The Emirates Group reported a net profit of AED3.1 billion ($844.2 million) for its full 2012-2013 fiscal year ended March 31, up 34.3% over net income of AED2.3 billion in the prior year, on a 17.2% rise in revenue to AED77.5 billion.
Swiss International Air Lines said six members of its extended management board have agreed to take a 5% pay cut from July 1 until the end of 2015 in the face of continued financial difficulties.
Virgin America incurred a net loss of $145.4 million for the full year 2012, widened from a net deficit of $100.4 million in 2011, and followed those results up with a $46.4 million net loss in the 2013 first quarter.
Airbus, Air Canada and BioFuelNet Canada have formed a partnership to assess Canadian solutions for the production of sustainable jet fuels with a long-term goal of supplying Air Canada.
US Transportation Secretary Ray LaHood said Friday that DOT’s legislation introduced at the end of April will prevent further air traffic controller furloughs and keep open low activity towers that were slated for closure under congressional budget cuts.
International Airlines Group (IAG), parent company of Iberia and British Airways, reported a sharp deterioration in its first-quarter results compared to the previous year, taking into account exceptional items.
The European Parliament’s Committee on Transport and Tourism has given the green light to conclude an agreement giving enhanced cooperation between the European Union (EU) and Eurocontrol.
The European Transport Workers’ Federation (ETF) is planning a European Action Day June 12 to demand “the establishment of a fair, cooperative and social Single European Sky (SES),” it said.
Jazz parent Chorus Aviation reported first-quarter net income of C$9.2 million ($9.037 million), down 64.9% from a $26.2 million profit in the year-ago period.
Air Lease Corp. (ALC) has reported a 48% increase in pretax income for the 2013 first quarter and said Asia-Pacific carriers now represent almost 40% of its fleet.
Brazil’s GOL has expanded its codeshare on Delta Air Line flights between Brasília and Atlanta, Ga., which is considered a key milestone in the partnership.
Norwegian start-up Flynonstop has launched operations, deploying a new Embraer E-190 leased from CIT Aerospace on seven routes from Kristiansand on Norway’s southern coast.
All Nippon Airways (ANA), launch customer for the Boeing 787, said it will resume Dreamliner services from June 1, following the completion of a series of battery system modifications, safety checks and test flights.