United Continental Holdings (UCH), parent of United Airlines, is reporting third-quarter earned net income of $379 million, up substantially from a $6 million net profit during 2012’s third quarter.
Alaska Air Group, parent of Alaska Airlines and Horizon Air, has reported a third-quarter net profit of $289 million, up 77.3% compared to a net income of $163 million in the year-ago quarter.
Aegean Airlines has signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) in cash, and the transfer of 100% of Olympic Air shares has been completed.
Jet Airways has reported a net loss of Rs8.91 billion ($145 million) for the quarter ended Sept. 30, widened from a net loss of Rs997 million in the year-ago period.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, is reporting a third-quarter net income of $17.1 million, up 1% compared to $16.9 million in the year-ago quarter.
China’s Shandong Airlines has reported a third-quarter net income of CNY402.89 million ($65.8 million), down 20.75% compared to CNY508.38 million in the year-ago quarter.
Airbus has selected Michigan-based Comau Aerospace to supply the aircraft main assembly and test stations for A320s that will be assembled in the new Mobile, Ala. facility that Airbus is building.
Heathrow’s Spanish owner Ferrovial is reducing its stake in the airport group—which owns Heathrow, Glasgow, Aberdeen and Southampton airports—but remains the group’s main investor.
Swiss International Air Lines has reached an agreement with its two pilot unions that will ultimately integrate the cockpit crew at the short-haul arm of Swiss European and long-haul operator Swiss International.
German-based MHS Aviation has taken a 40% stake in Swiss regional carrier SkyWork Airlines—which completed a management buyout in April and has been seeking a new investor—allowing it to continue operations.
