Panama City-based Copa Holdings reported $102.3 million net profit for the first quarter of 2017, down 11.4% from $115.5 million net income for 1Q 2016.
Gulf low-cost carrier (LCC) Air Arabia reported a first-quarter net profit of AED103 million ($28 million), down 10% compared to net profit of AED114 million in the 1Q 2016. Revenue for the quarter was AED810 million, down 14% year-over-year.
Argentine ultra low-cost carrier (ULCC) startup Flybondi has finalized a lease agreement on its first Boeing 737-800 and is in talks to secure a fleet of up to 10 737-800s for 2017-18.
Long-haul, low-cost carrier (LCC) AirAsia X is looking to increase frequencies on its most popular routes and expand into under-served markets, CEO Benyamin Ismail said while in the US to promote the launch of flights to Hawaii.
HNA Group subsidiary Hong Kong Express (HK Express) aims to upgauge its fleet through new deliveries of Airbus narrowbody aircraft, although its plans have been disrupted by production problems.
New York-based JetBlue announced new flight schedules from Fort Lauderdale and Orlando, Florida, to Mexico City (MEX), following the news of a transborder joint venture between Atlanta-based Delta Air Lines and Aeromexico.
Spirit Airlines said it has reached an agreement with the Air Line Pilots Association (ALPA) to indefinitely extend a temporary restraining order compelling Spirit’s pilots to cease what the ultra low-cost carrier (ULCC) has called “a pervasive illegal work slowdown.”
Boeing has broken ground on a 737 completion and delivery center in Zhoushan, China, which is in the Zhejiang Province, as the US manufacturer seeks to expand its global footprint and strategic partnership with China.
Bombardier executive chairman Pierre Beaudoin said he intends to give up his executive role at the Canadian company June 30, but will stay on as non-executive chairman of Bombardier’s board of directors.
European Regions Airline Association (ERA) director general Simon McNamara will step down as chief of the regional airline lobby group later this year to take up a senior role at one of ERA’s airline members.
A combination of geo-political and macroeconomic factors brought about a sharp reduction in earnings at Emirates Airline in the 2016-17 financial year, the Dubai-based carrier reported May 11.
Scandinavian leisure carrier Primera Air has placed an order for eight Boeing 737 MAX 9s, has taken purchase rights on four more, and will lease another eight from US lessor Air Lease Corp.
Ukraine’s Antonov Airlines, a division of state-owned Antonov Company, has established offices in the US and Hong Kong as part of ongoing expansion plans.
Boeing has suspended 737 MAX flights after being informed by CFM International of a potential issue with the aircraft’s LEAP-1B engine, although Boeing says MAX 8 deliveries will begin this month as planned.
Irish low-cost carrier (LCC) Ryanair will add a further 10 Boeing 737-800s to its Frankfurt base, for a total of 12 aircraft next year, Frankfurt airport operator Fraport CFO Matthias Zieschang told journalists during a analysts conference call May 9.
India’s SpiceJet is still weighing whether to become the latest low-cost carrier to enter the long-haul market with widebody aircraft, an airline executive said.
Airbus has launched its US base and operations of a new commercial drone startup—Airbus Aerial—in Atlanta, Georgia and has appointed Jesse Kallman as president of the US base.
Lithuania-based lessor AviaAM Leasing has warned that airlines may have to list operating leases on their balance sheet, once new financial reporting standards come into effect in 2019.
International Airlines Group (IAG) is considering Paris and Rome as potential bases for its new long-haul, low-cost carrier (LCC) Level, which plans to launch flights from Barcelona June 1.
The European Commission (EC) has told ACI Europe that the US ban on electronic devices could shortly be extended to European airports—but the US government has neither confirmed nor denied the new ban.
