EasyJet is continuing its expansion out of Berlin, which has become a focus city for the UK LCC, and is part of its strategy to hold dominant market shares in the large European cities where it has bases.
Aeromexico’s capacity adjustments to offset weakness in its home market appear to be paying off, as the carrier boosted domestic RPKs and load factor in April, even as it continued to trim capacity.
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Chorus Aviation boosted year-over-year (YOY) first-quarter adjusted earnings 43% and operating revenue 9% on the strength of its growing aircraft leasing business.
Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in the 2017 March quarter, a turnaround that encouraged the Purchase, New York-based company to upwardly revise its full-year 2018 revenue outlook to over $2.5 billion.
József Váradi, the CEO of Central and Eastern European LCC Wizz Air, said that newly launched Wizz Air UK could be used as a vehicle to acquire assets from other airlines.
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year (YOY)—driven by a generally strong global economic backdrop, according to IATA’s latest Air Passenger Market Analysis.
Air France said it expected to operate 80% of its flights on May 8, the 15th in a series of day-long strikes over pay that have rocked the carrier and led to the resignation of Air France-KLM group CEO Jean-Marc Janaillac after employees voted against his pay proposal plan.
Leaders of specialty products provider Esterline Technologies, which provides components for a number of commercial aircraft programs, have indicated they do not see other immediate troubled assets that should be sold off as the company recently did with the Kirkhill elastomers unit to TransDigm Group.
As Airbus and Zodiac Aerospace refine the design of the lower-deck cabin module they plan to offer on the A330, potential airline customers still have to find a way to use the extra space and, eventually, a business case needs to be made.
South Korea’s Asiana Airlines slipped to a net loss of KRW5.4 billion ($5 million) in the first quarter, although it also recorded its highest operating profit in three years during this period.
The U.S. National Transportation Safety Board (NTSB) has made public evidence from its ongoing investigation of a July 7, 2017 incident at San Francisco International Airport in which an Air Canada Airbus A320 that was cleared to land mistakenly lined up on a parallel taxiway, then barely avoided a disaster.
International Airlines Group (IAG) CEO Willie Walsh sharply criticized the performance of some of the airline group’s key suppliers, including Airbus and Rolls-Royce, over delays in aircraft programs and reliability issues that have severely impacted IAG’s fleet and capacity planning.
Air France-KLM CEO Jean-Marc Janaillac said he will submit his resignation on May 9 after a majority of Air France employees rejected a pay proposal in a staff-wide consultation that had been his high-stakes bid to extract the airline from a costly labor-relations crisis.
Air France-KLM warned its 2018 operating profit would be “notably below” 2017’s operating profit because of the financial impact of ongoing Air France strikes, currency fluctuations and a fuel bill expected to be €350 million ($419 million) higher than last year’s.
UK-based flybmi (formerly known as bmi regional) is looking to expand its fleet beyond its 20 Embraer 135/145 regional jets with Bombardier CRJ900s or E190s, which offer more capacity as the carrier prepares for post-Brexit operations.
Vietnamese LCC Vietjet almost quadrupled its net profit for the three months ended March 31, and the carrier is comfortably ahead of its financial targets for the year to date.
The board of Norwegian Air Shuttle (NAS) said it has rejected two offers for a full takeover by International Airlines Group (IAG) in the weeks since IAG made its initial small investment in Norwegian public on April 12.
