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.
Since taking the role of Kuala Lumpur-based AAPA DG in November 2004, Andrew Herdman has expanded the organization’s role to ensure close relationships with regulators worldwide and other industry associations so that Asia-Pacific’s international carriers are well-informed and represented in global policy issues.Herdman spoke with ATW while attending the two-week ICAO Assembly in Montreal where the landmark accord on aviation emissions was reached.
You might think the dream of a small, but growing airline would be to be pitched against a weak national flag carrier. But Marwan Boodai, chairman of Jazeera Airways, would dearly like to see his country’s national airline, Kuwait Airways, become a lot stronger.
Aer Lingus CEO Christoph Mueller has a lot on his plate right now. Like many European airline CEOs, he is driving his carrier to reduce its costs, but on top of this he has low-cost carrier Ryanair as a neighbor, rival, shareholder and would-be owner. Not many airline CEOs would want to trade places.
