All European airlines have been caught in the eye of the economic storm, but smaller carriers are finding the turbulent market conditions harder to weather than their larger counterparts. This is illustrated in a recent study by Hamburg-based aviation consultancy firm Prologis that revealed a third of Europe’s regional airlines have disappeared over the last five years, with the number of carriers tumbling from 195 to just 130 since 2008, resulting in 12,000 job losses.
Like the music after which it is named, Canada’s largest regional airline is versatile and adaptable, operating a diverse fleet of aircraft on one of the more distinctive route networks in the world. Flying as far south as US cities Houston and New Orleans and as far north as remote Canadian destinations Whitehorse, Yellowknife and Goose Bay, Jazz Aviation contends with a wide range of operating environments and serves a varied mix of passengers.
Japan Airlines (JAL) reported net income of ¥171.6 billion ($1.75 billion) for its full fiscal year ended March 31, down 8% from a net profit of ¥186.6 billion in the prior fiscal year, and said Tuesday that 787 service will resume June 1.
Turkish low-cost carrier (LCC) Pegasus Airlines has floated 34.5% of its share capital on the Istanbul stock exchange, completing its long-awaited initial public offering (IPO).
Thomas Cook Group—which detailed plans in February to reorganize its Belgian, German and UK airlines—has announced it will merge Frankfurt-based Condor Flugdienst GmbH and its wholly owned subsidiary Condor Berlin GmbH.
China Southern Airlines reported a net profit of CNY57 million ($9.16 million) in the first quarter, down 82% compared to net income of CNY319 million in the year-ago quarter.
Ethiopian Airlines resumed Boeing 787 Dreamliner service Saturday with a flight from Addis Ababa to Nairobi, making it the first carrier to relaunch 787 flights since the aircraft was grounded in January.
Finnair reported a first-quarter loss of €15.8 million ($20.6 million), an 18.3% improvement on the €19.3 million loss recorded in the year-ago period.
United Airlines has put in place a set of initiatives to save 85 million gallons of fuel in 2013, equivalent to 828,750 metric tons of CO2 or roughly $275 million at current fuel prices.
All Nippon Airways (ANA), the Boeing 787 launch customer and largest Dreamliner operator with 17 in its fleet, will conduct a 787 proving flight Sunday, an initial step toward resumption of commercial flights with its 787s.
