Latvian hub-and-spoke carrier airBaltic will retain four Boeing 737s for summer 2020, delaying a planned November 2019 phaseout following Estonian rival Nordica’s decision to withdraw from its own scheduled services.
The CEO of Kuwaiti LCC Jazeera Airways believes the low-cost model has huge potential in the Middle East, as many of the region’s airlines are failing to grasp opportunities in the market.
China Eastern Airlines posted a first-half net income of CNY2 billion ($28 million), down 14.8% from CNY2.35 billion in the year-ago period, as increased fuel costs, fluctuating currency rates and global trade disputes increased expenses.
Global demand for air freight dropped 3.2% in July, marking the ninth consecutive month of year-on-year (YOY) volume declines as weak global trade and the intensifying trade dispute between the US and China take their toll.
Emirates Airline is in a stronger position than a year ago despite the macroeconomic and geopolitical challenges it faces in the marketplace, president Tim Clark said at the World Aviation Festival in London Sept. 5.
Colombia’s Avianca Holdings has received a short-term loan of $50 million from Kingsland Holdings, which is expected to strengthen the company’s working capital position while executing its debt re-profiling.
Emirates Airline has promoted two long-time management team members to top leadership positions as president Tim Clark indicated he will stay in his position for longer.
Delta Air Lines continues to see strong demand into the fall and is confident it will hit its third-quarter guidance, although cost pressures are increasing.
Cathay Pacific Airways chairman John Slosar has announced he will step down in November, as the Hong Kong-based carrier faces further leadership changes.
After more than two decades at the head of Ireland-based LCC Ryanair, Michael O’Leary has exchanged his role as CEO of the airline for a similar position at parent company Ryanair Holdings.
Norwegian Air Shuttle is moving ahead with proposals to ensure sufficient liquidity over the coming winter and has asked bondholders for an extension by around two years to repay $380 million in outstanding debt.
Aigle Azur has been placed in receivership and is open to offers from potential buyers, but operations are set to continue as the airline seeks to secure its future.
Cathay Pacific Airways is implementing new inspection protocols and taking some staff off flight duties as the Hong Kong-based carrier continues to investigate how oxygen bottles were emptied on three aircraft in recent weeks.
Chinese LCC Spring Airlines again posted strong double-digit net profit growth, earning CNY854 million ($119.3 million) in the 2019 first half, 17.5% year-on-year (YOY) increase.
China’s Hainan Airlines Group earned CNY503 million ($70 million) for the first six months of 2019, boosted by large non-recurring revenue from activities such as asset sales.
Air China saw its net profit shrink 9.5% to CNY3.1 billion ($451 million) in the 2019 first half. After factoring non-recurring gain and losses, net profit stood at CNY3 billion, down 3.5% year-over-year (YOY).
Kenya Airways has posted a KES8.6 billion ($83 million) interim net loss for the first six months of 2019, double the KES4 million net loss for the same period in 2018.
Scandinavian Airlines (SAS) is working to reduce its negative carbon footprint with more fuel-efficient aircraft, president & CEO Rickard Gustafson said as the company delivered what he called “disappointing” third-quarter results.
