Norwegian Air Shuttle reported third-quarter net income of NOK528 million ($89.8 million), up 40.9% over NOK374.8 million earned in the year-ago period.
Cathay Pacific Airways and Dragonair flew a combined 7.92 billion RPKs in September, up 15.2% from the year-ago month. Capacity rose 12.9% to 9.69 billion ASKs and load factor improved by 1.6 points to 81.8%. EasyJet transported 4.77 million passengers in September, up 8% from the year-ago month. Load factor rose 1.2 points to 89.3%.
Southwest Airlines will introduce service to and from South Carolina, the 36th state in its network, with routes from Greenville–Spartanburg and Charleston, beginning March 13. From Charleston, SWA will operate thrice-daily service to Baltimore, twice-daily flights to Chicago Midway, daily service to Nashville and daily flights to Houston Hobby. From Greenville, it will begin twice-daily service to Baltimore, twice-daily to Chicago Midway, daily to Nashville, daily to Houston Hobby and daily to Orlando.
China Southern Airlines earned an estimated net profit for the first nine months of 2010 of CNY5.6 billion ($843 million), a more than fifteenfold year-over-year increase from CNY322 million earned in the year-ago period, according to figures derived from both a CZ filing with the Shanghai Stock Market and estimates made by China International Capital Corp.
Hawaiian Holdings, parent of Hawaiian Airlines, reported its tenth consecutive quarterly profit, posting earnings of $30.5 million for the third quarter ended Sept. 30, down 0.7% compared to earnings of $30.7 million in the year-ago period. The company noted that 2010 third-quarter results were boosted by a lower tax rate and related accrued interest that raised income by $7.1 million. In the year-ago period, the company had an income tax benefit of $13.7 million.
Boeing Company earned $837 million in the third quarter ended Sept. 30, reversing a loss of $1.56 billion in the year-ago period, on higher Commercial Aircraft sales and deliveries in the quarter and generally strong performance across the company's other business units.
American Airlines parent AMR Corp. returned to the black for the first time in three years, reporting third-quarter net income of $143 million, reversed from a $359 million net loss the year-ago period.
US Airways posted third-quarter net income of $240 million, reversed from an $80 million net deficit in the year-ago period, saying the combination of "a modestly improving economy," capacity discipline and "moderate" fuel prices are creating an environment conducive to profitability.
Delta Air Lines kicked off US majors' third-quarter earnings reporting period Wednesday by announcing a $363 million net profit, reversed from a $161 million net loss in the year-ago quarter, and predicted it will achieve its first profitable fourth quarter since 2000.
Boeing Company earned $837 million in the third quarter ended Sept. 30, reversing a loss of $1.56 billion in year-ago period, on higher Commercial Aircraft sales and deliveries in the quarter and generally strong performance across the company's other business units.
Delta Air Lines kicked off US majors' third-quarter earnings reporting period Wednesday by announcing a $363 million net profit, reversed from a $161 million net loss in the year-ago quarter, and predicted it will achieve its first profitable fourth quarter since 2000.
AerCap Holdings announced that Gothenburg-based cargo operator West Atlantic will become the launch operator for the Airbus A320 passenger-to-freighter program by taking an initial three aircraft on lease from AerCap with deliveries between 2012 and mid-2013, with the option of a further four aircraft by 2015. The agreement is subject to finalization of terms and conditions, AerCap said. The aircraft are part of a 2008 passenger-to-freighter conversion project between Airbus Freighter Conversions and AerCap covering up to 30 A320s.
Iran Air said it "may be necessary" to operate its London Heathrow–Tehran flights "with an unscheduled refueling stop at Hamburg or Vienna" owing to "ongoing fuel supply problems at London Heathrow." The statement comes as multiple media outlets report that a number of Western fuel providers are unwilling to conduct business with the carrier following sanctions imposed on the Iranian government earlier this year by the UN, US and EU.
Russia's S7 Airlines plans to buy a mix of up to eight 737-800s and A320 family aircraft in 2011 as part of its fleet modernization program, according to CEO Vladimir Obyedkov. "If the shareholders permit it, we will buy seven or eight aircraft," he told RIA Novosti. He said the 737-800s would operate for S7 subsidiary Globus Airlines while the A320s would join S7's mainline fleet. The carrier currently operates 28 A320 family aircraft, five A310-200/300s and two 767-300s. It also owns several Russian-built aircraft including Tu154s and IL-86s.
US Airways and Mesa Air Group signed a term sheet Tuesday that extends MAG subsidiary Mesa Airlines' contract with US to operate 38 CRJ900s on US Airways Express flights to September 2015. The contract would have expired on June 30, 2012.
Aerolineas Argentinas will sign an agreement by the end of this month "to officially start the process of joining SkyTeam as the first South American member of the airline alliance," SkyTeam said in a statement Tuesday.
Aerolineas Argentinas will sign an agreement by the end of this month "to officially start the process of joining SkyTeam as the first South American member of the airline alliance," SkyTeam said in a statement Tuesday.
Delta Air Lines said 425 furloughed flight attendants have accepted its recall notice ( ATW Daily News, Aug. 23) and will begin working again next year, and CEO Richard Anderson told employees in a widely cited message that "a few hundred" more are needed and will be hired. Including the recalled workers, DL said it plans to have up to 1,000 more flight attendants in 2011 compared to 2010.
Lufthansa said it will operate an average of 12,218 flights per week this winter, up 3.5% from 11,803 flights in last year’s winter period. Beginning Oct. 31, LH will offer flights to 197 destinations in 85 countries, compared to last year’s 191 destinations in 78 countries. The three latest additions to the route network are five-times-weekly Frankfurt–Bogota service using A340-300s and five-times-weekly FRA–Pointe Noire service via Libreville with a wet-leased 737-800. It will also operate twice-daily Munich–Luxembourg service with CRJ700s.
LOT Polish Airlines, which is on track to be privatized next year, is still on Turkish Airlines’ radar regarding a strategic investment, THY Chairman Hamdi Topcu confirmed to ATW last week in Seattle ( ATW Daily News, May 19). THY still has an interest in investing in LOT “but cannot give more details,” he said.
