Singapore Airlines (SIA) Group reported a net profit of S$105 million ($76.8 million) for 3Q FY18/19, down 27% year -over-year (YOY) on rising expenditure and fuel costs.
UK LCC easyJet has confirmed it is in talks with US carrier Delta Air Lines and Italian railway company Ferrovie dello Stato over the possibility of a joint investment in bankrupt Alitalia.
Air Astana posted a declared unaudited net profit of $5.3 million in 2018, down 86.4% from a net profit of $39.1 million in 2017, driven by higher jet fuel costs despite higher revenues.
Accommodation provider Airbnb has appointed former Virgin America CEO Fred Reid as global head of transportation, as part of the company’s push to make travel more tolerable.
Aspiring Canadian startup Jetlines, advancing its new strategy of building a route network that seeks to avoid WestJet ULCC subsidiary Swoop, plans to include Quebec City Jean Lesage International Airport (YQB) in its network, the airline and airport announced Feb. 13.
Irish lessor Avolon reported a 30% increase in full-year profit for 2018 to $717 million while revenue increased 10% year-over-year (YOY) to $2.57 billion.
Virgin Australia reported its strongest half-year earnings in more than a decade, thanks to the airline’s restructuring program and surging domestic business.
US regional Southern Airways Express has acquired Hawaiian-based commuter carrier Mokulele Airlines, in a deal that will result in the combined entity operating 1,380 weekly flights.
The European Commission (EC) has approved a transatlantic joint venture agreement among Air France-KLM, Delta Air Lines and Virgin Atlantic that will see the Franco-Dutch airline group acquire a 31% stake in Virgin Atlantic.
Mongolian domestic carrier Hunnu Air signed a lease agreement with CDB Aviation, the European subsidiary of China Development Bank Financial Leasing, for four Embraer E190s.
Ryanair CEO Michael O’Leary stands to make almost €100 million ($117 million) in bonuses if he can either double the LCC’s profit figures or its share price within five years.
Icelandair Group, which includes domestic operator Air Iceland Connect, capacity provider Loftleidir and several tourism-related subsidiaries, recorded a 2018 net loss of $55.6 million, reversed from a net profit of $37.5 million in 2017.
UK regional carrier Flybe has told shareholders it had to sell off its operating companies, or face administration, adding that the empty holding company will wind up if shareholders do not back Connect Airways’ takeover offer.
Ernst Göhner Foundation, which owns approximately 46% of Swiss freight-forwarder Panalpina, has rejected a Panalpina takeover approach from Danish freight-forwarder DSV.
India’s Jet Airways confirms it has been forced to ground four aircraft because of defaults on lessor payments, as the airline continues to work on a bailout plan.
Latvian carrier airBaltic has appointed New York-headquartered investment bank Greenhill to advise on financing possibilities, which would be used to begin firming 30 Airbus A220 options by mid-2020.
Executives at All Nippon Airways Holdings (ANA HD) and Philippine Airlines (PAL) began their new strategic partnership Friday after completing signing ceremonies in Tokyo.
The German Federal Cartel Office has approved the purchase of shares in Romania’s LCC Blue Air by Berlin-based logistics group Zeitfracht in an expansion bid.
Spanish charter and wet-lease carrier Wamos Air has been operating flights from the UK on behalf of Turkmenistan Airlines, which was recently suspended from flying to and from the European Union (EU) for safety reasons.
UK LCC easyJet has detailed the steps it has taken to Brexit-proof its operations and says it has a plan in place to ensure it meets European Union (EU) ownership and control regulations, regardless of whether or not airlines are given an adjustment period after the UK departs the bloc.
