Korean Air is boosting its network for the winter season with new routes and additional frequencies, although it will also suspend or merge some routes.
Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter.
Italian railway company Ferrovie dello Stato (FS) has put in a bid for Alitalia, paving the way to create an integrated transport company, Italy’s economic development minister Luigi Di Maio said.
Facing mounting issues in two major programs, Airbus has cut the manufacturer’s 2018 delivery target and said the company is working to “resolve certain commercial challenges on the A330ceo and the A380” by the end of the year.
Air France-KLM said revenues rose in the 2018 third quarter and predicted a further increase in the final three months of the year, but warned its fuel costs also would increase and passenger network capacity would grow by less than expected.
Indonesian officials appear confident the location of the main part of the fuselage from the Oct. 29 Lion Air flight JT610 crash has been found, as the search for wreckage continued for a third day on Oct. 31.
Overcapacity in the increasingly competitive Canadian domestic market has led WestJet to defer four Boeing 737 MAX 8s scheduled for delivery next year.
Russia’s Federal Air Transport Agency said it has suspended Yakutia Airlines’ international flights starting Nov. 5, until the Yakutsk-based carrier corrects flaws discovered during inspections.
Canada’s WestJet overcame rising fuel prices and other headwinds to post a third-quarter (3Q) net profit of C$45.9 million ($35 million), down 66.3% from the C$135.9 million reported in the year-ago quarter.
Embraer is still working to firm up many of the commitments received at this year’s Farnborough Air Show, but executives are confident that 2019’s production will be at or possibly above this year’s projected total of about 90 deliveries, and the recently reduced backlog will quickly be replenished.
US airports are disappointed Congress opted not to increase funds they receive for infrastructure construction in the FAA reauthorization bill, putting pressure on them to generate funds to shore up facilities amid record passenger demand.
Aircraft lessor AerCap carried out 87 aircraft transactions in the third quarter, including 20 for widebodies and said over 90% of new aircraft deliveries through 2020 were leased.
Finnair has completed the sale of 60% of its regional operation—Nordic Regional Airlines (Norra)—to Danish Air Transport (DAT), after securing competition clearance for the deal that was announced in late August.
An Indonesian safety official has confirmed the Lion Air Boeing 737 MAX 8 that crashed Oct. 29 had unreliable airspeed readings on its previous flight.
Latin American and Caribbean airline leaders meeting at the annual ALTA forum in Panama City Oct. 29 emphasized a coordinated and vigorous approach to digital modernization, decreased regulation and infrastructure improvements as vital to meeting the demands of a forecast doubling of air traffic in the region in 10 years.
Spanish flag carrier Iberia is boosting services from its Madrid Barajas hub to Latin America, and introducing additional Airbus A350 XWB routes to Buenos Aires Ezeiza (Argentina) and Chicago O’Hare (Illinois) in 2019.
Rolls-Royce has acknowledged it has fallen behind on Trent 7000 shipments to Airbus that will cause knock-on delays to A330neo deliveries later this year and into 2019.
