The UK’s Virgin Atlantic Group, which includes Virgin Atlantic Airways (VS), recorded an operating loss of £80.2 million ($120.3 million) for the 2011-12 financial year, compared to an £18.5 million operating profit for the preceding year.
Sharply increased half-year losses at International Consolidated Airlines Group (IAG) have led chief executive Willie Walsh to warn of imminent major restructuring at subsidiary Iberia (IB) to correct “deep and structural” problems. Redundancies were inevitable, he said.
Japan’s All Nippon Airways (ANA) has reported a first-quarter net profit of ¥0.6 billion ($7.54 million), reversed from a net loss of ¥8.4 billion in the year-ago period.
Swiss International Air Lines (LX) reported its first-half profit dropped 53% to CHF61 million ($63.8 million) compared to CHF129 million in the year-ago period.
Russian airlines carried 32 million passengers during the first half, a 17% increase over the year-ago period, Russian Federal Air Transport Agency/Rosaviatsia said in a statement.
Japan Airlines (JAL) has reported a first-quarter net income of JPY26.9 billion ($343.5 million), more than twice the net income of JPY12.7 billion in the year-ago quarter.
El Al Israel Airlines has finalized an order for two additional Boeing 737-900ERs, adding to a previously announced order in March 2011, bringing its total order of the type to six.
SkyWest Inc., the parent of St. George, Utah-based SkyWest Airlines and Atlanta-based ExpressJet Airlines, said it has “reached an understanding” with Delta Air Lines (DL) enabling it to take delivery 34 Bombardier CRJ700s/900s while removing 66 older CRJ200s from its fleet.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air (G4), reported earnings of $25.2 million, more than doubling its year-ago net income of $11.9 million.
The central government of Uruguay confirmed to local media that it used money from a $300 million passenger protection fund to aid stranded Pluna Lineas Aereas Uruguayas (PU) passengers after the airline was liquidated earlier this month
Russia’s Irkut Corp. has elected United Aircraft Corp. (UAC) SVP Oleg Demchenko as its president and chairman following the early resignation of Alexey Fedorov, UAC said in a statement.
After five consecutive quarters of losses, India’s second largest low-cost carrier SpiceJet (SG) posted a profit of INR561.2 million ($10.2 million) for the first quarter ended June 30, compared to a loss of INR719.6 million in the year-ago period.
Spanish low-cost carrier (LCC) Vueling (VY) posted a second-quarter net profit of €7.7 million ($9.5 million), more than double the €3.6 million it earned in the same quarter last year.
Republic Airways Holdings Inc. (RAH) reported second-quarter net income of $20 million compared to a $14.9 million loss in the year-ago period for business segments Republic Airlines (RW) and Frontier Airlines (F9).
Calgary-based low-cost carrier WestJet (WS) reported second-quarter net income of C$42.5 million ($42.4 million), up 65.9% over a C$25.6 million net profit in the prior-year period.
Kuwait-based Jazeera Airways Group recorded a half-year net profit of KD3.8 million ($13.5 million), up 21.8% year-over-year, despite continuing unrest in the region.
Privately owned Bahrain Air (BN) said it is recovering from last year’s Middle East disturbances with a jump in traffic for the second quarter compared to the same period last year.
Tianjin-based Okay Airways (OKA) is seeking approval from the Civil Aviation Administration of China (CAAC) to launch a new regional carrier—to be named Longjiang Airlines—with the Heilongjiang local government, as it explores the regional market in Northeast China.
Embraer reported second-quarter net income of $54.3 million on revenues of $1.7 billion, down from $204.7 million in net income in the prior-year period.
