Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a second-quarter net profit of $31.5 million, reversed from a net loss of $14.7 million in the year-ago period.
Singapore Airlines (SIA) is to give up seven of its outstanding Airbus A350-900 production slots, following a request from Airbus to cut the carrier's order book from the 70-strong order firmed up in 2013 to 63 aircraft.
The US majors will not give up on their campaign against the Gulf carriers, which present the biggest-ever threat to the future of US airlines, the CEO of United Airlines said in a speech in New York Thursday.
Russia’s United Aircraft Corp. (UAC) has named Minister of Industry and Trade Denis Manturov to its board of directors, succeeding Vnesheconombank (VEB) chairman Vladimir Dmitriev.
New York JFK International Airport may also get an overhaul, Gov. Andrew Cuomo announced simultaneously with plans to transform LaGuardia Airport on July 27.
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.