Chinese carriers earned a collective net profit of CNY6.4 billion ($1.04 billion) in August, up 8% compared to a net income of CNY5.93 billion in the year-ago period.
Philippine Airlines (PAL) will re-launch services to Europe in November, after a 15-year break when all Philippine carriers were included on the European Commission’s so-called blacklist banning operations in European airspace.
Volaris Aviation Holding, parent of Mexican Low-cost carrier Volaris, has launched a simultaneous $346 million initial public offering (IPO) Sept. 18 at the New York Stock Exchange and the Mexican Stock Exchange.
French leisure airline Transavia France has signed a contract with Toulouse-based software solutions specialist Open Airlines in a bid to reduce fuel burn.
In July, US airlines reported 13 domestic flights with tarmac delays exceeding three hours and three international flights with a tarmac delay exceeding four hours, according to the recent US Department of Transportation (DOT) Air Travel Consumer Report.
Lufthansa Group’s Supervisory Board has approved the purchase of 34 Boeing 777-9Xs and 25 Airbus A350-900s with a total value of $18.7 billion at list prices.
Air France has presented an update on its Transform 2015 recovery program, which includes a potential 2,800 layoffs in 2014, to the Central Works Council.
Mexican low-cost carrier Interjet operated two Sukhoi Superjet 100s on revenue flights Wednesday, marking the first SSJ100 commercial flights by a Western airline.
FedEx Corp. reported a net profit of $489 million for its fiscal first quarter ended Aug. 31, up 7% over net earnings of $459 million in the prior-year period, even as the FedEx Express airline unit suffered a year-over-year revenue decline.
The Russian government has extended the appointment of Aeroflot CEO Vitaly Saveliev for another five years, according to a spokesperson for Prime Minister Dmitry Medvedev.
Air France-KLM and Germany’s Intro Group have ended exclusive talks over the sale of Irish regional airline CityJet, although the disposal process is ongoing.
As Lufthansa subsidiary Austrian Airlines—one of the largest remaining Fokker 70/100 operators worldwide—works on replacement solutions for the aging aircraft, German media outlets are reporting the Lufthansa board is nearing a decision on a long-haul aircraft order. The announcement, which will reportedly be for a mix of 50 Boeing 777Xs and Airbus A350s, is expected Thursday.
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
