Boeing earned a net profit of $923 million in the first quarter, up 58% over $586 million in net income in the prior-year period, on a 30% jump in revenue to $19.38 billion.
US Airways (US) reported first-quarter net income of $48 million, reversed from a net loss of $114 million in the prior-year period, though it conceded that was in the red excluding special items.
Universal Avionics has appointed Robert Randall to OEM sales manager. Randall began his career with Universal Avionics in September 2008 as Midwest regional sales manager. MTU Maintenance Zhuhai has named Frank Bodenhage president and CEO, and Holger Sindemann to MD and SVP of MTU Maintenance Hannover. Bodenhage joined MTU Maintenance Zhuhai in 2006 as COO.
China Eastern Airlines (MU) and Cathay Pacific Airways (CX) have downgraded their first-quarter profit forecasts citing the slowdown of market demand and high fuel prices.
Austrian Airlines (OS) has concluded the planned transfer of the company’s flight operations into its subsidiary, Tyrolean Airways, to take place after July 1, as part of its $220 million restructuring program.
The Qantas (QF) Airbus A380 that had been undergoing major repairs in Singapore since an inflight engine explosion in November 2010 returned to Sydney over the weekend.
Russian Transaero Airline (UN) reported first-quarter net income of RUB15 million ($508,000), reversed from a net loss of RUB381 million ($12.9 million) in the year-ago period.
Lufthansa (LH) is planning to keep capacity flat this year and will phase out its Boeing 737 fleet by 2016 as part of its €1.5 billion cost-cutting measures, Deutsche Lufthansa AG executive board member Carsten Spohr told employees in an internal letter.
All Nippon Airways (ANA) has revised its 2011 full financial year performance forecast upward, citing strong tourism demand and reduced operating expenses.
American Airlines (AA) chairman, president and CEO Tom Horton pushed back against US Airways’ (US) efforts to bring about a merger of the two carriers, telling employees in a Monday letter that “we must be mindful of other parties who don’t have our best interests at heart.”
Hearings got underway Monday in a US bankruptcy court in New York to determine whether American Airlines (AA) will be able to terminate its labor contracts as part of the Chapter 11 restructuring process.
Jakarta-based low-cost carrier (LCC) Mandala Airlines (RI) relaunched operations Thursday with international service from Medan (MES), Indonesia to Singapore after undergoing financial restructuring last year.
US Airways (US) and American Airlines’ (AA) three largest unions reached an agreement Friday that supports a US-AA merger, a major development that threatens to upend AA’s plans to emerge from Chapter 11 bankruptcy restructuring as an independent carrier.
Lufthansa (LH) Group announced Friday it completed the sale of British Midland International (bmi) to British Airways (BA) owner International Airlines Group (IAG).
Mubadala Aerospace has appointed Frederic Dupont as the new head of global sales of its MRO network. Dupont previously served as president and GM of Pratt & Whitney Engine Leasing.
Hawaiian Airlines (HA) flight attendants have ratified a tentative agreement on a new contract that the airline said balances increased compensation for HA’s flight attendants with gains in productivity for the company.
Singapore Airlines’ (SQ) new medium- to long-haul low-cost carrier Scoot is taking off ahead of schedule with its inaugural flight from Singapore (SIN) to Sydney set for June 4, followed by SIN-Gold Coast on June 12.
China Eastern Airlines (MU), which is deepening its cooperation with the Qinghai provincial government, is launching a Xining-Beijing route as part of expansion plans into West China.
Pinnacle Airlines Corp., the Memphis-based parent of regionals Pinnacle Airlines, Colgan Air and Mesaba Aviation, announced Thursday that COO John Spanjers will succeed Sean Menke as CEO, effective June 1.
Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air, earned net income of $40.8 million in the first quarter, a 45% drop from a $74.2 million net profit earned in the year-ago quarter.
Southwest Airlines (SWA), which had warned of a first-quarter loss, posted net income of $98 million for the period, improved over a $5 million net profit in the 2011 March quarter.
