Rapid air traffic growth in Indonesia is leading to infrastructure constraints and congestion that pose a bigger threat than low-cost carrier (LCC) competition, the head of Garuda Indonesia said Friday.
Asia-Pacific airlines are being held back on global aviation policy making because they do not have the advantage of speaking with a single voice the way European Union countries and the US do, airline CEOs were told Friday.
A “patchwork quilt” of passenger rights regulations enacted by governments worldwide are adding “cost and complexity” to airline operations and getting “in the way” of good customer service, IATA DG and CEO Tony Tyler said.
Airbus predicted that by 2032 Latin American airlines will require 2,307 new aircraft, including 1,794 single-aisle, 475 twin-aisle and 38 very large aircraft worth an estimated $292 billion.
Kenya Airways has reported a profit after tax of KES384 million ($4.4 million) for the half year ended Sept. 30, marking a significant turnaround from the KES4.8 billion loss reported during the same period last year.
Jazz Air parent Chorus Aviation reported a third-quarter net income of C$36 million ($34.9 million), down 2.5% from C$36.9 million net profit in the year-ago period.
Rostekhnologii (Rostec) subsidiary TVK Russia has announced an investment contest for airport development at Ramenskoye Airfield to create a new airport for low-cost carriers (LCCs).
Hungary-based low-cost carrier Wizz Air has signed a sale and leaseback agreement with Chinese CDB Leasing Co. to finance six Airbus A320. Deliveries are planned in 2014 and 2015.
Footnotes: * International only. 1. January - June. 2. January - May. 3. Includes Regional operations. 4. Combined American Eagle, Executive Airlines and American Connection. 5. Combined traffic for SkyWest Airlines and ExpressJet Airlines. 6. YTD 02013 from 4/26/13
Boeing union workers in Washington state have voted to reject a proposed labor contract extension, casting doubt on whether the 777X will be built at Boeing Commercial Airplanes’ facilities in the Seattle area.
Finnair has downgraded its financial guidance for the year in the face of potential strike action that could start as early as Friday and last until Nov. 23.
Asia-Pacific airlines—global industry leaders in terms of profitability in recent years—are cautious about 2014 as yields and profits this year have failed to reach anticipated levels, the head of the region’s airline association said Thursday.
The Alitalia board of directors has approved a revised strategic plan aimed at improving asset management efficiency and making the airline more competitive by slashing costs.
Airbus parent EADS has reported net income of €1.2 billion ($1.61 billion) for the nine months to Sept. 30, up 36% from €880 million in the year-ago period.
Boeing predicts the Middle East will need 2,610 new commercial aircraft, valued at $550 billion, over the next 20 years, according to a recent update of the company’s Current Market Outlook.
Airberlin reported third-quarter earnings before interest and tax (EBIT) of €115.6 million ($154.5 million) up 14% from €101.2 million in the year-ago period.
Brazilian low-cost carrier GOL posted a third-quarter net loss of BRL197 million ($87.3 million), narrowed from a net loss of BRL309.4 million in the year-ago quarter, and an improvement on the carrier’s net loss of BRL433 million in this year’s second quarter.
