Qantas Group reported an underlying profit before tax of A$367 million ($288.3 million) for the six months ended Dec. 31, 2014, reversing an underlying loss before tax of A$252 million in the prior-year period.
Kansai, Japan-based low-cost carrier (LCC) Peach Aviation has expanded services to Naha, Okinawa with a 4X-weekly schedule to Hong Kong using Airbus A320 aircraft, signaling its intention to develop further services out of the southern Japanese island.
Passenger growth rates for Asia-Pacific airlines slipped more than 4% in January year-over-year, according to the Association of Asia Pacific Airlines (AAPA), showing that the strong post-financial crisis recovery has not been maintained in the region.
With Wright Amendment restrictions in the rearview mirror, Southwest Airlines has added daily flights from Dallas Love Field to eight more airports, bringing to 50 the number of destinations Southwest will serve from its base airport.
Southwest Airlines is investigating why a required inspection interval in its routine maintenance program was left out of its maintenance tracking system, causing it to miss deadlines for checking backup hydraulic systems on 128 Boeing 737s.
Buoyed by a strong fourth-quarter performance, Mexico City-based ultra-low-cost-carrier (ULCC) Volaris posted a full-year net profit of MXP605 million ($41 million) for 2014, more than doubling its 2013 net result (MXP265 million).
This table shows the current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.
What does the future hold for airline joint ventures? We predict that in the next 10 years nearly half of all global long-haul traffic will be carried by airlines participating in these partnerships. L.E.K.’s John Thomas and Brett Catlin highlight key questions for airline executives and investors looking to capture value from joint ventures in our Executive Insights.
UK-based regional carrier Flybe has leased four ATR 72-600 turboprops from Singapore lessor Avation to undertake “white label” services on behalf of Scandinavian Airlines.
Chinese carriers reported a cumulative net loss of CNY1.5 billion ($244 million) in January due to seasonal factors and overcapacity, a sharp reversal from a net profit of CNY1 billion in the year-ago month.
Winners of the 41st ATW Airline Industry Achievement Awards celebrated in Washington DC Wednesday evening at a gala dinner to note their company achievements.
American Airlines has selected Phoenix-based regional Mesa Airlines—which operates as American Eagle and US Airways Express— to operate seven new Bombardier CRJ900 NextGen aircraft for a 10-year term under the American Eagle brand.
Commercial aircraft engine manufacturer CFM International posted 4,244 orders in 2014, a 55.9% year-over (YOY) increase from 2,723 engine orders in 2013.
Russia’s UTair Airline plans to ask for state guarantees of RUB18-RUB38.4 billion ($280-$600 million) and is preparing documents to apply for state support, according to UTair CEO Andrey Martirosov.
The first private carrier to fly in the Lao People’s Democratic Republic (LPDR), Phongsavanh Airlines, has rebranded and will relaunch as Lao Central Airlines (LCA) after a two-year suspension of services.
Republic Airways Holdings, the Indianapolis-based parent of regional carriers Republic Airlines and Shuttle America, reported 2014 net income of $64.3 million, more than doubling a net profit of $26.7 million in 2013.
