Korean Air (KE) incurred a KRW159 billion ($140 million) net loss in the second quarter, reversed from a KRW21 billion net profit in the year-ago period.
Hainan Airlines (HU) plans to operate its first, yet-to-be-delivered Boeing 787 on the new Beijing-Chicago O’Hare route, which is expected to be launched next year.
Aeroflot (SU) will create a regional carrier in the Russian Far East, combining its sister companies, Vladivostok Avia (XF) and SAT Airlines (HZ), according to an Interfax news agency report quoting SU CEO Vitaly Saveliev.
Abu Dhabi-based Etihad Airways (EY) has been given permission by the Australian government to double its Virgin Australia (DJ) shareholding from 4.99% to 10%.
An impressive revenue performance enabled Southwest Airlines to earn second-quarter net income of $228 million, up 41.6% over a net profit of $161 million in the prior-year period.
Thai Smile, Thai Airways International (TG)’s low cost-carrier, launched operations July 7 with daily AirbusA320 flights to Macau. Domestic services include Krabi, Chiang Mai, Surat Thani and Phuket. International destinations will follow. The carrier will receive a total of 11 A320s through mid-2015. The first six aircraft are being leased from SMBC Aviation Capital. The remaining five aircraft are directly purchased from Airbus.
Alaska Airlines’ ramp service and store agent workers have ratified a new six-year contract. The contract, which becomes amendable in July 2018, includes wage increases of 10% over the life of the agreement, two long-term contract payments, and job security and improved productivity provisions.
United Airlines (UA) has reached a tentative agreement with the Assn. of Flight Attendants covering flight attendants from the company's Continental Micronesia (CMI) subsidiary.
Air China (CA) has warned its first-half profit could drop more than 50% compared to a net income of CNY4.06 billion ($643 million) in the year-ago period, according to a CA statement released by the Shanghai Stock Exchange.
Following six consecutive loss-making quarters, American Airlines’ (AA) parent AMR Corp. has posted a 2012 second quarter net profit of $95 million excluding special costs related to its restructuring.
Bolivian authorities have withdrawn the air operators certificate (AOC) for AeroSur (5L) after the carrier, which had been grounded since May 18, failed to fulfill requirements to have its temporary AOC reinstated.
Communications Workers of America (CWA) fleet and passenger service employees have voted to ratify a four-and-a-half-year collective bargaining agreement with Piedmont Airlines, a wholly owned subsidiary of US Airways.
Chinese carriers reported a collective profit of CNY3.78 billion ($598 million) in the first half, down 70.5% from a net income of CNY12.83 billion year-over-year.
