Finnair (AY) downgraded its full-year profit guidance Thursday, predicting the 2011 second half will be “slightly negative,” owing to weak business travel. It had expected to return to profitability by the end of 2011.
Delta Air Lines (DL) and Virgin Australia Group have announced an expanded codeshare agreement on flights between the US and Australia, effective Nov. 6.
The Qantas (QF) Group and Airbus have finalized a contract for 110 A320 family aircraft for QF subsidiary Jetstar in Australia and Singapore and the newly announced Jetstar Japan.
International Airlines Consolidated Group (IAG) on Thursday approved the launch of subsidiary Iberia Express, which will be part of its short- and medium-haul network.
Malev Hungarian Airlines (MA) should not expect further financial help from the Hungarian government owing to 2012 budgetary restrictions, several Hungarian news agencies reported.
British Airways (BA) acquired six daily take-off and landing slots at London Heathrow from British Midland Airlines (bmi), increasing its slot holding at the airport to 44%.
Etihad Airways (EY) reported third-quarter revenue of $1.1 billion, up 39% year-over-year. Passenger revenue was up 32% to $833 million and cargo revenue increased 28% to $168 million.
LAN Airlines said it will appeal some of the requirements set by the Chilean antitrust tribunal TDLC in conditionally approving the carrier's proposed merger with Brazil's TAM under LATAM Airlines Group.
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Cargolux (CV) said it "reached a tentative agreement with Boeing" clearing the way for it to take delivery of the first two 747-8 freighters that it rejected last month and will spell out the details of the accord following an Oct. 7 board of directors' meeting.
Latvian national airline AirBaltic (BT) CEO Bertolt Flick announced Tuesday he will step down as part an agreement reached last week between the carrier’s two main shareholders.
All Nippon Airways (ANA) announced it will supply all 6,000 cabin attendants with iPads, technology it said will “improve the quality of the passenger service offered and raise cabin attendant productivity.”
Philippine Airlines (PAL) told AFP it would temporarily slash flight frequencies over the next two months as part of a cost-saving program that would also eliminate 2,600 jobs. According to AFP, 11 flights to Hong Kong, Bangkok, New Delhi, Macau, Singapore, Los Angeles, Vancouver, Guam, Sydney, Melbourne and Incheon would be affected from Oct. 1, or 12% of the international network. Locally, 30% of flights would be suspended as catering, ground-handling and call center reservations are farmed out to third-party service providers.
