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.
American Airlines (AA) parent AMR Corp., which is restructuring via the Chapter 11 bankruptcy process, incurred a $1.66 billion net loss in the first quarter, according to a filing Thursday with the US Securities and Exchange Commission (SEC).
Air Berlin (AB) CEO Hartmut Mehdorn has strongly criticized the North Rhine-Westphalia (NRW) state government’s decision to ban passenger flights between the hours of 11 p.m. and 5 a.m. at Cologne/Bonn (CGN).
Royal Jordanian (RJ) president and CEO Hussein Dabbas has announced he will step down June 1, according to multiple media sources. Dabbas was promoted from VP-marketing, sales and services in August 2009, replacing president and CEO Samer Majali.
Brazil’s GOL has received an $84.8 million loan guarantee from the US Export-Import Bank (Ex-Im) to support the export of its engine maintenance services to Delta TechOps in Atlanta.
The latest Boeing 787 to be received by All Nippon Airways (ANA) was partially powered on its delivery flight Tuesday by biofuel, marking the first time a Dreamliner has used alternative fuel.
Garuda Indonesia (GA) and Auckland International (AKL) have signed a memorandum of understanding (MOU) to explore the reopening of direct service from Indonesia to AKL.
Porter Airlines (PD) on Tuesday conducted Canada’s first biofuel-powered revenue flight, operating a Bombardier Q400 between Toronto City Centre and Ottawa using a 50:50 blend of biofuel and Jet A1fuel in one of its engines.
Qantas (QF) and SkyNRG operated Australia’s first commercial biofuel flight April 13 between Sydney and Adelaide. The flight, using an Airbus A330, used a 50:50 blend of biofuel derived from used cooking oil and conventional jet fuel, QF said in a statement. The fuel, supplied by SkyNRG, has been fully certified for use in commercial aviation. Its life cycle carbon footprint is around 60% smaller than that of conventional jet fuel.
Panama-based Copa Airlines (CM) will introduce Iquitos (IQT) into its route network July 14, with two nonstop weekly services out of its Panama City (PTY) hub.
Finnair (AY) said last week it will cut 280 maintenance jobs as it outsources engine and component services to Swiss SR Technics in a further move to cut costs.
Chengdu-based Sichuan Airlines (3U) is accelerating the pace of its international expansion as Chengdu Shuangliu (CTU) moves forward with plans to become China’s fourth busiest international hub.
Qantas (QF) launched Australia’s first commercial biofuel flight Friday, operating an Airbus A330 between Sydney and Adelaide using a 50:50 blend derived from used cooking oil and conventional jet fuel.
Virgin Atlantic Airways (VS) will appeal the European Commission’s (EC) decision to allow British Airways’ (BA) parent International Airlines Group (IAG) to take over debt-racked British Midland International (bmi).
Transaero Airlines (UN) signed an agreement with the Russian Development Bank’s VEB-leasing to finance four Airbus A380s from an October 2011 memorandum of understanding.
China Southern Airlines (CZ) expects its first-quarter net profit to drop by more than half compared to the CNY1.24 billion ($190 million) reported in the year-ago quarter.
EgyptAir (MS) has reported a 2011 decrease in profit to $12 million, down 75% year-over-year. The carrier, which had been in the middle of an expansion year, cited the civil unrest in Cairo and other parts of Egypt as reasons for the results.
The Indian government said Thursday it will invest INR300 billion ($5.76 billion) through 2020 to restructure struggling Air India (AI), including an immediate INR67.5 billion ($1.3 billion) injection.
AFI KLM E&M has promoted Ron de Bos head of sales in North America. De Bos joined KLM E&M in 1995 as a purchasing unit manager, and from 2008-2012 served as director-integrated services. AirVault named former TIMCO chairman, president, and co-CEO Ronald Utecht to the AirVault Advisory Board. It also named former Boeing Shanghai Aviation Services VP and CEO James Brunke to the advisory board.
