Alaska Air Group, parent of Alaska Airlines and Horizon Air, has reported a third-quarter net profit of $289 million, up 77.3% compared to a net income of $163 million in the year-ago quarter.
Aegean Airlines has signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) in cash, and the transfer of 100% of Olympic Air shares has been completed.
Jet Airways has reported a net loss of Rs8.91 billion ($145 million) for the quarter ended Sept. 30, widened from a net loss of Rs997 million in the year-ago period.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, is reporting a third-quarter net income of $17.1 million, up 1% compared to $16.9 million in the year-ago quarter.
China’s Shandong Airlines has reported a third-quarter net income of CNY402.89 million ($65.8 million), down 20.75% compared to CNY508.38 million in the year-ago quarter.
Heathrow’s Spanish owner Ferrovial is reducing its stake in the airport group—which owns Heathrow, Glasgow, Aberdeen and Southampton airports—but remains the group’s main investor.
Swiss International Air Lines has reached an agreement with its two pilot unions that will ultimately integrate the cockpit crew at the short-haul arm of Swiss European and long-haul operator Swiss International.
German-based MHS Aviation has taken a 40% stake in Swiss regional carrier SkyWork Airlines—which completed a management buyout in April and has been seeking a new investor—allowing it to continue operations.
Delta Air Lines reported net income of $1.37 billion for the third quarter, up 31% over a net profit of $1.05 billion in the 2012 September period, on a 6% year-over-year rise in revenue to $10.49 billion.
Rapidly expanding Eastern European budget carrier Wizz Air has converted 26 of its Airbus A320 orders to the larger A321, which will be its first of the larger variant type.
The proposed alliance between Etihad Airways and India’s Jet Airways remains unsealed, almost three months after it was approved by India’s foreign investment regulator.
Finnair has received the green light to be included in British Airways and Finnair’s Japanese joint venture after announcing plans to join the partnership in July.
Lufthansa Group has projected a full-year operating profit of €600 to €700 million ($820 million to $960 million), up from €524 million in 2012, due to restructuring costs, volatile exchange rates and tough market conditions.
Budapest startup Solyom Hungarian Airways, which was due to launch Boeing 737-500 charter flights from early September and scheduled flights from early October, went to insolvency before it was able to start operations.
