Irish LCC Ryanair will shrink or close poorly performing bases and cut staff as a direct result of the lack of Boeing 737 MAX deliveries, the company said July 16.
Vietnam Airlines reported a VND1.8 trillion ($77.5 million) pre-tax profit for the first half of 2019, up 21.8% year-over-year (YOY) and 13.6% above its planned profit.
About three months after Icelandic ultra-LCC WOW Air ceased operations, two former managers of the airline and an investment fund plan to establish a new LCC in the country, according to news reports.
Alaska Airlines and Spirit Airlines delivered largely encouraging updates on projected second-quarter results, providing more evidence that the US market is strengthening as it hits peak summer.
A strategic investor could still take over Thomas Cook Group’s airline division even after the tourism company agreed with banks, bondholders and Chinese shareholder Fosun Tourism Group on the basic terms of a major recapitalization.
Italian infrastructure group Atlantia, which operates Rome’s airports, has said it is investigating the possibility of taking part in the relaunch of bankrupt airline Alitalia just a few days ahead of the latest deadline for a formal bid and business plan for the carrier.
Irish LCC Ryanair is on the hunt for a new COO, after Peter Bellew announced his resignation, and is facing possible changes to its growth strategy because of the ongoing Boeing 737 MAX grounding.
Strong revenue gains helped Delta Air Lines post a second-quarter adjusted net income of $1.5 billion, a 24% increase from $1.2 billion in the year-ago period.
Philippine Airlines (PAL) has taken further steps in the transition of its leadership team, as it announces new senior officers to work under its next chief.
Calgary-based Canadian North and Ottawa-based First Air have finalized their plan to merge, paving the way for the combined carrier to integrate operations as part of a strategy to serve 24 Arctic communities.
Norwegian Air Shuttle co-founder CEO Bjørn Kjos is stepping down with immediate effect after 17 years with the airline, which is trying to achieve a financial turnaround. CFO and deputy CEO Geir Karl Karlsen has been named acting CEO.
The grounding of its 24 Boeing 737 MAXs cost American Airlines $185 million in pre-tax second-quarter income and dented its growth and unit-cost projections, the airline said July 10.
Swiss regional carrier Helvetic Airways has sold its five remaining Fokker 100s, as well as spare engines, parts and tooling, to Alliance Aviation Services Ltd., operator of Australia’s Alliance Airlines.
Real estate and retail conglomerate Vingroup has announced the launch of an airline unit, Vinpearl Air, which would be Vietnam’s fifth operational airline, after Vietnam Airlines, VietJet Air, Jetstar Pacific and Bamboo Airways.
Irish lessors AerCap and Avolon saw their owned, managed and committed fleets move in opposite directions in the second quarter, with AerCap’s portfolio shrinking 6.7% to 1,373 aircraft while Avolon’s grew 3.6% to 923 aircraft compared to the year-ago period.
Delta Air Lines’ recent positive guidance revisions reflect the benefits of a strong demand environment produced in part by competitors’ struggles to fill capacity voids created by the grounding of Boeing 737 MAXs, analysts at Cowen & Co. say.
LCC Vietjet Air has increased its stake in Saigon Ground Services JSC (SAGS), making it the third-largest shareholder in the company, according to a Vietnamese news report.
