Embraer earned third-quarter net income of $1.9 million, significantly reduced from a $126.1 million net profit posted in the year-ago period. The Brazilian aircraft manufacturer said the drop was "primarily as a result of deferred income taxes generated by the appreciation of the US dollar during the period."
LOT Polish Airlines’ (LO) first 787 delivery has again been postponed, according to LO CEO Marcin Pirog. "We have recently received new delivery dates. The first 787 will arrive in the fourth quarter of 2012 instead of April 2012,” Pirog told the Polish News Agency PAP last week ( ATW Daily News, Oct. 21). “The next two aircraft are to reach Poland within two months after the delivery of the first one,” PAP reported.
United Continental Holdings (UCH) said Monday its subsidiary Continental Airlines (CO) operated a Boeing 737-800 on a scheduled flight from Houston Intercontinental to Chicago O'Hare using a fuel blend partially comprised of algae-derived biofuel.
Ryanair (FR) reported net profit of €543.5 million ($750 million) in the first half ended Sept. 30, up 20.2% compared to adjusted net profit of €451.9 million in the year-ago period.
CIT Aerospace, the aircraft leasing unit of CIT Group, signed an agreement with Embraer for up to 30 Embraer 190 and/or 195 jets, with 10 firm orders. Deliveries are scheduled through 2015, the manufacturer said.
The Carbon Disclosure Project, operator of the world’s only global climate change reporting system, has commended Finnair for its efforts to substantially reduce greenhouse gas emissions.
International Airlines Group (IAG) on Friday reported a 26.2% drop in third-quarter consolidated net profit to €267 million ($367 million), compared to €362 million earned in the year-ago period. It cited increases in fuel costs for the decline.
Aer Lingus Group (EI) reported a third-quarter operating profit of €94.5 million ($130 million), after exceptional items, up 14.1% from €82.8 million earned on an operating basis in the year-ago period.
Air Berlin (AB) announced Helmut Himmelreich has been named COO, replacing Christoph Debus, who is leaving the company Dec. 31. Himmelreich is former AB chief maintenance officer. Longtime AB Technik management board member Marco Ciomperlik will replace Himmelreich.
Munich Airport (MUC) suffered heavy traffic delays Thursday after a Singapore Airlines (SIA) Boeing 777-300ER slid off the southern runway just after landing.
Asia Pacific airlines sustained growth in international passenger traffic during September, but international cargo declined, according to figures released Nov. 3 by the Assn. of Asia Pacific Airlines (AAPA).
Singapore Airlines (SIA) Group posted a net profit of S$238.9 million ($187.6 million) for its fiscal-year first half ended Sept. 30, down 62% from net income of S$632.7 in the year-ago period.
EasyJet (U2) said its new base at Lisbon airport (LIS) will officially open April 19 with two permanently based Airbus A319s and five new services to Amsterdam, Bordeaux, Copenhagen, Venice and Asturias.
Air France (AF) expects to operate a full schedule Thursday, following five days of disruptions owing to strike action called by some of the unions representing its cabin crew.
Financially troubled Air Berlin (AB) said it is in talks with Boeing and Airbus to delay aircraft deliveries as part of its Shape and Size cost-cutting program.
Hong Kong-based Cathay Pacific Airways (CX) has taken delivery of its first Boeing 747-8 freighter, making it the first carrier in Asia/Pacific region to operate the aircraft.
Surging costs sent Utah-based SkyWest Inc.'s third-quarter net earnings tumbling to just $116,000, significantly lower than the $25.5 million net profit it posted in the year-ago period.
Turkish Airlines (TK) CEO Temel Kotil told ATW in Istanbul that TK's hub at Istanbul Ataturk, which handles about 32.9 million passengers per year, is too small and has hindered the carrier's growth strategy. Kotil said TK already occupies "75% of the airport capacity," adding, "Experts say in five years from now [a] new airport will be ready." He said the final location for the new airport will be selected soon and construction is likely to begin by year end.
Ryanair (FR) will set up a base at Karlsruhe Baden-Baden (FKB) in March with two Boeing 737-800s, despite its strong criticism of the German government’s eco-tax.
A LOT Polish Airlines (LO) Boeing 767 originating from Newark made an emergency landing Tuesday at Warsaw Chopin Airport (WAW) following a central hydraulic system failure.
