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.
The Civil Aviation Authority of the Philippines (CAAP) said Monday that all Philippine airports have resumed operations, except for Tacloban, which is limiting operations to turboprop aircraft.
UK regional Flybe has reported a profit after tax of £13.6 million ($22 million) for first half to Sept. 30, up from a loss of £1.6 million during the year-ago period.
Turkish Airlines has reported a third-quarter net profit of TRY705 million ($345.4 million), which is in line with last year’s results, but its nine months results were down 6% to TRY826 million compared to the year-ago period.
Air France now indirectly controls 100% of French regional Airlinair after quietly acquiring a 60% stake, which was previously held by Airlinair CEO Lionel Guerin, during the creation of HOP! in January.
