Virgin America has earned its first-ever second-quarter net profit, reporting net income of $8.9 million, reversed from a net loss of $31.8 million in the year-ago quarter.
UK regional Flybe reports that group revenue for the fiscal first quarter ended June 30 was up 0.7% to £164.2 million ($252.8 million) from £163 million for the same period last year.
CAE has signed a contract for eight full-flight simulators (FFSs), flight training devices and a 15-year maintenance and service agreement with an undisclosed customer.
Copa Holdings, parent company of Panama-based Copa Airlines and Copa Airlines Colombia, posted a second-quarter net income of $74.4 million, more than doubling a net profit of $32 million in the year-ago quarter.
Canadian charter carrier Air Transat has become the first airline to renew its IATA Operational Safety Audit (IOSA) under the Enhanced IOSA (E-IOSA) audit process.
SkyWest Inc., the parent of St. George, Utah-based SkyWest Airlines and Atlanta-based ExpressJet Airlines, posted a second-quarter net profit of $20.7 million, up 22.2% from a net income of $17 million in the year-ago quarter.
Air Canada reported a second-quarter net loss of C$23 million ($22.2 million), narrowed from a C$161 million net deficit in the 2012 June quarter, and touted record operating income.
Ryanair CEO Michael O’Leary believes there is “little doubt” the UK Competition Commission (UKCC) will ultimately order Ryanair to sell its 29.8% stake in Aer Lingus.
Twenty-one Chinese carriers are expected to receive CNY433 million ($70.2 million) in subsidies to operate regional routes, according to the Civil Aviation Administration of China (CAAC).
Sharjah-based low-cost carrier Air Arabia reported a first-half net profit of AED134 million (36.5 million), a 17% increase over the same period last year when the airline posted a profit of AED115 million.
International Airlines Group (IAG) has options for 32 Airbus A350-900s and 12 Boeing 787-9s, which could be destined for Iberia if the Spanish carrier succeeds with its restructuring plan.
Stamford, Conn., based commercial aircraft lessor Aircastle Limited has reported a second-quarter net income of $32.9 million, more than doubled from $16.3 million net income year-over-year.
California-based Air Lease Corp. (ALC) announced a long-term lease agreement with airberlin for one new Boeing 737-800 aircraft scheduled for delivery in February 2016, as well as lease extensions on six aircraft.
Lufthansa Group subsidiary Swiss International Air Lines has reported a second-quarter operating profit of SFR96 million ($101.5 million), up 48% compared to SFR65 million in the year-ago period.
Lufthansa Group subsidiary Austrian Airlines, 16 months into its comprehensive €220 million ($286.1 million) restructuring program, has reported a second-quarter operating profit of €21 million ($27.3 million), up 75% compared to $15.6 million in the year-ago period.
