Airlines will manage the capacity spike that the Boeing 737 MAX’s return will create, helped in part by what is shaping up to be a phased return, AerCap CEO Aengus Kelly said.
Philippine Airlines Holdings’ (PAH) newly appointed president and COO, Lucio Tan Jr., passed away suddenly Nov. 11 after collapsing during a basketball match on Nov. 9.
Alaska Air Group has announced a series of leadership changes, splitting the president and COO role at Alaska Airlines and naming a new president to the group’s regional subsidiary Horizon Air.
British Airways parent company International Airlines Group (IAG) is cutting planned capacity growth by more than half over the next three years and taking over responsibility for many of its airline unit corporate functions.
Jazeera Airways increased its net profit for the first nine months of 2019, as the hybrid carrier said it continues to expand its network based on “solid” operations.
Singapore Airlines (SIA) hopes to reap more ancillary revenue from its digital services, namely the KrisFlyer membership program and the KrisShop e-commerce platform, as the company nears the end of its three-year transformation plan.
Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months and warned of a possible loss for the financial year.
Swiss International Air Lines (SWISS) posted adjusted earnings before interest and tax (EBIT) of CHF490 million ($493.5 million) for the first nine months, down 11% from CHF549 million a year ago.
Faced with declining profit margins, Lufthansa Group is making cuts to fleet investments, and accelerating aircraft retirements and cost reduction measures.
Emirates Airline saw its net profit nearly quadruple in the first half of its financial year, but warned that stiff competition would put pressure on the aviation industry in the second half.
Norwegian Air Shuttle has raised NOK2.5 billion ($273 million) through a share sale and bond issue, leaving it “fully funded through 2020 and beyond,” the LCC said.
Virgin Australia has announced significant network cuts and the retirement of more of its older aircraft as the company makes adjustments in an effort to improve its financial health.
Singapore Airlines (SIA) Group reported a 5.1% net income gain for the half-year ended Sept. 30, but widened losses at its subsidiaries kept the improved financial performance in check.
The Vietnam Airlines group announced a net profit before tax (PBT) of VND3.3 trillion ($142 million) for the first nine months of 2019, up 35.7% year-on-year (YOY), which accounts for 97.9% of the carrier’s annual target.
Air Astana’s LCC FlyArystan carried more than 455,000 passengers during its first six months of commercial operations and is setting its sights on continued growth.
Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year.
