Airlines & Lessors

Scottish regional airline Loganair posted a net profit of £812,000 ($1 million) for the 2018-19 financial year, reversing a previous £7.4 million loss.

The European Commission has approved the proposed merger of Spain’s Air Nostrum and Ireland-based CityJet, a move that brings the creation of what will be Europe’s largest regional airline one step closer.

Vipula Gunatilleka rejoined the oneworld global alliance flag carrier in summer 2018 and became CEO in late 2018. He has a five-year turnaround plan.

Airline industry’s annual CEO gathering confronts tough issues

In a tough business environment, the strong get stronger.

Despite business challenges, North American airlines remain the ones to beat.

A highly competitive market and infrastructure inefficiencies cast their shadows.

Costs and trade tensions weigh down a still fast-growing region.

Government policies are preventing the region’s carriers from thriving.

Gulf carriers face challenges within and outside the region.

Bright spots in a still challenging market.

Air Belgium plans to resume scheduled flights in December with twice-weekly service to two destinations in the French Caribbean.

Alaska Air Group posted second-quarter net income of $262 million, up 36% from $193 million in the year-ago period, as the carrier said it is beginning to see the benefits of the larger network it gained with the acquisition of Virgin America.

Garuda Indonesia has released its restated financial results for 2018, adjusting the slender net profit in its initial report to a substantial loss.

Revenue, expenses, profit/loss and year-over-year comparisons.

Passenger counts, revenue passenger kilometers, load factor and freight ton kilometers with year-over-year comparisons.

2019 World Airline Report - Aircraft fleet and on order

Rankings based on net profit, net loss.

Five best performing in net profit, operating revenue, passengers carried, revenue per kilometer

Ranked by passengers, revenue passenger kilometers and freight ton kilometers.

People-July 25, 2019

Southwest Airlines has pulled its Boeing 737 MAXs through the end of the year and made several tactical changes—including route cuts and major fleet-plan modifications—to help compensate for the model’s prolonged grounding, the carrier said July 25 when announcing its second-quarter earnings.

Ultra-LCC Spirit Airlines reported second-quarter net income of $114.5 million, a nearly tenfold increase over an $11.3 million net profit in the year-ago period, driven by strong demand and ancillary revenue growth.

Despite the Boeing 737 MAX headaches and operational hiccups that American Airlines management said was triggered by both weather and a higher-than-normal number of out-of-service aircraft beyond the MAXs, the Fort Worth-based carrier posted solid 2019 second-quarter numbers.

Wizz Air made a strong start to its financial year, with a combination of firmer fares and the growing number of new-generation aircraft in its fleet, allowing the Central and Eastern European LCC to turn around its financial figures.