an initial three aircraft on lease from AerCap with deliveries between 2012 and mid-2013, with the option of a further four aircraft by 2015. The agreement is subject to finalization of terms and conditions, AerCap said. The aircraft are part of a 2008 passenger-to-freighter conversion project between Airbus Freighter Conversions and AerCap covering up to 30 A320s.
Nav Canada's 700 technicians represented by the International Brotherhood of Electrical Workers voted to ratify a tentative collective bargaining agreement reached last month with the air navigation services provider. The new contract runs until Aug. 31, 2011, and provides for wage increases of 1% retroactive to Sept. 1, 2009, 1% retroactive to March 1 and 1% retroactive to Sept. 1. There will be an additional 1.5% increase on March 1, 2011.
Iran Air said it "may be necessary" to operate its London Heathrow–Tehran flights "with an unscheduled refueling stop at Hamburg or Vienna" owing to "ongoing fuel supply problems at London Heathrow." The statement comes as multiple media outlets report that a number of Western fuel providers are unwilling to conduct business with the carrier following sanctions imposed on the Iranian government earlier this year by the UN, US and EU.
Russia's S7 Airlines plans to buy a mix of up to eight 737-800s and A320 family aircraft in 2011 as part of its fleet modernization program, according to CEO Vladimir Obyedkov. "If the shareholders permit it, we will buy seven or eight aircraft," he told RIA Novosti. He said the 737-800s would operate for S7 subsidiary Globus Airlines while the A320s would join S7's mainline fleet. The carrier currently operates 28 A320 family aircraft, five A310-200/300s and two 767-300s. It also owns several Russian-built aircraft including Tu154s and IL-86s.
NCR Corp. announced it acquired Edinburgh, Scotland-based Mobiqa, which provides mobile optimized content including ticketing and barcode boarding pass solutions for several airlines. Price and terms of the transaction were not disclosed.
As strike action continued across France, up to half of flights Tuesday at Paris Orly and 30% of flights at the nation's other airports were canceled, the French DGAC said (ATW Daily News, Oct. 19).
US Airways and Mesa Air Group signed a term sheet Tuesday that extends MAG subsidiary Mesa Airlines' contract with US to operate 38 CRJ900s on US Airways Express flights to September 2015. The contract would have expired on June 30, 2012.
IATA said Tuesday that the prospect of only moderate economic growth next year led to it issuing a "more subdued $5.3 billion [aggregate global net profit] outlook for 2011" compared to its $8.9 billion industry profit forecast for full year 2010 (ATW Daily News, Sept. 22).
Aerolineas Argentinas will sign an agreement by the end of this month "to officially start the process of joining SkyTeam as the first South American member of the airline alliance," SkyTeam said in a statement Tuesday.
