Greece’s Aegean Airlines Group reported a net profit of €80.9 million ($94 million) for the first nine months of 2018, up 13% from a €71.7 million net profit in the year-ago period.
LATAM Airlines Group, buffeted by rising fuel costs and weak currencies, saw its net income decline by 67% to $52.9 million for the 2018 third quarter (3Q), compared with the same period last year.
Infrastructure improvements, tax and fee cuts, and regulation reform in Colombia would increase the airline industry’s economic benefits to the country, IATA officials said at the Aviation Day conference in Bogota Nov. 27.
Newly integrated with Rockwell Collins, United Technologies announced late Nov. 26 it will spin off non-aerospace business units Carrier and Otis and become a pure-play, potentially $50 billion Tier 1 aerospace parts, engines and services provider.
Major uncertainty continues across the European air transport industry about the impact of the UK’s pending split from the European Union (EU), and clauses on aviation within a new Brexit political declaration provide little reassurance.
All Nippon Airways (ANA) has revealed new details of its plans for its initial Airbus A380s, which will replace other aircraft types on existing Honolulu routes in stages from May 2019.
Southwest Airlines, looking to solidify and potentially improve upon a projected 3% unit-revenue increase in 2019 amid costs rising at the same rate, has increased fares in most U.S. domestic markets by $2-$5.
TAP Air Portugal CEO Antonoaldo Neves still sees strong benefits from an alliance membership even though many airlines are choosing to establish joint ventures (JVs).
Slovenia-based Adria Airways signed a letter of intent (LOI) with Russia’s Sukhoi Civil Aircraft Company (SCAC) to lease 15 Sukhoi Superjet 100 (SSJ100) regional aircraft Nov. 26, bringing the aircraft to a second European operator.
Industry officials expect U.S. and UK negotiators to reach a new open skies agreement in the next round of negotiations taking place Nov. 28 in Washington D.C., but ownership and control regulations remain a concern.
Singapore Airlines Group is performing a network reshuffle among its subsidiary airlines, which will see LCC Scoot take over 17 routes from SilkAir, which is in turn being merged into Singapore Airlines (SIA).
China has approved United Technologies Corp.’s acquisition of Rockwell Collins, completing all regulatory reviews necessary to complete the proposed $30 billion deal.
Ireland-based lessor SMBC Aviation Capital has posted a $168 million pre-tax profit for its fiscal 2018 first-half, up 7.5% on the prior year, and is preparing for a $1 billion capital boost over the coming weeks.
Boeing continues to provide airlines more details on the MAX family’s stall-protection systems and carriers are sharing the information with their pilots, reiterating that even if elements of the systems are new, troubleshooting procedures have not changed.
A political declaration issued by the UK and European Union (EU) Nov. 25—an agreement setting conditions for how they will work after the Brexit separation—calls for an air transport agreement to ensure continued connectivity for airlines within the European trade bloc.
While data from the U.S. Department of Transportation (DOT) shows improvement in airline customer service over the past decade, passenger complaints to the department have increased over 10% during the same period, according to a recent report from the U.S. Government Accountability Office (GAO).
Airbus Commercial Aircraft president Guillaume Faury says Airbus will give the market more concrete guidance on the proposed A321XLR in 2019, an aircraft Faury asserts can “change the industry.”
Air France is planning to reduce its 10-strong Airbus A380 fleet, returning at least two of the five leased superjumbos it operates, an industry source told Aviation Daily, confirming a Nov. 23 report by French newspaper Les Echos.
