Russian aircraft manufacturer Irkut Corp. reported a 2016 net income of RUB1.2 billion ($20 million), reversed from a RUB2.3 billion net loss in the year-ago period.
Lufthansa Group subsidiaries Swiss International Air Lines (SWISS), Austrian Airlines and Lufthansa will abolish a rule requiring two people in the cockpit, effective May 1.
United Parcel Service (UPS) posted a $1.2 billion net profit for the first quarter of 2017, up 2.4% from net income of $1.1 billion in 1Q 2016, on a 6.2% year-over-year rise in total company revenue to $15.3 billion.
Oman Air recorded a sharp deterioration in its financial position in 2016, making a net loss of RO129.8 million ($337.1 million) compared to RO86.3 million in 2015. Full-year revenue was up 1% at RO4.73 billion.
Southwest Airlines posted 2017 first-quarter net income of $351 million, down 31.6% from a net profit of $513 million in the 2016 March quarter, even as the Dallas-based carrier generated record first-quarter revenue of $4.9 billion, up 1.2% year-over-year (YOY).
Moscow-based lessor Ilyushin Finance (IFC) has converted a Bombardier Q400 option into a firm order, taking its order to two of the type, to be placed with Kenya Airways low-cost subsidiary Jambojet.
Lufthansa Group recorded a net loss of €68 million ($73 million) for the first quarter of 2017, deepened from the company’s €8 million net loss in 1Q 2016.
American Airlines reported a first-quarter 2017 net profit of $234 million, down 66.6% from net income of $700 million in the 2016 March quarter, as fuel prices rose sharply.
Lawyers for David Dao—the passenger violently dragged off United Express flight 3411 nearly three weeks ago—announced April 27 an amicable settlement had been reached with United Airlines.
Ireland-based low-cost carrier (LCC) Ryanair will reclaim €15 million ($16.3 million) from French authorities following a ruling in the airline’s favor at the European Court of Justice (ECJ).
American Airlines is deferring the delivery of 24 widebody aircraft, including its first Airbus A350 that had been scheduled for delivery next year, reducing capital expenditures by more than $1 billion in the 2018-2020 period.
United Airlines is making a number of policy changes aimed at improving customer service and CEO Oscar Munoz has issued another public apology for the incident on flight 3411 in which a passenger was dragged off an aircraft to make way for a crew member.
Qatar Airways plans to launch 12 destinations in 2018 and will begin offering high-speed broadband connectivity in partnership with Inmarsat, using GX Aviation technology on flights from this summer.
Low-cost carrier Norwegian’s first-quarter net loss was NOK1.5 billion ($173.9 million), widened 86% from a NOK800.1 million loss in the year-ago period.
American Airlines is offering mid-term pay raises to its pilots and flight attendants so they are compensated in line with their peers at Delta Air Lines and United Airlines—a voluntary move almost unprecedented in US airline labor history.
United Airlines’ CEO has provided US lawmakers with a detailed account of events leading up to and during the incident that notoriously ended up with a passenger being brutally dragged off an aircraft to make way for a United regional airline employee.
Italy is preparing an emergency bridge loan to keep Alitalia going, in hopes of finding a buyer, after employees derailed the carrier’s turnaround plan by rejecting a labor agreement.
