Calgary-based WestJet reported third-quarter net income of C$52.2 million ($46.2 million), down 19.8% from a net profit of C$65.1 million in the 2013 September quarter, but noted that operating margin improved 1.8 points year-over-year to 12.5%.
Central and Eastern Europe-based Wizz Air CEO Jozsef Varadi is sticking firmly with his ultra low-cost, short-haul strategy and has no intention of chasing business travelers, or branching out into long-haul, low-cost operations.
Frontier Airlines will not launch two new routes next month to the Bahamas as scheduled, saying that bookings “did not meet expectations,” an airline spokesman confirmed.
Qantas has struck a setback in its attempt to impose an 18-month wage freeze on all employee groups, after its short-haul pilots rejected a new contract including this clause.
Vietnam Airlines has received the first formal submissions from foreign companies seeking to become strategic investors in the airline, Vietnamese officials said.
Hawaiian Airlines has made clear that it will not sit on the sidelines while American Airlines and Delta Air Lines battle over access to Tokyo’s close-in Haneda Airport.
Ryanair has significantly increased its full-year net profit guidance to €750-€770 million ($939- $964 million) from its earlier €650 million forecast, after posting a 32% hike in its first-half net profit.
Airberlin CEO Wolfgang Prock-Schauer announced Monday he will step down Feb. 1, 2015, as former Lufthansa executive and Fiji Airways CEO Stefan Pichler takes the helm to move the company forward with its previously announced restructuring program, the company said Monday.
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.
International Airlines Group (IAG) reported a net profit of €598 million ($749 million) for the quarter ended Sept. 30, up 3.1% from €580 million in the year-ago period.
The US National Transportation Safety Board (NTSB) investigation team probing the cause of the Oct. 31 crash of Virgin Galactic’s SpaceShipTwo spaceplane said two seconds before beginning to break-up in midair the vehicle’s two moveable tail booms unexpectedly began to deploy into a “feathering” position.
