Singapore Airlines’ (SIA) lower fuel costs helped offset weak yields as well as losses from affiliates and hedging in the fiscal first quarter, which ended June 30.
ANA Holdings reported a net profit of ¥8.3 billion ($67 million) for its fiscal first quarter, more than doubled from ¥3.4 billion in the year-ago period.
Lufthansa’s pilot union Vereinigung Cockpit (VC) has offered new concessions to end the ongoing dispute, which has resulted in 12 strikes over the past 15 months.
This table shows the current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.
Russian Prime Minister Dmitry Medvedev has signed a government resolution giving Sukhoi Civil Aircraft Co. (SCAC) a RUB250 million ($4.2 million) subsidy to promote the Sukhoi Superjet 100 (SSJ100) this year.
Aeroflot subsidiary Aurora Airline operated its first Boeing 737-500 technical flight to the Kuril Iturup Island airport in Russia’s Far East to test the new runway with a narrowbody medium-haul aircraft.
Republic Airways says the ongoing labor dispute with its pilots is in large part why the airline is cutting part of its planned schedule for later this year and the first half of 2016.
United Parcel Service (UPS) reported second-quarter net income of $1.23 billion, well more than doubling a net profit of $454 million in the 2014 June quarter, even as revenue dropped 1.2% year-over-year to $14.1 billion.
EgyptAir has issued a request for proposal (RFP) for eight to 10 narrowbody aircraft to be delivered by the end of next year, EgyptAir chairman and CEO Sameh El-Hefny told ATW in São Paulo.
Russia’s Transaero Airlines has taken delivery of the first of six Airbus A321s on lease from China’s ICBC Leasing as part of its fleet renewal and business efficiency enhancement programs.
Calgary-based WestJet earned net income of C$61.6 million ($49.8 million) in the second quarter, up 18.9% from a net profit of C$51.8 million in the 2014 June quarter, marking its 41st consecutive quarter in the black.
Mexican ultra-low-cost carrier (ULCC) Volaris reported second-quarter net income of $23 million, reversed from a $5.7 million net loss in the year-ago period.
Lufthansa subsidiary Austrian Airlines was forced to cancel 70 short- and medium-haul flights from last week until Monday due to a pilot shortage, mainly due to illness during the summer high season.
The European Commission is taking France to the European Court of Justice for failing to recover €10 million ($11 million) in state aid from budget carriers Ryanair and Transavia.
UK-headquartered aerostructures supplier GKN Aerospace has struck a deal to acquire aircraft systems, components and maintenance firm Fokker Technologies Group from Arle Capital for €706 million ($780 million).
