2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year first-quarter or equivalent, generally covering January-March 2017
Singapore Airlines Group (SIA) reported a FY2016-17 net profit of S$360 million ($259 million) for the fiscal year through March 31, down 55% from S$804.4 million in the previous year.
Russia’s S7 Airlines began international flights from St. Petersburg Pulkovo International Airport May 9, with 3X-weekly Airbus A319 services to Berlin Tegel.
Istanbul-based Turkish Airlines may give technical assistance to the Albanian government in setting up its own national carrier, Albania Prime Minister Edi Rama announced at a May 9 joint press conference in Tirana, Albania.
Airport and airline traffic; aircraft values; Jan-April 2017; April 2017 Airbus, Boeing deliveries and orders; Q1 airline and lessor financial results.
Mexican LCCs and ULCCs have been on a roll. But they must compete with each other and US LCCs, and Mexico’s erratic economy must grow for upstarts to expand.
GE is promising the GE9X will offer 10% greater fuel efficiency than the GE90-115B and will be the most efficient engine it has produced on a per-pounds-of-thrust basis.
Airlines want more power over pricing, but global distribution systems stick to the status quo. Technology or regulator intervention could lead to changes.
Korean Air produced a consolidated net profit of KRW559 billion ($500.3 million) for the first quarter of 2017, reversing a loss of KRW175 billion in the year-ago period.
Rockwell Collins has developed a “low-risk” integration plan for merging B/E Aerospace, which it acquired last month for $8.6 billion, into Rockwell, according to chairman, president and CEO Kelly Ortberg.
Seattle-based Alaska Airlines has won approval by the US Department of Transportation (DOT) for services to Mexico City’s Benito Juarez International Airport from Los Angeles, San Francisco and San Diego, California.
Growth in worldwide air cargo traffic reached its highest level in nearly seven years as March FTKs expanded 14% compared to a year ago, according to IATA’s March Air Freight Market analysis.
Seattle-based Alaska Airlines announced May 17 that it will begin commercial aircraft service out of Everett, Washington’s Snohomish County Airport-Paine Field (PAE) starting in fall 2018, subject to government approvals.