International Airlines Group (IAG) CEO Willie Walsh expressed strong criticism of a plan to rescue Alitalia, saying the Italian carrier’s continued existence—with help from the Italian government—is “distorting” the European airline market.
Irish carrier Aer Lingus has reported a third-quarter operating profit of €94.9 million ($128.1 million), up 4.4% from €90.9 million in the year-ago period.
The Air India Boeing 787, which developed windshield cracks while landing at Melbourne on Monday, will to return Delhi Tuesday night after being repaired, airline officials said.
Lufthansa, which is transferring flights to its subsidiary Germanwings as a part of its restructuring program SCORE, has announced Germanwings will launch new routes from Hamburg in summer 2014.
This chart represents the most recent 13 months, displayed as percent changes from the previous year, for Scheduled Passenger Airline Full-time Equivalent Employees* by Airline Group. Source: US Dept. of Transportation Footnotes: * Full-time Equivalent Employee (FTE) calculations count two part-time employees as one full-time employee. ** Includes network, low-cost, regional and other carriers. Other carriers generally operate within specific niche markets, i.e. Hawaiian Airlines and Sun Country Airlines.
Etihad Airways has temporarily suspended its 3X-weekly passenger flights and twice-weekly cargo flights to the Libyan capital Tripoli, effective immediately, due to what the airline described as unspecified “safety and operational challenges which the airline has observed in recent months at Tripoli Airport.”
Alitalia reported a net profit of €7 million ($9.4 million) for the third quarter ended Sept. 30, down 74% from €27 million during the year-ago period.
Irish low-cost carrier Ryanair reported a first-half profit after tax of €602 million ($812 million), up 1% from the €596 million profit reported for the same period last year.
Hainan Airlines reported a third-quarter net profit of CNY1.54 billion ($251 million), up 28% compared to a net income of CNY1.2 billion in the year-ago quarter.
Qantas and Japan Airlines (JAL) have made a combined equity injection of ¥11 billion ($111 million)—in the form of non-voting shares—in Jetstar Japan, a joint venture between the Qantas Group, Japan Airlines, Mitsubishi Corp. and Century Tokyo Leasing Corp.
Air France-KLM has given Alitalia until Nov. 14 to agree to strict conditions that must be met before it participates in the Italian carrier’s capital increase.
Russia’s Transaero Airlines has reported a net profit of RUB736 million ($22.9 million) for the first nine months ended Sept. 30, up 20% compared to the year-ago period.
US Airways’ transition to oneworld from the Star Alliance is set to happen quickly after the carrier’s merger with American Airline is approved, a senior American executive told ATW this week.
China Southern Airlines reported third-quarter net income of CNY2.16 billion ($352 million), down 2.62% compared to a net profit of CNY2.22 billion in the year-ago quarter.
Air Malta said Thursday it has ended the second year of its five-year restructuring plan with reduced losses, but cautioned that more work is needed to improve further its financial position.
Aegean Airlines, which signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) Oct. 24, presented the benefits of the transaction during a Friday press conference in Athens.
Sukhoi Civil Aircraft Co. (SCAC) has reported a net loss of RUB7.29 billion ($227 million) for the first nine months ended Sept. 30, deepened 2.8 times from a year ago.
