Airlines & Lessors

Aeromexico (AM) has announced record third-quarter revenues of MXP $10.5 billion ($807.8 million), a 10.1% increase, although net income of MXP $423 million was down from MXP $615 for the same period last year.

Norwegian Air Shuttle (DY) reported a pre-tax profit of NOK873 million ($152 million) for the third quarter, up 27.3% from the NOK686 million earned on a similar basis in prior-year quarter. This was, the airline said in a statement, its “best ever” result.

Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air (QX), more than doubled its net income year-over-year, earning $163.4 million in the third quarter versus net income of $77.5 million in the 2011 third quarter.

United Continental Holdings (UCH) posted third-quarter net income of $6 million, down 99.1% from a net profit of $653 million in the prior-year period, though it pointed out that the results are affected by $514 million in special charges related to the ongoing integration of United Airlines (UA) and Continental Airlines (CO).

Las Vegas-based Allegiant Travel Company, the parent of low-cost leisure carrier Allegiant Air (G4), reported third-quarter net income of $16.9 million, up 78% from a $9.5 million profit in the year-ago period.

Icelandic low-cost carrier Iceland Express has been taken over by fellow Icelandic company WOW air.

Serbian government is considering launching a new carrier to replace the state-owned, loss-making JAT Airways (JU).

Wizz Air (W6) has begun charging €10 ($13) for hand luggage larger than 42x32x25 cm., becoming the first European carrier to charge passengers for onboard bags.

Hawaiian Airlines (HA) reported third-quarter net income of $45.5 million, up 77.6% from a $25.6 million profit in the year-ago period.

American Airlines (AA) said next year it will launch several new international services, including daily Dallas/Fort Worth (DFW)-Seoul Incheon Boeing 777-200 flights starting May 9.

Embraer reported third-quarter net income of $65.2 million, up 15% compared to the prior-year period, on revenues of $1.4 billion, up from $1.3 billion in the 2011 September quarter.

US Airways (US) earned third-quarter net income of $245 million, more than tripling a net profit of $76 million in the 2011 September quarter.

Delta Air Lines (DL) posted third-quarter net income of $1.05 billion, nearly doubling the $549 million in net income earned in the year-ago quarter.

Scoot (TZ)—Singapore Airlines’ (SIA) new medium- to long-haul low-cost carrier—has agreed to acquire 20 Boeing 787 aircraft.

Boeing reported third-quarter net income of $1.03 billion, down 6% from a $1.1 billion net profit in the year-ago quarter.

Singapore Airlines (SIA) has agreed to order 20 Airbus A350-900s and five A380s valued at $7.5 billion at list prices.

West Africa’s newest carrier, Gambia Bird (3G), launched scheduled services across West Africa and into Europe Oct. 22, one week later than planned.

Slovenia-based Adria Airways (JP)—which posted a first-quarter net loss of €8 million ($9.8 million) and received a €50 million capital boost in September 2011—said it would need an additional €9 million to survive the winter, according to the Austrian Daily Wirtschaftsblatt, which quoted JP CEO Klemen Bostjancic.

Lufthansa (LH) is increasing services in Latin America as the carrier looks to expand its market share in the region.

Spanish low-cost carrier Vueling (VY) CEO Alex Cruz has vowed that Barcelona El Prat (BCN) will overtake Frankfurt Airport (FRA) as Europe’s leading airport for short-haul flights in 2014.

United Parcel Service (UPS) posted third-quarter net income of $469 million, down 56.3% from a $1.07 billion net profit in the 2011 September quarter.

Chinese conglomerate HNA Group—parent of Hainan Airlines (HU), China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines—has acquired a 48% stake in French airline Aigle Azur Transports Aeriens (ZI).

The Aviation Corp. of China (AVIC) and GE Aviation have formally launched a Shanghai-based integrated avionics joint venture (JV) “to develop and market the new generation of avionics systems with an immediate priority on supporting development of China’s first home-grown big passenger jet” the C919.

Kigali-based RwandAir (WB) has taken delivery of the first of two Bombardier CRJ900s it had on order that includes two options.

Air France (AF) claims it is “far too early” to discuss whether Air Berlin (AB) might switch alliances from oneworld to SkyTeam, following comments made by AF CEO Alexandre de Juniac.