Hungary-based low-cost carrier Wizz Air has signed a sale and leaseback agreement with Chinese CDB Leasing Co. to finance six Airbus A320. Deliveries are planned in 2014 and 2015.
Footnotes: * International only. 1. January - June. 2. January - May. 3. Includes Regional operations. 4. Combined American Eagle, Executive Airlines and American Connection. 5. Combined traffic for SkyWest Airlines and ExpressJet Airlines. 6. YTD 02013 from 4/26/13
Finnair has downgraded its financial guidance for the year in the face of potential strike action that could start as early as Friday and last until Nov. 23.
Asia-Pacific airlines—global industry leaders in terms of profitability in recent years—are cautious about 2014 as yields and profits this year have failed to reach anticipated levels, the head of the region’s airline association said Thursday.
The Alitalia board of directors has approved a revised strategic plan aimed at improving asset management efficiency and making the airline more competitive by slashing costs.
Airbus parent EADS has reported net income of €1.2 billion ($1.61 billion) for the nine months to Sept. 30, up 36% from €880 million in the year-ago period.
Airberlin reported third-quarter earnings before interest and tax (EBIT) of €115.6 million ($154.5 million) up 14% from €101.2 million in the year-ago period.
Brazilian low-cost carrier GOL posted a third-quarter net loss of BRL197 million ($87.3 million), narrowed from a net loss of BRL309.4 million in the year-ago quarter, and an improvement on the carrier’s net loss of BRL433 million in this year’s second quarter.
The Competition Commission of India (CCI) on Tuesday cleared the final regulatory hurdle for Abu Dhabi-based Etihad Airways to buy a 24% stake in Jet Airways.
LATAM Airlines Group—the merger created between Santiago de Chile-based LAN Airlines and Brazil’s TAM Airlines—reported a third-quarter net profit of $52.1 million, reversed from a $49.2 net loss in the year-ago quarter.
Rosedale Aviation Holdings has sold its 48.1% stake in UK regional airline Flybe to institutional investors, marking its exit from the airline, which is going through a major restructuring.
Delta Air Lines and Virgin Atlantic have announced plans to align their schedules from next summer and co-locate some services at Heathrow’s Terminal 3.
Overall worldwide airport passenger traffic increased 4.1% year-over-year in September, down 0.7 point from August, Airports Council International (ACI) has reported.
With the settlement of an antitrust lawsuit with the US Department of Justice (DOJ) behind them, American Airlines and US Airways now believe their merger can close in the first half of December.
American Airlines and US Airways have settled the antitrust lawsuit filed in August by the US Department of Justice (DOJ), agreeing with DOJ to divest slots and facilities at several airports—including 52 slot pairs at Washington National Airport (DCA)—to enable the mega-merger of the two airlines to proceed.
Singapore Airlines has reported a net profit of S$160 million ($128.6 million) for the second quarter ended Sept. 30, up 77.8% from S$90.1 million year-over-year.
Alitalia will hold a board meeting with its shareholders Wednesday afternoon to discuss a new cost-cutting plan and ways to obtain financial help to keep the airline operational.
