British Airways' and Iberia's stock stopped trading Friday as the BA-IB merger officially took effect, to be replaced in both the London and Madrid markets by International Airlines Consolidated Group stock on Monday.
Mesa Air Group's restructuring plan was approved by a US bankruptcy court in New York last week, and the regional airline company said it will exit Chapter 11 protection next month.
ANA outlined its fleet plan for its fiscal year starting April 1, noting that the delayed delivery of the Boeing 787 is forcing it to place additional 767-300ERs on international routes and 737-800s on domestic routes. For the year, it is slated to take delivery of four 767-300ERs while retiring one 767-300 that had been used for domestic flying; take delivery of two 737-800s while retiring four Airbus A320-200s and two 737-500s; and receive three Bombardier Q400s while retiring two Q300s.
American Airlines and United Airlines this week filed a lawsuit in Illinois to stop the City of Chicago from moving forward with the second phase of Chicago O'Hare expansion, arguing that the city government failed to get clearance from the carriers before approving $3.4 billion in modernization projects at the busy airport.
Kazakhstan's Air Astana said it posted an unaudited, pre-tax profit of $96.4 million in 2010, more than double a $47 million profit in 2009 that had been a company record. Full-year revenue was $656 million, up 20.1%.Passengers carried lifted 13% to 2.57 million on an 8% increase in capacity.
Alitalia executives said the airline is putting its troubled past behind and is starting off 2011 by continuing to improve its customer service image and renewing its aging fleet.
Southwest Airlines posted net income of $459 million for 2010, more than quadrupling a $99 million profit in 2009, marking the LCC's 38th consecutive year in the black.
Lufthansa said Wednesday it has reached a mediated settlement with the UFO union representing 16,000 flight attendants, that includes a 22-month pay freeze retroactive to March 2010 and concluding in December 2011 and significant improvements in working conditions. According to an LH statement, the pay accord is to "be extended and the collective wage agreement redefined." LH said the new collective bargaining agreement is in effect until Feb. 28, 2014.
Air China projected it will earn a net profit of more than CNY10 billion ($1.51 billion) for 2010, doubling its net income of CNY5.03 billion in 2009, according to a filing released by the Shanghai Stock Exchange.
SkyTeam said Wednesday that Lebanon's Middle East Airlines will sign an agreement on Feb. 28 "to officially start the process" in 2012 to become a member of the alliance.
American Airlines parent AMR Corp. on Wednesday reported a 2010 net loss of $471 million, narrowed from a net deficit of $1.47 billion in 2009, and also announced an order for two Boeing 777-300ERs for delivery in late 2012.
SkyTeam said Wednesday that Lebanon's Middle East Airlines will sign an agreement on Feb. 28 "to officially start the process" in 2012 to become a member of the alliance.
Korean Air unveiled its initial Airbus A380 service schedule, saying it will launch daily short-haul flights from Seoul Incheon to Tokyo Narita and Hong Kong June 1. It will add Bangkok in July. Regarding long-haul routes, it will launch A380 flights from ICN to New York JFK from Aug. 2 and from ICN to Los Angles starting Oct. 1. The carrier is slated to take delivery of five A380s this year.
Virgin America placed a firm order for 60 Airbus A320s including 30 A320neos, marking the first firm order for the re-engined narrowbody offering. Indian LCC IndiGo last week signed an MOU with Airbus to place an order for 180 A320s including 150 A320neos ( ATW Daily News, Jan.12).
ATW named Emirates Airline as its Airline of the Year for 2011, citing its strong commitment to safety and operational excellence, its trendsetting customer service and its superb financial performance including a 22-year consecutive annual profit streak.
Delta Air Lines posted 2010 net income of $593 million, a major reversal from a $1.24 billion net loss in 2009, but warned that a "hyped" fuel cost environment in which per barrel crude oil prices continue to exceed $90 poses a challenge to profitability going forward.
Southwest Airlines this month commenced Required Navigation Performance procedures for approaches at 11 airports, asserting that "these new efficient flight procedures and enhanced avionics" will save the LCC $16 million annually. The airports at which SWA is inaugurating RNP are Amarillo, Birmingham, Boise, Corpus Christi, Los Angeles, Chicago Midway, Oakland, Oklahoma City, West Palm Beach, Raleigh-Durham and San Jose.
