Airlines & Lessors

US airlines reported only two domestic flights with tarmac delays exceeding three hours in August; no international flights were reported experiencing with a tarmac delay exceeding four hours, according to the US Department of Transportation (DOT) Air Travel Consumer Report and the Bureau of Transportation Statistics.

Low-cost carrier Norwegian Air Shuttle has reported a third-quarter, pre-tax profit of NOK604 million, down from NOK873 million ($102.3 million) year-over-year.

The US Department of Transportation (DOT) has fined United Airlines $1.1 million for a series of lengthy tarmac delays at Chicago-O’Hare International Airport one day last year when the airport was affected by severe thunderstorms.

Leisure carrier Monarch Airlines is weeks away from a final decision on an order for 60 narrowbodies, according to comments made by group chairman Iain Rawlinson.

The US National Transportation Safety Board (NTSB) will hold a two-day investigative hearing in December on the crash of Asiana Airlines Flight 214.

A Turkish Airlines spokesman told ATW the carrier has not finalized its aircraft assessments for the 2020-2023 period after several media outlets reported the carrier is in talks with manufacturers for aircraft orders.

Russia’s Aeroflot will provide a RUB430 million ($13.5 million) loan for its Far East subsidiary Aurora Airline for initial investments.

Following the scrapping of Ireland’s air travel tax, Ryanair has announced a batch of new services starting in April 2014.

Lufthansa is ending turboprop services Oct. 26 with Italian subsidiary Air Dolomiti’s final ATR 72-500 flight from Munich to Triest, Italy, as the German-based carrier moves ahead with its restructuring program SCORE.

GE Capital Aviation Services (GECAS) has taken delivery of the first of three 777-300ERs for lease to Kenya Airways.

People

Source: U.S. Energy Information Administration.

* Ranked by reports per 1,000 passengers. Source: US DOT Aviation Consumer Protection

Korean Air has finalized an order for five Boeing 747-8Is and six 777-300ERs that was announced as a commitment during the Paris Air Show in June.

El Al Israel Airlines has finalized an order for two additional Boeing 737-900ERs, bringing the total number of orders for the type to eight.

United Continental Holdings (UCH), parent of United Airlines, is reporting third-quarter earned net income of $379 million, up substantially from a $6 million net profit during 2012’s third quarter.

Alaska Air Group, parent of Alaska Airlines and Horizon Air, has reported a third-quarter net profit of $289 million, up 77.3% compared to a net income of $163 million in the year-ago quarter.

Southwest Airlines reported a third-quarter net income of $241 million, more than doubled from a $97 profit in the year-ago quarter.

Aegean Airlines has signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) in cash, and the transfer of 100% of Olympic Air shares has been completed.

Jet Airways has reported a net loss of Rs8.91 billion ($145 million) for the quarter ended Sept. 30, widened from a net loss of Rs997 million in the year-ago period.

Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, is reporting a third-quarter net income of $17.1 million, up 1% compared to $16.9 million in the year-ago quarter.

Russia’s Aeroflot will delay delivery of its 22 Airbus A350 XWBs to between 2018 and 2023.

China’s Shandong Airlines has reported a third-quarter net income of CNY402.89 million ($65.8 million), down 20.75% compared to CNY508.38 million in the year-ago quarter.

Boeing has reported a strong third-quarter financial performance, with a net profit of $1.2 billion, up 12% over the same period a year ago.

US Airways posted a third-quarter net income of $216 million, down 11.9% from $245 million in the year-ago quarter.