Rolls-Royce Holdings reported underlying profit before tax of £439 million ($684.3 million) for the first half, down 32% year-over-year, on underlying revenues of £6.3 billion, down 3%.
Singapore-based long-haul, low-cost carrier (LCC) Scoot is looking at potential destinations in Europe and the Middle East as part of future network expansion plans, according to CEO Campbell Wilson.
Icelandair Group has reported a second-quarter EBITDA of $50.3 million, up 11.3% from $45.2 million in the year-ago period, due to profitable organic growth and lower fuel prices.
Tunisia-based Syphax Airlines has temporarily suspended all flights to and from Tunisia as of July 30, following the “sudden and surprising decision” by IATA to suspend it from the IATA Billing and Settlement Plan (BSP), the carrier said in a statement.
AirAsia has raised the stakes in its dispute with the operator of Kuala Lumpur International Airport (KLIA), demanding compensation from the airport over the condition of the apron around the terminal used by the carrier.
Malaysia’s transport minister told media Sunday that a piece of debris found on Reunion Island last week is from a Boeing 777. The statement raises confidence that this may be the first piece of wreckage to be recovered from flight MH370 which vanished last year.
A second piece of wreckage, possibly an aircraft door, has been found on Reunion Island in the southern Indian Ocean, the BBC reported Sunday, Aug. 2. The discovery follows that of a large piece of debris found last week on the island and which is believed to be a wing flap from a large airliner.
International passenger traffic grew globally 6.2% year-over-year (YOY) in May, increasing from April’s 3.8% YOY improvement and due largely to accelerating traffic within the European market, according to IATA’s May Premium Traffic Monitor.
Nairobi-based Kenya Airways reported a net loss of KSh25.74 billion ($274 million) for the 2014-15 financial year ended March 31, deepened from a KSh3.38 billion net loss in the year-ago period.
US airlines have finally become proper businesses and consumers and regulators should get used to that and recognize it brings benefits, the CEO of United Airlines says.
International Airlines Group (IAG), parent of British Airways, Iberia and Vueling, plans to convert up to five Airbus A330-200 and eight A350-900 options into orders for Iberia as well as open new long-haul routes.
International Airlines Group (IAG), parent of British Airways, Iberia and Vueling, reported a net profit of €358 million ($397 million) for the second quarter ended June 30, up 27.9% on the same period last year.
China’s Xiamen Airlines has launched international long-haul services to Amsterdam from Xiamen and plans to open new services to Sydney at the end of the year as it picks up its international expansion pace.
An unnamed bidder has put in a rival offer for 100% of Avolon, forcing China’s Bohai Leasing to increase its bid and seek 100% of the lessor instead of the 20% stake it originally planned to acquire.
Fire has once again disrupted operations at Rome Fiumicino Airport, triggering a backlash from Alitalia, which is demanding at least €80 million ($87.6 million) in compensation for recent upheavals.
