US DOT reports 25 US scheduled pax airlines recorded $1.6b cumulative net loss in 1Q24 (vs $1.2b loss in 1Q23) on $56b operating revenues ($41.8b in fares; $1.7b in baggage fees; $250m in reservation change fees) vs $52.9b in 1Q23.
NORD/LB announced it is withdrawing from aircraft financing business. It has agreed to sell a substantial portion of its its portfolio, valued at €1.67b, to DEUTSCHE BANK, and says remaining €1.1b portfolio will be gradually phased out.
Caribbean ULCC Arajet aims to launch flights from Punta Cana International on Nov. 1 and plans to establish a base at the eastern Dominican Republic airport.
Emirates has agreed to pay a settlement for operating JetBlue codeshare flights through Iraqi airspace at a flight level that was not approved by the U.S. FAA.
Nassau Paradise Island Promotion Board, co-host of Routes Americas 2025, spoke to Routes in Bogota about what delegates can expect from the event next year.
Saudia has ranked among the top five for arrival On-Time Performance (OTP-A) and first globally with the highest departure On-Time Performance (OTP-D).
Ethiopian Aviation University has graduated close to 800 aviation professionals including international trainees from eight African countries and one from Asia.
