New York-based JetBlue has posted a 2013 first-quarter net income of $14 million, less than half of the $30 million profit recorded for the same period a year ago.
FAA has proposed a $4 million civil penalty against United Parcel Service (UPS) for allegedly failing to follow FAA-approved procedures for making structural repairs to two DC-8 freighter aircraft and two MD-11Fs.
Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air, earned first-quarter net income of $37 million, down 11% from $41 million in the year-ago period.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $31.9 million, up 47.1% compared to $21.7 million in the year-ago period.
Etihad and Jet Airways have signed a long-awaited agreement that will see Etihad taking a strategic shareholding in the Indian carrier, as well as pumping in additional investment.
The merged American Airlines (AA) and US Airways will create an airline with the best domestic feed of the US’s three mega-carriers and will make oneworld the strongest of the global alliances, US Airways president Scott Kirby said Wednesday.
African low-cost carrier Fastjet, tired of waiting on its planned acquisition 1time, is instead planning to launch services in South Africa May 31 in cooperation with South African investment company Blockbuster.
Gulf Air posted what it described as a “solid” fiscal and operational first-quarter performance, as it embarked on a major restructuring plan to cut heavy losses.
US Airways has posted a record net profit for the 2013 first quarter and said its planned merger with American Airlines is on track to be completed in the third quarter.
International Airlines Group (IAG) will own 90.51% of Spanish carrier Vueling after the majority of the Barcelona-based carrier’s shareholders agreed to the deal.
Oneworld carrier Finnair has raised €53 million ($69.2 million) from the disposal of its entire 4.69% stake in Norwegian Air Shuttle, which it has held since 2007.
Delta Air Lines reported first-quarter net income of $7 million, down 94% from a net profit of $124 million in the year-ago period, on a 1% year-over-year rise in revenue to $8.5 billion.
Latvian carrier Air Baltic has narrowed its full-year net loss to LVL19 million ($35.3 million) in 2012, marking a 77% improvement from a LVL85 million loss in 2011.
International Airline Group (IAG), parent company of British Airways and Iberia, has signed a memorandum of understanding (MOU) with Airbus for 18 A350-1000s, plus 18 options.
Kigali’s RwandAir has signed a firm purchase agreement for one Bombardier Q400 NextGen turboprop airliner, in an order valued at approximately $33 million based on list prices.
Lufthansa canceled nearly 1,700 flights Monday after Verdi union called for ground workers to strike after rejecting the airline’s latest contract offer.
A two-day strike by El Al Israel Airlines workers in protest of a newly approved Israel-European Union open skies accord ended Monday after the Israeli government agreed to cover nearly all of the airline’s security costs.
