EasyJet founder and shareholder Stelios Haji-Ioannou plans to lodge a token vote against the re-election of easyJet chairman John Barton, putting pressure on management to pace growth and maximize shareholder returns.
UK transport and infrastructure investor Stobart Group has provided £9 million ($12 million) in additional funding to cash-strapped UK regional airline Flybe, blaming delays in securing EU competition clearance as contributing to the airline’s current plight.
With positive operational tailwinds and asset disposals in 2019, China’s Hainan Airlines announced in a stock announcement that it is expecting an estimated net profit between CNY450 million ($65.2 million) and CNY675 million for fiscal 2019, reversing the CNY3.6 billion loss it made in 2018.
A strong finish to 2019 helped United Airlines realize its 2020 earnings target a year ahead of schedule, as favorable demand and fuel trends continued to offset added costs from the Boeing 737 MAX grounding.
UK budget carrier easyJet said it expected its revenue per seat to increase more than previously expected in the first half of fiscal 2020, based on ticket sales for the period ahead of last year’s level.
Alitalia’s special commissioner has told the Italian senate he wants to reorganize the struggling airline’s business structure by the end of May, Italian media reported Jan. 21.
Mexican value airline Interjet is making a push into the U.S. transborder market just as its domestic rivals have determined capacity on those routes has rationalized.
Delta Airlines CEO Ed Bastian said management expects delivery of 80 new aircraft in 2020, as the Atlanta-based carrier looks to replenish its aging fleet of more than 900 aircraft.
Singapore Airlines (SIA) and All Nippon Airways (ANA) are holding discussions regarding a potential joint venture agreement between the two carriers, according to two major Asian media outlets.
While Air France-KLM appears to have held discussions with Malaysia Airlines’ owners, it has rejected speculation that it is bidding to buy a major stake in the Malaysian carrier.
South African Airways (SAA) is disposing of nine Airbus A340s, as part of its switch to more fuel-efficient A330s and A350-900s to contain its operating costs.
JetBlue Airways notified the U.S. Department of Transportation (DOT) on Jan. 16 it will return over a dozen frequencies to Havana that it received in 2016, following moves by the government that further restricted air travel to Cuba.
China Southern Airlines plans to fly Airbus A380s daily between Beijing Daxing International and London Heathrow airports beginning June 18, adding 43% to the seat capacity between the cities.
Saudi Arabian hybrid carrier Flynas plans further expansion in the Indian subcontinent, the Caucasus and Central Europe in 2020, as its passenger volume continues to grow.