South Korea’s Asiana Airlines is considering trimming its operations as it looks to shore up the company’s financial stability and restore market confidence.
China Southern Airlines saw its 2018 annual profit shrink to CNY2.98 billion ($433 million), down 51% year-over-year (YOY), because of increased operating expenses and external economic factors.
Aviation Week Network senior transport editor Sean Broderick speaks with Airlink CEO Steven Smith, after his company was recognized with the Joseph Murphy Award for exemplary community services.
UK LCC easyJet—which confirmed flights would continue to operate even in the event of a no-deal Brexit—has warned that uncertainty over Brexit is curbing customer demand, leading to a more cautious outlook for the second half of the year.
Hanover, Germany-based TUI Group expects the Boeing 737 MAX 8 grounding will cost the company €200 million ($225 million) if flights can be resumed by mid-July at the latest.
Improved passenger traffic revenue helped Air China Ltd. post a 2018 net profit of CNY7.3 billion ($1.07 billion), up 1.3% from CNY7.2 billion in the previous year.
Italian railway company Ferrovie dello Stato (FS) said more work is needed to develop a sustainable business strategy for Alitalia, the bankrupt airline it is negotiating to take over with Delta Air Lines as a potential partner.
A sweeping business review by Air New Zealand has resulted in a cost-cutting plan that will include aircraft delivery deferrals, although the carrier has also unveiled a new international destination and widebody cabin upgrades.
With significant investments in new onboard services, Saudi Arabian Airlines (Saudia) has seen a 20% boost in passenger satisfaction on the affected routes, CEO Jaan Albrecht said.
Aviation Week Network senior transport editor Sean Broderick speaks with Spirit Airlines CCO Matt Klein after his company was recognized with the 2019 ATW Value Airline of the Year award in New York.
Aviation Daily Editor Mark Nensel speaks with Bill Franke of Indigo Partners, after he was recognized with the 2019 ATW Leadership Excellence award in New York.
ATW Editor-in-Chief Karen Walker speaks with Lufthansa Group CEO Carsten Spohr, after his company was presented with the 2019 Airline of the Year award in New York.
Latvian hub and spoke carrier airBaltic is aiming to triple its passenger numbers and revenue by 2025, if it goes ahead with plans to exercise 30 Airbus A220 options.
A spike in flight cancellations linked to several unrelated issues will drive Southwest Airlines’ year-over-year first-quarter non-fuel unit costs up 10%, or 4% higher than its previous guidance, and will cost the carrier about $150 million in lost revenue, the airline said March 27.
Cathay Pacific is poised to enter Asia’s LCC market after announcing a deal to purchase 100% of Hong Kong Express (HKE) and operate it as a subsidiary.
Icelandic ultra-LCC WOW Air has won approval from its bondholders to convert debt to equity following the recent collapse of talks with two potential investors.
