China Eastern Airlines reported a first-half net profit of CNY14 million ($2.3 million), down 98% from net income of CNY624 million in the year-ago period.
Russia’s Transaero Airlines has reported first-half net income of RUB750 million ($20.1 million), up 61% compared to net income of RUB464 million in the year-ago period.
Philippine low-cost carrier Cebu Pacific Air has been granted entitlements to operate five additional international routes by the country’s Civil Aeronautics Board (CAB).
African low-cost airline Fastjet has introduced two new services—“SmartClass” and “Freighty” packages—to tailor services with market demand, following a growing trend among Europe’s low-cost operators.
For the first-half of 2014, average full-time-equivalent (FTE) employment among US scheduled passenger airlines was 383,800, up 0.8% from 1H 2013, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Greece-based Aegean Airlines reported an after tax profit of €15.9 million ($21 million) for the half year ended June 30, down marginally from the €16.5 million reported for the same period the previous year.
The Lufthansa Group has resumed flight operations to Erbil in Northern Iraq, based on the most recent assessments of the security situation in Iraq, it said.
Malaysia Airlines has reported a second-quarter net loss of MYR305.7 million ($95.1 million), widened from the carrier’s net loss of MYR175.2 million in the year-ago quarter.
Virgin Australia is selling a minority share of its frequent flyer business to a prominent Asia-Pacific investment group in a move that will yield A$336 million ($314.1 million) for the airline.
Royal Jordanian has taken its first Boeing 787 on strength, in a move the flag carrier hopes will give it a competitive edge in its fight against a worsening external geopolitical situation and increasing competition from rivals.
European Union (EU) flag carriers could add nonstop flights from hubs into smaller interior US cities such as Memphis, Nashville and New Orleans within the next three to eight years, analyst Mike Boyd said this week at the Boyd International Aviation Forecast Summit in Las Vegas.
Hawaiian Airlines’ recent switch from an order for six Airbus A350-800s to six A330-800neos represents a “tradeoff” with plusses and minuses for the carrier, according to a senior company executive.
