Air Canada signed an agreement May 16 to acquire Montreal-based Air Transat, which would accelerate the Canadian flag carrier’s push into leisure destinations and add to already dominant positions in several markets, notably its home turf and Europe.
Thai Airways reported a steep drop in profits for the March quarter, although the airline is also moving closer to gaining approval for a major aircraft order.
LuxairGroup has posted a €12.5 million ($14 million) full-year net profit, up 32% year-over-year, but president and CEO Adrien Ney has warned of a “sharp decrease” for 2019 because the group faces “enormous pressure” in a complicated environment.
South African regional airline CemAir is hoping to resume operations after an appeal committee overturned the South African CAA’s (SACAA) decision to ground the airline twice in two months.
Toronto-based private-equity firm Onex Capital will purchase Canadian LCC WestJet in an all-cash deal valued at C$3.5 billion ($2.6 billion), the companies announced May 13.
Air France plans to reduce its short-haul capacity in terms of available seat kilometers (ASKs) by 15% by the end of 2021 and cut 465 jobs without forced departures in the face of growing competition from high-speed trains and low-cost airlines.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses, operating margins and net income/losses for each airline's 2019 fiscal first quarter or equivalent.
The Trump administration’s decision to put the US Export-Import Bank (EXIM) back in business is good news for aviation lessors, according to credit analysts.
Qantas says it is on track to fully offset higher fuel prices with revenue improvements in its current financial year, and the Australian flag carrier has a generally positive demand outlook.
Scandinavian LCC Norwegian Air Shuttle is offering staff part-time working and unpaid leave in a bid to get around a temporary crew surplus at London’s Gatwick Airport.
Emirates Airline’s 2018-19 profits have fallen 69% to AED871 million ($237 million), under the strain of high fuel prices, “cut throat” competition and unfavorable exchange rates.
Despite the loss of revenue from 18 days of grounded Boeing MAXs at the end of last quarter, WestJet posted a C$45.6 million ($33.8 million) profit, up 30% from $34.2 million in the year-ago period.
Privately owned Polish carrier Enter Air has agreed to acquire 49% of Germania Flug, the former Swiss charter unit of Berlin-based leisure carrier Germania.
Taiwan’s China Airlines (CAL) has launched a narrowbody passenger aircraft and freighter replacement program to include Airbus A321neos and Boeing 777 freighters.
