Florida-based Spirit Airlines (NK) reported first-quarter net income of $23.4 million, almost tripled from a net profit of $7.9 million in the year-ago period.
SAS Scandinavian Airlines (SK) has announced the latest step in its strategy of focusing on its core airline business through the divestiture of six properties at Swedish airports.
American Airlines (AA) parent AMR Corp., which is restructuring via the Chapter 11 bankruptcy process, on Tuesday announced it will eliminate five manager positions as part of the third phase of restructuring.
Vienna-based Austrian Airlines (OS) decided late Monday to transfer the company’s mainline operations—which include about 80 aircraft and 2,100 employees—to subsidiary Tyrolean Airways from July 1 after failing to reach agreement with labor representatives.
Delta Air Lines (DL) anticipates its US northeast operations will easily take up all the fuel available from the oil refinery that the carrier is purchasing and that payoffs of the daring strategy will be almost immediate.
South Korea's international passenger traffic jumped 12.4% in the first quarter, to a record 11.4 million from 10.1 million in the year-ago period, the Yonhap News Agency has reported, citing the Ministry of Land, Transport and Maritime Affairs.
United Parcel Service (UPS) last week reported first-quarter net income of $970 million, up 6% from a net profit of $915 million in the year-ago period, on a 4.4% increase in revenue to $13.14 billion.
China Eastern Airlines (MU) placed an order for 20 Boeing 777-300ERs in an order worth $5.94 billion at list prices, according to the carrier’s statement released by Shanghai Stock Exchange.
Republic Airways Holdings (RAH), parent of Chautauqua Airlines, Frontier Airlines (F9), Republic Airlines and Shuttle America, posted a net loss of $7.1 million in the first quarter 2012, narrowed from a $22.4 million net loss in the year-ago period.
Austrian Airlines (OS) has struck a tentative agreement with pilots and flight attendants that could head off OS plans to shift their contracts to subsidiary Tyrolean with less generous terms, according to an internal joint email from the OS management and union Betriebsrat Bord received by ATW.
Las Vegas-based Allegiant Travel Company, parent of Allegiant Air (G4), reported earnings of $21.7 million for the first quarter, up 26.5% compared to $17.2 million in the year-ago period.
JetBlue Airways (B6) posted a $27 million year-over-year increase in net income to $30 million for the first quarter, up from $3 million in the year-ago quarter.
Norwegian Air Shuttle (DY) reported a first-quarter net loss of $49.8 million, a slight improvement on its loss of $51 million for the year-ago period.
Air China (CA) and China Southern Airlines (CZ) saw their first-quarter income plunge due to high fuel prices and the slowing of yuan appreciation, according to carrier statements released by Shanghai Stock Exchange.
United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period.
International Lease Finance Corp. (ILFC) and its parent American International Group (AIG) have filed a civil lawsuit in a Los Angeles court against Air Lease Corp. (ALC) and its chairman and CEO, Steven Udvar-Hazy, as well as a number of other top ALC executives, seeking damages that it said may reach “several hundreds of millions” of dollars “or more.”
