Lufthansa Cargo (LHC) said the German regional court ruling halting night flights from its Frankfurt Airport (FRA) cargo hub would cost the carrier “double digit million of euros” in rescheduled flights and lost customers.
Norwegian Air Shuttle (DY) reported third-quarter consolidated net income of NOK494.9 million ($88.3 million), down 6.3% from NOK528.1 million in the year-ago period when earnings were affected by a currency gain of NOK172 million not related to the operation.
Owing to $227 million in unrealized, noncash fuel hedging mark-downs, Southwest Airlines (SWA) incurred a third-quarter net loss of $140 million, reversed from a $205 million profit in the year-ago period.
Malaysia Airlines Group (MAS) has launched a network rationalization program with its subsidiary, Firefly, which will now serve short-haul turboprop routes.
Aegean Airlines (A3) said it is “adapting and changing to the difficult Greek environment” and vows it will not relinquish its high-quality service approach.
Hawaiian Airlines’ (HA) parent Hawaiian Holdings said its third-quarter net income dipped 15.9% year-over-year to $25.6 million on a 29.5% lift in revenue to $455.9 million.
American Airlines (AA) parent AMR Corp. did little to mitigate concerns about its financial health when it reported a third-quarter net loss of $162 million Wednesday.
In a major blow to Boeing, China Eastern Airlines (MU) has ordered 15 Airbus A330s. The new order became apparent in the same Hong Kong regulatory filing in which MU revealed it was canceling an order for 24 Boeing 787s.
China Eastern Airlines (MU) has canceled an order for 24 Boeing 787s and replaced it with an order for 45 737s, citing delivery delays and a weakening economy, it was reported Monday afternoon.
Thai Airways International (TG) acquired an additional 10% stake in Nok Air (DD), lifting its holding in the low-cost carrier to 49%, according to a statement to Thailand’s stock exchange. With a 49% share, TG has five out of nine directors on DD’s board, compared to four previously, giving it greater control over DD’s strategy.
American Airlines (AA) said it will relocate approximately 230 Maintenance Operations Center (MOC) employees from Tulsa, Okla. to Dallas/Ft. Worth Systems Operations Control (SOC) Center.
Sky Express, Russia’s first low-cost carrier (LCC), will lose its air operator’s certificate (AOC) and operate under a new single AOC with Russian regional carrier Kuban Airlines.
A Qantas (QF) Boeing 747-400, en route from Bangkok to Sydney on Sunday, returned to Bangkok an hour into the flight following the contained failure of one of its Rolls-Royce RB211 engines. There were no injuries among the 356 passengers and crew.
Chinese carriers reported an aggregate profit of CNY3.7 billion ($582 million) in September, a 38.8% drop compared to total net income of CNY6.04 billion in the year-ago period.
LAN Airlines announced an increase of 11.1% passenger boardings in September, with a 10.4% increase in ASKs and load factor going up 0.5 percentage points to 80.3%.
Illinois-based AAR Corp. has acquired London-based aircraft component repair management services provider Airinmar Holdings, which will become a part of AAR's aviation supply chain unit.
