United Parcel Service (UPS) last week reported first-quarter net income of $970 million, up 6% from a net profit of $915 million in the year-ago period, on a 4.4% increase in revenue to $13.14 billion.
China Eastern Airlines (MU) placed an order for 20 Boeing 777-300ERs in an order worth $5.94 billion at list prices, according to the carrier’s statement released by Shanghai Stock Exchange.
Republic Airways Holdings (RAH), parent of Chautauqua Airlines, Frontier Airlines (F9), Republic Airlines and Shuttle America, posted a net loss of $7.1 million in the first quarter 2012, narrowed from a $22.4 million net loss in the year-ago period.
Austrian Airlines (OS) has struck a tentative agreement with pilots and flight attendants that could head off OS plans to shift their contracts to subsidiary Tyrolean with less generous terms, according to an internal joint email from the OS management and union Betriebsrat Bord received by ATW.
Las Vegas-based Allegiant Travel Company, parent of Allegiant Air (G4), reported earnings of $21.7 million for the first quarter, up 26.5% compared to $17.2 million in the year-ago period.
JetBlue Airways (B6) posted a $27 million year-over-year increase in net income to $30 million for the first quarter, up from $3 million in the year-ago quarter.
Norwegian Air Shuttle (DY) reported a first-quarter net loss of $49.8 million, a slight improvement on its loss of $51 million for the year-ago period.
Air China (CA) and China Southern Airlines (CZ) saw their first-quarter income plunge due to high fuel prices and the slowing of yuan appreciation, according to carrier statements released by Shanghai Stock Exchange.
United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period.
International Lease Finance Corp. (ILFC) and its parent American International Group (AIG) have filed a civil lawsuit in a Los Angeles court against Air Lease Corp. (ALC) and its chairman and CEO, Steven Udvar-Hazy, as well as a number of other top ALC executives, seeking damages that it said may reach “several hundreds of millions” of dollars “or more.”
Boeing earned a net profit of $923 million in the first quarter, up 58% over $586 million in net income in the prior-year period, on a 30% jump in revenue to $19.38 billion.
US Airways (US) reported first-quarter net income of $48 million, reversed from a net loss of $114 million in the prior-year period, though it conceded that was in the red excluding special items.
Universal Avionics has appointed Robert Randall to OEM sales manager. Randall began his career with Universal Avionics in September 2008 as Midwest regional sales manager. MTU Maintenance Zhuhai has named Frank Bodenhage president and CEO, and Holger Sindemann to MD and SVP of MTU Maintenance Hannover. Bodenhage joined MTU Maintenance Zhuhai in 2006 as COO.
China Eastern Airlines (MU) and Cathay Pacific Airways (CX) have downgraded their first-quarter profit forecasts citing the slowdown of market demand and high fuel prices.
Austrian Airlines (OS) has concluded the planned transfer of the company’s flight operations into its subsidiary, Tyrolean Airways, to take place after July 1, as part of its $220 million restructuring program.
The Qantas (QF) Airbus A380 that had been undergoing major repairs in Singapore since an inflight engine explosion in November 2010 returned to Sydney over the weekend.
Russian Transaero Airline (UN) reported first-quarter net income of RUB15 million ($508,000), reversed from a net loss of RUB381 million ($12.9 million) in the year-ago period.
