The US Department of Transportation (DOT) is seeking information from five US airlines to see whether or not they engaged in price-gouging after a major rail accident in Philadelphia earlier this year.
Spirit Airlines posted second-quarter net income of $76.7 million, up 18.3% over a net profit of $64.8 million in the 2014 June quarter, and said it will make no changes to its business strategy despite “very aggressive” moves by mainline US airlines to match its low fares.
TAP Portugal is studying the Airbus A321neo for use on secondary transatlantic routes to Africa and Eastern Europe, which would offer net growth and open up several markets, TAP CEO Fernando Pinto said.
Airlines in the Ukraine carried 2.73 million passengers in the first half, down 8.5% year-over-year, according to the State Aviation Administration of Ukraine.
AirAsia plans to restart services to Japan in 2016 after its revamped low-cost carrier (LCC) subsidiary AirAsia Japan returns to the market following the 2013 collapse of a joint venture with All Nippon Airways (ANA).
American Airlines Group reported second-quarter net income of $1.7 billion, nearly doubling a net profit of $864 million in the 2014 June quarter, marking the best quarterly result in American’s history just over 18 months removed from emerging from Chapter 11 bankruptcy protection.
The Indonesian Ministry of Transport has confirmed it has applied restrictions to Thai operators flying into the country following safety concerns by ICAO and FAA.
TAP Portugal and Azul Brazilian Airlines will become sister companies, creating a wide range of potential synergies between the two carriers, TAP CEO Fernando Pinto said.
Alaska Air Group, parent of Alaska Airlines and Horizon Air, posted second-quarter GAAP net income of $234 million, up 41.8% year-over-year (YOY) from net income of $165 million in the 2014 June quarter.
UK-based regional carrier Flybe has reported revenue of £152.7 million ($236.9 million) in its 2015-16 first quarter, up 9.8% compared to revenue of £139.1 million in the year-ago period.
Qantas will be able to launch more full-service flights in its domestic network later this year due to increased fleet efficiency and the addition of more Boeing 717s.
United Airlines reported record second-quarter net income of $1.2 billion, up 51.2% from the same period last year, as the company continues to reap the synergies from the merger with Continental.
Quarterly financial results from 75 air carriers worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the first quarter of 2015, generally defined as January 1, 2015 through March 31, 2015.
Southwest Airlines earned a net profit of $608 million in the second quarter, up 30.8% over net income of $465 million in the 2014 June quarter, as the company surged to a 28.2% pre-tax return on invested capital (ROIC) for the 12 months ended June 30.
