In September, rows of passenger seats came loose on three separate American Airlines’ Boeing 757 flights. For the airline, which this month will hit the one-year mark of its Chapter 11 bankruptcy restructuring, the incidents proved a bit too symbolic.
Abu Dhabi-based Etihad Airways (EY) has been forced to postpone the launch of flights to Addis Ababa, which were scheduled Nov. 2, until further notice.
EasyJet (U2) has been awarded rights to operate between Milan Linate (LIN) and Rome Fiumicino (FCO), bringing to an end Alitalia’s (AZ) monopoly on this key Italian route.
International Lease Finance Corp. (ILFC) has reached an agreement with Fort Lauderdale, Fla.-based Spirit Airlines for the lease of five Airbus A320neo aircraft.
Fort Lauderdale, Fla.-based low-cost carrier (LCC) Spirit Airlines (NK) reported net income of $30.9 million for the third quarter, up 11.7% from the $27.7 million earned in the third quarter 2011.
All Nippon Airways (ANA) reported net income of ¥36.9 billion ($463.4 million) for the first half of its 2012 fiscal year started April 1, up 61.6% over a net profit of ¥22.8 billion in the first six months of FY2011, as revenue lifted 6.9% to ¥753.2 billion.
Air France-KLM (AF-KLM) reported a nine-month net loss of €957 million ($1.2 billion), widened 74% against a €550 million loss for the comparable period in 2011, due primarily to restructuring charges.
Air France (AF) is pursuing Airbus for lost revenues following a number of technical issues with its Airbus A380 fleet, including those related to wing cracks.
Virgin Group chairman Richard Branson has indicated that Virgin Atlantic Airways (VS), long known for its independent streak, is closing in on a decision to join a global alliance.
The Stockholm Stock Exchange has halted the trade in shares of SAS Scandinavian Airlines after rumors in the media over the company’s financial situation, an SAS spokesperson confirmed to ATW.
Abu Dhabi-based Etihad Airways (EY) has signed a firm order for two additional Airbus A330-200 passenger aircraft as part of the carrier’s continued growth plans.
Virgin Australia (DJ) has acquired 60% of Tiger Airways Australia (TT), 100% of Australian regional Skywest Airlines (XR) and has sold a 10% stake to Singapore Airlines (SIA).
TNT Express is preparing to sell a majority shareholding in its TNT Airways (3V) subsidiary, if its planned merger with United Parcel Service (UPS) receives the go-ahead.
Lufthansa (LH) has ended its cooperation with regional partner Augsburg Airways (IQ) from October 2013, as part of its €1.5 billion cost-cutting program SCORE.
