Airbus parent EADS reported first-quarter net income of €133 million ($170.4 million), turned around from a €12 million net loss in the 2011 March quarter, on a 16% rise in revenue to €11.4 billion.
News from Travel Technology Update: The economic environment has not been kind to Europe over the last couple of years, and in 2011 Lufthansa Systems took steps to realign the company not only for significant cost reductions but for an equal amount of revenue growth as well.
Gulf Air (GF) is awaiting the result of deliberations in the upper house of Bahrain’s National Assembly after the lower house rejected a government proposal to recapitalize the beleaguered national carrier.
Air Berlin (AB) said it wants to extend the delayed opening of Berlin Brandenburg International (BER) until the start of the winter schedule by the end of October.
JetBlue Airways (B6) and Turkish Airlines (TK) have announced an interline agreement connecting their networks at New York JFK and Washington Dulles (IAD).
All Nippon Airways (ANA) has announced a company split and said it will restructure as it deals with a more competitive environment, according to a statement.
The Commercial Aircraft Corp. of China (COMAC) has launched an aircraft finance lease company with Pudong Development Bank and Shanghai International Group.
Tunisair (TU) workers, represented by Tunisian General Labor Confederation (GCTT), have announced they will strike May 22 and 23 after they were excluded from all meetings between union representatives and the TU administration, several local media outlets reported.
Barcelona-based Vueling Airlines (VY) reported a first-quarter net loss of €16.3 million ($21 million), an improvement of 28.7% from €23.6 million in the same period last year.
American Airlines (AA), which is operating under Chapter 11 bankruptcy protection, has slightly softened its anti-merger stance in order to reach a joint protocol agreement with its official committee of unsecured creditors.
Chile’s LAN’s system-wide passenger traffic for April increased 13.9% while capacity rose 5.8%. Passenger load factor grew 5.9 percentage points to 83%.
Malaysia Airlines’ (MAS) first Airbus A380 returned to Toulouse Thursday following completion of interior furnishing and cabin system tests in Hamburg, Airbus announced.
Hong Kong-based Cathay Pacific Airways (CX), which has warned its first-half results are “expected to be disappointing,” said it will cut costs and reduce capacity as operating costs rise due to high fuel prices and economic uncertainty.
Bombardier’s first-quarter net profit fell 13.6% to $190 million from $220 million in the corresponding year-earlier period, partly as a consequence of lower commercial aircraft deliveries.
Garuda Indonesia (GA) and Taiwan’s China Airlines (CI) have signed a memorandum of understanding to broaden GA’s network and offer customers of both airlines a wider choice of destinations.
International Airlines Group (IAG), parent company of British Airways (BA) and Iberia (IB), reported a pre-tax loss of €263 million ($340.5 million), worsened from a €47 million loss in the year-ago period, despite revenue rising 7.8% to €3.9 billion.
Scandinavian Airlines (SAS) and Singapore Airlines (SIA) have finalized a joint venture (JV) agreement that is expected to stimulate growth in existing air services between the two regions.
