Pinnacle Airlines Corp., the Memphis-based parent of regionals Pinnacle Airlines, Colgan Air and Mesaba Aviation, reported a third-quarter net loss of $3.5 million, down from a net profit of $9.4 million in the year-ago quarter.
Lufthansa (LH) announced it is investing €60 million ($81 million) to increase its presence at the new Berlin Brandenburg Airport (BER), which is expected to open June 3, 2012 ( ATW Daily News, Oct. 18). LH destinations from BER will increase from eight to 38 starting from summer 2012. New routes will include mostly European and two Middle East destinations. LH’s dedicated BER-based fleet will increase from nine to 15 A320 family aircraft, resulting in 40% more ASKs.
Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), posted third-quarter net income of $70.3 million, nearly on par with a $71.5 million net profit earned in the prior-year period.
FlyNiki founder Niki Lauda has resigned as CEO of the Austrian airline and has been appointed to the Air Berlin (AB) administrative board as non-executive director.
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As the airline industry continues to battle wild market swings, Southwest Airlines has been among the most resilient of carriers thanks to its low cost structure and strategic long-term planning. Its CFO sat down with Air Transport World sister-publication Business Finance to discuss the merger with AirTran Airways, the volatility of oil prices and planning for the unthinkable.
Baltic Aviation Systems (BAS), a minority shareholder of troubled Air Baltic, has made a bid for the finally troubled state-owned JAT Airways (JU) after the Serbian government extended the deadline through Oct. 31 ( ATW Daily News, Oct. 11).
Atlas Air Worldwide Holdings (AAWH) reported a third-quarter net income of $28.2 million, down 16.6% compared to a $33.8 million net profit earned in the year-ago period. But the company, the parent of Atlas Air and Polar Air Cargo, believes its prospects have brightened with its first Boeing 747-8 freighter joining its fleet last week.
Southwest Airlines (SWA) on Monday announced its pilots, represented by the Southwest Airlines Pilots’ Assn. (SWAPA) and Air Tran pilots, represented by the Air Line pilots Assn. (ALPA), have ratified a seniority integration agreement. The agreement combines the merging airlines' pilot seniority lists.
Transaero Airlines (UN) signed a memorandum of understanding (MOU) with Boeing for four 747-8 Intercontinental aircraft, making it the first customer in Russia, the CIS and Eastern Europe for the passenger version of 747-8.
Air Macau (NX) has received a MOP700 million ($89 million) capital injection from the Macau local government by selling its 420,420 new shares for the carrier’s fleet expansion in the next two or three years.
H+S Aviation, a BBA Aviation Engine Repair and Overhaul (ERO) company, has named Graham Evitt as Rolls-Royce M250 regional sales manager-Europe. Evitt joined H+S Aviation in 1990 after spending 16 years as an aircraft engineer with the British Royal Navy. Monarch Aircraft Engineering has appointed Lee Burgess as head of sales and capacity planning, responsible for the acquisition and development of new business. Lee joined Monarch in 1988 and joined the management team in 2006.
WheelTug and EL AL Israel Airlines (LY) on Monday announced a Letter of Intent (LOI) under which LY will “obtain a substantial part of the initial production of WheelTug Aircraft Drive Systems for Boeing 737NG aircraft for installation on their own aircraft subject to financial and operational feasibility checks and regulatory approvals.” LY is the launch customer for the system.
Asiana Airlines (OZ) will expand its long-haul routes and focus on becoming a world top 10 carrier by 2015, according to the South Korean carrier’s senior VP, strategic planning. Speaking in Seoul Nov. 4 at the Assn. of Asia Pacific Airlines annual meeting, Kim Ebae said its fleet would grow from 71 aircraft this year, to 83 in 2013 and 88 in 2015. ATKs would increase by 5% this year, 14% in 2013 and 25% in 2015, he said.
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.
