Southwest Airlines reported first-quarter net income of $59 million, down 39.8% from a net profit of $98 million in the year-ago period, but more than tripled operating income year-over-year.
United Continental Holdings, parent of United Airlines, has posted a first-quarter net loss of $417 million, including $92 million of special charges, compared with a 2012 first-quarter net loss of $448 million.
LOT Polish Airlines is to take a Boeing 777 on wet lease from Portuguese operator EuroAtlantic while it awaits the return to service of its 787s, which it expects to happen in June.
New York-based JetBlue has posted a 2013 first-quarter net income of $14 million, less than half of the $30 million profit recorded for the same period a year ago.
FAA has proposed a $4 million civil penalty against United Parcel Service (UPS) for allegedly failing to follow FAA-approved procedures for making structural repairs to two DC-8 freighter aircraft and two MD-11Fs.
Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air, earned first-quarter net income of $37 million, down 11% from $41 million in the year-ago period.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $31.9 million, up 47.1% compared to $21.7 million in the year-ago period.
Boeing chairman, president and CEO Jim McNerney said the manufacturer anticipates launching the 787-10 program “sooner rather than later” and could also launch the 777X by the end of this year.
Etihad and Jet Airways have signed a long-awaited agreement that will see Etihad taking a strategic shareholding in the Indian carrier, as well as pumping in additional investment.
The merged American Airlines (AA) and US Airways will create an airline with the best domestic feed of the US’s three mega-carriers and will make oneworld the strongest of the global alliances, US Airways president Scott Kirby said Wednesday.
Boeing has started 787 battery system modifications on 10 in-service fleet aircraft and believes modifications will be completed on nearly all 50 in-service fleet aircraft by mid-May.
The head of IATA has called for a US aviation agenda that would recognize that America’s airline industry is deregulated and should be treated as such.
African low-cost carrier Fastjet, tired of waiting on its planned acquisition 1time, is instead planning to launch services in South Africa May 31 in cooperation with South African investment company Blockbuster.
Gulf Air posted what it described as a “solid” fiscal and operational first-quarter performance, as it embarked on a major restructuring plan to cut heavy losses.
Airbus and IBM are working together on an initiative called Airbus Smarter Fleet Solutions (ASFS) to integrate and further develop Airbus’ portfolio of software products and provide tailored fleet data management using an open, modular and flexible platform.
