Pakistan International Airlines (PIA) signed a wet-lease agreement with SriLankan Airlines for three A330s, PIA CEO Bernd Hildenbrand confirmed to ATW.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported second-quarter net income of $60.8 million, up 12% from $54.3 million in the year-ago period.
US-based FedEx earned net income of $1.82 billion for its 2016 fiscal year ended May 31, up 73.3% over a net profit of $1.05 billion for the previous fiscal year, on a 6.1% year-over-year (YOY) rise in revenue to $50.37 billion.
Florida-based ultra low-cost carrier Spirit Airlines reported 2016 second-quarter net income of $73.1 million, down 4.7% from a $76.7 million profit in the year-ago period.
Japan Airlines (JAL) saw its net profit decline 55% to ¥14.7 billion yen ($143.6 million) in the three months through June 30, partly because of earthquakes in Kyushu and weakness in many global markets.
Utah-based SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported $40.2 million in 2016 second-quarter net income, up 27.8% from the company’s $31.5 million net income in 2Q 2015.
The Singapore Airlines Group has reported a 2016-17 first-quarter net profit of S$256.6 million ($190 million), nearly tripled from a S$91.2 million net profit in the year-ago period ended June 2015.
Etihad’s group chief does not expect the Airbus A380neo to be built and says the 10 A380s the Abu Dhabi airline ordered are sufficient—the future lies with new-technology aircraft like the Airbus A350 and Boeing 777X.
Singapore’s Changi Airport has earmarked S$35 million ($25.8 million) over the next six years to upgrade the facility’s customer interaction, ground services and data handling capabilities.
Las Vegas-based low-cost carrier Allegiant Air pilots, represented by International Brotherhood of Teamsters (IBT), have ratified the airline’s first union contract.
China Eastern and China Southern Airlines, along with other SkyTeam member carriers, plan to move to Beijing New Airport when it opens in 2019, according to the CAAC.
Etihad Airways has opened a dedicated premium passenger lounge in the Tom Bradley International Terminal at Los Angeles International Airport (LAX), its third lounge in the US and first on the West Coast.
UK-based regional airline Flybe has warned it will take a £2.5 million ($3.3 million) full-year profit hit because of currency fluctuations following the UK’s decision to exit (Brexit) the European Union (EU).
Austrian Airlines’ technical subsidiaries, Innsbruck-based Tyrolean Technik and Austrian Technik Bratislava (ATB), are planning a closer cooperation with an eye on third-party markets.
Air France is bracing for a third day of industrial action among its cabin crew on July 29, although it is expecting to maintain more than 80% of flights.
Icelandair has reported a 2016 second-quarter net income of $26.2 million, up 17% from a $22.4 million profit in the year-ago period; however, the airline has downgraded its outlook because of market uncertainty triggered by Brexit and recent terrorist attacks.
