Alitalia reported a net profit of €7 million ($9.4 million) for the third quarter ended Sept. 30, down 74% from €27 million during the year-ago period.
Irish low-cost carrier Ryanair reported a first-half profit after tax of €602 million ($812 million), up 1% from the €596 million profit reported for the same period last year.
The massive growth of Arab carriers are creating an emerging problem in the region’s air traffic management (ATM), Arab Air Carriers Organization (AACO) secretary general Abdul Teffaha told ATW in Abu Dhabi.
Hainan Airlines reported a third-quarter net profit of CNY1.54 billion ($251 million), up 28% compared to a net income of CNY1.2 billion in the year-ago quarter.
Qantas and Japan Airlines (JAL) have made a combined equity injection of ¥11 billion ($111 million)—in the form of non-voting shares—in Jetstar Japan, a joint venture between the Qantas Group, Japan Airlines, Mitsubishi Corp. and Century Tokyo Leasing Corp.
Air France-KLM has given Alitalia until Nov. 14 to agree to strict conditions that must be met before it participates in the Italian carrier’s capital increase.
Russia’s Transaero Airlines has reported a net profit of RUB736 million ($22.9 million) for the first nine months ended Sept. 30, up 20% compared to the year-ago period.
[UPDATED] A gunman fired multiple shots from an assault rifle Friday morning at Los Angeles International Airport (LAX), causing a number of injuries and killing a Transportation Security Administration (TSA) officer.
US Airways’ transition to oneworld from the Star Alliance is set to happen quickly after the carrier’s merger with American Airline is approved, a senior American executive told ATW this week.
Mitsubishi Aircraft Corp. claims to have fixed the problems that led to the most recent Mitsubishi Regional Jet (MRJ) program delay and is confident it can stick to the new schedule.
China Southern Airlines reported third-quarter net income of CNY2.16 billion ($352 million), down 2.62% compared to a net profit of CNY2.22 billion in the year-ago quarter.
Air Malta said Thursday it has ended the second year of its five-year restructuring plan with reduced losses, but cautioned that more work is needed to improve further its financial position.
Aegean Airlines, which signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) Oct. 24, presented the benefits of the transaction during a Friday press conference in Athens.
Sukhoi Civil Aircraft Co. (SCAC) has reported a net loss of RUB7.29 billion ($227 million) for the first nine months ended Sept. 30, deepened 2.8 times from a year ago.
The airline industry faces challenges from rising fuel costs and pending regulation of greenhouse gas emissions. Advanced biofuels can help the industry meet both challenges, by offering fuel at a stable price with reduced carbon emissions measured over the fuel’s production lifecycle. While there are many US federal initiatives supporting research and development of advanced biofuels, no program has been as successful as the Renewable Fuel Standard (RFS).
The US airline industry was nearing the completion of a major transformation that would allow it to become more attractive to the investment community and more stable for its employees and other stakeholders. That plan, however, may be in jeopardy now that the US Dept. of Justice has brought a suit, to be heard in court Nov. 25, to block the merger between American Airlines and US Airways.
Since taking the role of Kuala Lumpur-based AAPA DG in November 2004, Andrew Herdman has expanded the organization’s role to ensure close relationships with regulators worldwide and other industry associations so that Asia-Pacific’s international carriers are well-informed and represented in global policy issues.Herdman spoke with ATW while attending the two-week ICAO Assembly in Montreal where the landmark accord on aviation emissions was reached.
