SpeedNews

WIZZ AIR agreed to sell six GTF-powered A321neos to BOC Aviation for leaseback for delivery in 2020-2021.
Air Transport

AIRBALTIC secured agreement for €250m cash injection from the Latvian Govt, increasing its ownership from 80.05% to 91%.
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SKYWEST had $30m net income in 1Q20 (vs $88.2m in 1Q19) on 1% higher revenues and says it is working with its major airline partners on fleet
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FLY LEASING had $38.1m net income in 1Q20 (vs $45m in 1Q19) on 17% lower revenues, and ended quarter with 84 aircraft.
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AIR LEASE CORPORATION had $133.3m net income in 1Q20 (vs $138.1m in 1Q19) on 9.7% higher revenues, and ended the quarter with 300 owned/82 managed
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DELTA AIR LINES and LATAM AIRLINES GROUP signed trans-American joint venture agreement to combine their route networks between North and South America
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ATLAS AIR had $23.4m net profit in 1Q20 (vs $29.7m net loss in 1Q19) on 5.3% lower revenues; block hours dropped 5%.
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COPA HOLDINGS had $74.3m net income in 1Q20 (vs $89.4m in 1Q19) on 11.4% lower revenues; it has 102 aircraft, including six 737 MAXs. It is estimating
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LUFTHANSA GROUP is negotiating €9b stabilization package with the German Government that would comprise silent participation and secured loan that
Air Transport

Luis Gallego will succeed Willie Walsh as Chief Executive Officer of International Airlines Group on September 24.
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SPIRIT AIRLINES lost $27.8m in 1Q20 (vs $56.1m net income in 1Q19) on 10% lower revenues and commenced public offerings of 12m shares of stock and
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JETBLUE lost $268m in 1Q20 (vs $42m net income in 1Q19) on 15.1% lower revenues.
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INTERNATIONAL AIRLINES GROUP lost €1.7b in 1Q20 (vs €70m net profit in 1Q19) on 13.4% lower revenues and says it does not expect last year's level of
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DAE

DAE had US$76.7m net income on US$344.2m revenues in 1Q20 vs $99m on $360m in 1Q20. It has $2.8b of liquidity.
Air Transport