Aer Lingus has moved one step forward in settling its interminable dispute with current and former employees over pension entitlements, but more obstacles have now arisen on the road to a final settlement.
Ranked by involuntary denied-boardings per 10,000 passengers, lowest to highest. Source: US DOT Aviation Consumer Protection Division, Air Travel Consumer Report and ATW Research.
British Airways and Iberia parent International Airlines Group (IAG) has outlined plans to achieve a 10%-14% operating profit margin over the period 2016-20.
A Jazz Aviation Bombardier Q400 had what is being referred to as a “landing incident” at Edmonton International Airport late Nov. 6, leading to four passengers being taken to a hospital.
With Monarch Airlines’ late-October booking for 30 Boeing 737 MAX 8s, Boeing added to its lead over rival manufacturer Airbus in the year-to-date commercial aircraft order race; as of Oct. 31, Boeing has 1,127 gross orders on its books, compared to Airbus’ 1,070.
Singapore Airlines Group reported a net profit of SGD126 million ($97.5 million) for the half year ended Sept. 30, down 55.5% from the SGD282.4 million reported for the same period in the previous financial year.
Hong Kong-based lessor China Aircraft Leasing Co. (CALC) has signed a memorandum of understanding (MOU) covering 74 Airbus A320neos, 16 A320ceos and 10 A321ceos.
China lessor Cheung Kong Holdings has announced it will pay a $2.02 billion in four transactions for 60 aircraft in an effort to enter the rapidly growing Asian aircraft leasing market.
Air Canada president and CEO Calin Rovinescu said the airline achieved the “best performance of any quarter” in its 77-year history in the third quarter, posting net income of C$323 million ($283 million), adjusted net income of C$457 million and an operating profit of C$526 million.
Embraer reported a third-quarter net loss of $10.7 million, reversed from a net profit of $52.9 million in the prior-year period, blaming taxes for the deficit.
The UK Supreme Court has rejected applications by both Jet2.com and Thomson Airlines to appeal rulings by the Court of Appeal in June relating to airlines’ liability to pay compensation after travel delays.
Etihad Airways has recruited 40 fully qualified pilots from Alitalia as part of a large-scale global campaign to hire between 500 to 600 captains and first officers over the next three years to keep pace with the rapid expansion of its fleet and global network.
The number of people expected to travel on US airlines between Nov. 21 and Dec. 2—the Thanksgiving Holiday and busiest US travel period—is expected to increase slightly this year over the previous year, with indications that traffic will remain strong into the 2015 first quarter.
South Korea’s Asiana Airlines saw its net profit dip significantly in the third quarter despite strong international demand, with an unfavorable exchange rate partly to blame for the decline.
Air Serbia said it is on track to reach profitability by the end of the year, as it continues to make substantial improvements in its financial results in the third quarter.
Rapidly expanding Eastern European budget carrier Wizz Air has detailed plans to open its 19th base at Tuzla in Bosnia and Herzegovina, where it will open four new routes.
Irish flag-carrier Aer Lingus is continuing to capitalize on its increasingly profitable transatlantic services by announcing a ninth US destination, as well as increasing capacity on existing routes.
