Ryanair posted a flat net profit of €1.15 billion ($1.28 billion) for the first half of its 2020 fiscal year and lowered its 2021 growth outlook because of the delayed deliveries of its Boeing 737 MAX aircraft.
Japan Airlines (JAL) reported a net profit of ¥51.2 billion ($472.2 million) for the six months through Sept. 30, down about 30% from the profit of ¥73.4 billion in the same period a year earlier.
Chinese LCC Spring Airlines reported a net income of CNY1.72 billion ($238 million) for the first nine months of the year, up 21.7% compared to the year-ago period.
French aerospace firm Safran reported an unexpected dip in CFM56-7B shop visits in the 2019 third quarter, citing airlines pushing their Boeing 737 Next Generation aircraft as long as possible before required maintenance to help offset not having 737 MAXs.
International Airlines Group (IAG) Spanish airline subsidiary Iberia plans to buy Air Europa from its current owner Globalia in a €1 billion ($1.12 billion) deal that is set to transform its Madrid base into a “true rival” to Europe’s biggest hub airports.
Utah-based SkyWest Airlines grew its third-quarter net income by 10%, as the US regional carrier continued to benefit from its ongoing fleet initiatives and a more efficient footprint following the sale of ExpressJet Airlines in January.
Swiss International Air Lines (SWISS) and Swiss Federal Railways will expand their Flugzug (Airtrain) service to connect more rail stations with Zurich Airport.
China’s Hainan Airlines Group posted net income of CNY108.4 million ($15.4 million) in the third quarter, down 40% from 3Q 2018, as costs outpaced operating revenue but were offset by other income.
South African Airways (SAA) has taken delivery of the first of four new Airbus A350-900s, which is expected to improve both its customer offering and commercial prospects.
The US Senate has passed a transportation funding bill for fiscal year 2020, although doubts remain about whether Congress can complete the appropriations process before a Nov. 21 deadline to fund the federal government.
In the face of stiff competition from LCCs in Vienna, Austrian Airlines will undertake an aggressive cost-cutting effort in 2020 and eliminate hundreds of jobs.
International Airlines Group (IAG) has been forced to reconsider its network plans, potentially through to early 2021, because of delivery delays impacting the Airbus A321neo.
Atlas Air’s net income fell 18% in the third quarter, as global trade tensions and an ongoing dispute over a new pilot contract continued to weigh on the cargo carrier’s bottom line.
Marking the largest move yet in the overhaul of the aerostructures sector, provider Spirit AeroSystems will buy Bombardier’s aerostructures businesses in Northern Ireland and Morocco.
Trans States Holdings has canceled an order for up to 100 Mitsubishi SpaceJet aircraft, in the latest setback facing the Japanese manufacturer’s long-delayed regional jet program.
The FAA had firsthand knowledge of critical changes to the Boeing 737 MAX maneuvering characteristics augmentation system (MCAS) during the aircraft’s development, but Boeing’s lack of proper paperwork documenting the updates kept agency experts who may have given the system more scrutiny out of the loop.
Qatar Airways will postpone the retirement of its current Boeing 777s to compensate for delivery delays of the new 777X variant, group CEO Akbar Al Baker said.
International Airlines Group (IAG) has expressed interest in some London Gatwick Airport slots previously operated by defunct UK leisure carrier Thomas Cook.
