United Parcel Service (UPS) reported first-quarter net income of $1.03 billion, up 12.6% over a net profit of $911 million in the 2014 March quarter, on a 1.4% year-over-year increase in revenue to $13.98 billion.
Indian low-cost carrier SpiceJet, which was threatened with aircraft lease cancellations and potential bankruptcy in recent months, has rebuffed an offer from JP Morgan Chase for an equity-led bailout.
Icelandair said its first-quarter results should be better than forecast at the beginning of the year, largely as a result of increased sales and better fleet utilization.
Regional carrier Air Croatia—which began operations April 2 with a single wet-leased ATR 42 from Netherlands-based Denim Air—suspended all operations from April 23 due to financial constraints.
Full-time-equivalent (FTE) employment at US scheduled passenger airlines grew 1.8% year-over-year (YOY) in February, to a total FTE count of 388,983 personnel, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Sally is a 49-year-old mother of two, lives in an upper middle-class neighborhood and holds an advanced degree. Companies have been marketing to Sally and those like her for decades, but there’s a small problem: Sally doesn’t exist. She’s a sketch of a broad demographic – a mythological mom whose likes and dislikes are an amalgamation of data culled by market researchers and, all too often, pulled out of an executive’s….intuition.
The European Low Fares Airline Association (ELFAA) has accepted International Airlines Group (IAG) carriers British Airways, Iberia and Iberia Express as members, effective immediately.
Etihad Airways will continue to expand its cross-Atlantic routes between North America, the Middle East and the sub-Indian continent, but has no plans to fly between Europe and the US a senior executive said Monday.
Spanish carrier Air Europa has launched scheduled flights between Madrid and Miami with its first Boeing 787 as it prepares to take 22 of the new twinjets.
Low-cost carrier Norwegian is seeking a UK air operator’s certificate (AOC) as it continues to expand its route network. It is also reportedly seeking a Spanish AOC.
Eastern European Wizz Air Holdings announced Wizz Air Ukraine has ceased operations as part of the company’s ongoing restructuring plan and instability in the region.
Oneworld member airberlin has announced several management changes in the first phase of the German carrier’s turnaround program, and paving the way to be a more international multi-hub carrier.
Russia’s Irkut Corp. has reported a 2014 net income of RUB72.27 million ($1.88 million at the 38.4 $/RUB rate), down 16 times from RUB1.17 billion in the year-ago period.
China Eastern Airlines is expected to collect CNY15 billion ($2.5 billion) by circulating non-public (private) shares to expand its fleet and pay off loans.
Filipino national carrier Philippine Airlines (PAL) hopes to start a direct schedule to Auckland, New Zealand by year end, according to PAL president Jamie Bautista, who said the carrier is evaluating the service.
U.S. Airports Average Domestic Air Fare, ranked by year-over-year percent change. Source: US Department of Transportation, Bureau of Transportation Statistics; ATW Research From BTS: BTS reports average fares based on domestic itinerary fares. Itinerary fares consist of round-trip fares, unless the customer does not purchase a return trip. In that case, the one-way fare is included. Constant 2014 dollars are used for inflation adjustment.
U.S. Airports Average Domestic Air Fare, ranked by year-over-year percent change. Source: US Department of Transportation, Bureau of Transportation Statistics; ATW Research From BTS: BTS reports average fares based on domestic itinerary fares. Itinerary fares consist of round-trip fares, unless the customer does not purchase a return trip. In that case, the one-way fare is included. Constant 2014 dollars are used for inflation adjustment.
As the author of an academic research paper that was quoted a number of times in a US airline-commissioned 55-page white paper entitled “Restoring open skies: the need to address subsidized competition from state-owned airlines in Qatar and the UAE”, I would like to address a number of issues pertaining to the report.
A Turkish Airlines Airbus A320 slid off the runway Saturday after the pilots declared an emergency and landed at Istanbul Ataturk Airport. All passengers and crew evacuated safely.
