Japan Airlines (JAL) is preparing for the introduction of Airbus A350s and Boeing 787s on its domestic routes in 2019, while also looking further ahead to the prospect of replacing its Boeing 767 fleet.
International Airlines Group fought off the effects of rising fuel prices and unfavorable currency movements to record a net profit (before exceptional items) of €1.14 billion ($1.3 billion) for 3Q 2018, almost exactly the same as the year-ago restated figure.
Alaska Air Group—parent of Alaska Airlines and Horizon Air— experienced a drop in net income for a third consecutive quarter, as the company struggled to generate enough revenues to offset higher fuel costs.
Fort Lauderdale-based Spirit Airlines reported a net profit of $97.5 million in the 2018 third quarter, up 38% from the $60.2 million reported in the same period last year, offsetting higher costs for jet fuel and personnel.
Finnair downgraded its full-year outlook after the airline’s third-quarter 2018 net profit fell 13.9% to €80.5 million ($91.9 million), driven by exceptional weather conditions, a shortage of spare engines, stiff intra-European competition and higher fuel costs.
Boeing Global Services (BGS) increased revenue 14% in the third quarter (Q3) to $4.1 billion, and the strong environment combined with the folding in of parts distributor KLX led the company to raise full-year revenue guidance $0.5 billion, to $16 billion-$16.5 billion.
The Russian aircraft industry went through another round of consolidation Oct. 25 as the country’s aircraft manufacturing conglomerate United Aircraft Corporation (UAC) fell under control of industrial giant Rostec.
Long-haul LCC Norwegian Air Shuttle, while reporting an 18% rise in the airline’s third quarter 2018 net profit, warned that high oil prices and a strong dollar will affect the entire aviation industry.
Qantas is confident it can largely recover fuel price increases thanks to strong passenger revenue trends, favorable economic conditions and healthy forward bookings.
Austrian communications and information systems developer Frequentis and the UAE General Civil Aviation Authority (GCAA) have entered into a memorandum of understanding to support current and future developments in airspace management.
Mature-aircraft trader and lessor Vallair—which is the launch customer for the first Airbus A321 passenger-to-freight conversion—is actively seeking more A321s to join eight the company already has slated for conversion.
FAA will evaluate Iridium’s new Certus satellite broadband service before approving it for Future Air Navigation System (FANS)-based communications between pilots and air traffic controllers in oceanic airspace.
Cathay Pacific announced Oct. 24 its discovery of an IT security breach to its information system containing passenger data of up to 9.4 million people.
The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.
Airbus appeared to be slowly overcoming its production issues but has found itself in the middle of another small crisis—introducing new A321neo versions.
IATA said Oct. 24 it sees great risk of disruption to air travel in most of the scenarios conceivable for Brexit less than six months ahead of the Mar. 29 UK exit from the European Union.
Mexican citizens will take to the ballot box beginning Oct. 25 to decide the fate of the new Mexico International Airport (NAIM) project, which has come under fire from the country’s president-elect over construction costs and environmental impacts.
Ryanair has signed a recognition agreement with the Spanish pilot union SEPLA to cover all of its directly employed pilots in Spain, the Dublin-based LCC said Oct. 24.
The Philippines government’s House Committee on Transportation passed a bill Oct. 24 creating the Philippines Airport Development Corporation (PADC) to oversee the construction, maintenance and operation of airports across the country.
