Japan Airlines (JAL) Group achieved a net profit of ¥32.6 billion ($262.1 million) for its fiscal first quarter, more than doubled from a net income of ¥14.7 billion for the previous year.
Avianca Holdings CEO Fabio Villegas said he will resign his position in January 2016, stating a desire to pursue “other professional projects and initiatives.”
Bombardier earned second-quarter net income of $125 million, down 19.4% from a net profit of $155 million in the prior-year period, on a 5.5% year-over-year drop in revenue to $4.62 billion.
The sale of most of GE’s financing business as part of a reorganization effort will not adversely affect its aircraft-leasing arm, GE Capital Aviation Services (GECAS), as some have speculated.
Air cargo appears to be on the uptick again after several listless years, but the global industry now emerging is far different from the thriving, pre-2008 financial crisis airfreight business.
Kuwait-based Jazeera Airways turned in a group net profit of KD6.2 million ($20.5 million) for the first half of 2015, up 27.1% from KD4.9 million last time.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported second-quarter net income of $54.3 million, up 62.8% from a $33.3 million profit in the year-ago period.
Indonesian flag carrier Garuda Indonesia reported a first-half net profit of $29.3 million, reversed from a $201.3 million loss in the year-ago period.
Embraer reported second-quarter net income of $131.1 million, down 10.6% from a net profit of $146.7 million in the 2014 June quarter, on a 14.2% year-over-year drop in revenue to $1.51 billion.
Malaysia's deputy transport minister said July 30 it was "almost certain" that the debris found washed up on Reunion island in the southern Indian Ocean was from a Boeing 777 aircraft.
The Australian government has issued a statement on the discovery of debris on Reunion Island in the Indian Ocean July 29 and which is being examined to determine whether it comes from missing Malaysia Airlines MH370, a Boeing 777-200.
A large piece of debris that appears to look like an aircraft wing flap has washed up on an island in the Indian Ocean, raising speculation that it may have come from Malaysia Airlines Boeing 777-200 flight MH370 that has been missing since March 2014.
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.