Airlines are still struggling with the changes in what they sell to customers and how, industry specialists said this week at a conference in Las Vegas.
The Lufthansa Group must continue with “financial stability and sound profitability” to ensure the group’s sustainability, Group CEO Carsten Spohr said during a supervisory board meeting in Hamburg.
First-quarter losses by Russian airlines have increased RUB1 billion ($19.4 million), according to the Russian Association of Air Transport Operators (AEVT), which estimated 2014 full-year losses to be RUB30 billion due to currency rates and passenger traffic decreases.
China Southern and China Eastern airlines have reported a significant first-quarter turnaround due to the continuous growth of market demand and lower fuel prices.
UK air navigation services provider NATS has won a contract to help the Civil Aviation Authority of Singapore (CAAS) advance its air navigation services capabilities in partnership with a credible air navigation services provider.
The government of Russia’s Krasnoyarsk region has published a tender for investors to acquire a 51% share of ERA Group, operating as Krasnoyarsk Yemelyanovo International Airport.
Kuwait’s Jazeera Airways will build its own dedicated terminal at the Persian Gulf nation’s international airport, to improve the passenger experience.
Airbus and Singapore Airlines (SIA) have begun building a 9,250 sq m training center at Seletar Aerospace Park to house eight full-flight simulators, comprising four A350s, two A320s, one A380 and one A330.
India’s newest low-cost carrier (LCC) AirAsia India will set up a second regional hub in Delhi from May 21, extending its reach from its Bangalore home base and its MRO center in Chennai.
Another Indonesian carrier—state-owned regional Merpati—is set to be erased from the record books following one of the worst years ever for the country's airline sector.
Lockheed Martin’s En Route Automation Modernization (ERAM) system has now replaced the En Route Host computer system that manages traffic in US airspace at all 20 of FAA’s en route air traffic control (ATC) centers, FAA said.
Air France-KLM has recorded another heavy deficit for the first quarter, with a restated net loss of €504 million ($547 million), compared to a figure of €485 million a year ago.
Virgin America reported first-quarter net income of $12.8 million, including $2.3 million in special charges for mark-to-market fuel hedge adjustments.
International Airlines Group (IAG)—parent company of British Airways, Iberia and Vueling—has reported a first-quarter net loss of €26 million ($29.1 million), narrowed from a €184 million loss for the year-ago period.
Japan’s two major airlines expect to remain strongly profitable as they enter a new fiscal year, although while All Nippon Airways (ANA) predicts a gain for the period, Japan Airlines (JAL) is forecasting a slight drop in net income.
Russia’s Interstate Aviation Committee (IAC) has completed the investigation of the Tatarstan Airlines Boeing 737-500 crash landing at Kazan Airport on Nov. 17, 2013, which killed 44 passengers and six crew members.
