Boosted by higher fare and ancillary revenue, Fort Lauderdale-based Spirit Airlines posted a fourth-quarter (4Q) net profit of $92 million and saw revenue increase for the period, despite higher fuel and personnel costs.
Lufthansa Group subsidiary Austrian Airlines will wet lease two Bombardier CRJ900s from Slovenia-based Adria Airways from March 31 to secure and stabilize operations for the summer 2019 season.
LCC Norwegian plans to raise $26 million in fresh liquidity from the sale of two Airbus 320neos and is moving to a paid model for faster inflight connectivity.
Austrian Airlines has sold its remaining 8.31% stake in Brisbane, Australia-based charter and regional carrier Alliance Airlines, according to a notice to the Australian Securities and Exchange Commission, dated Feb. 1.
German leisure carrier Germania filed for bankruptcy Feb. 4 and halted flight operations the same evening following months of increasing financial difficulties.
A revised capacity-purchase agreement (CPA) with Air Canada gives Chorus Aviation long-term stability for its Jazz Aviation regional feeder and boosts the company’s effort to diversify revenue streams by increasing its leasing income.
Irish LCC Ryanair has posted a €20 million ($22.9 million) third-quarter net loss and announced plans to transition to a group structure, similar to that of International Airlines Group (IAG), with Michael O’Leary as group CEO.
TAP Air Portugal carried 15.8 million passengers in 2018, up 10.4% from the previous year, with European routes outside Portugal accounting for the bulk of the increase, the airline reported.
Royal Air Maroc (RAM), set to become the 14th member of the oneworld alliance, is strengthening its position in north Africa as its fleet grows and the carrier’s home hub in Casablanca brings more capacity online.
New Air France-KLM CEO Benjamin Smith has taken the next move in simplifying the organization’s brand structure, bringing Air France’s regional operator HOP! closer to the parent company.
Qatar Airways is prepared to stay in the oneworld alliance as long as there is a chance of working out differences with fellow members the airline said are hostile to the Doha-based carrier.
Qantas has purchased a 19.9% stake in Australian charter and regional carrier Alliance Airlines—a move that raised concerns by rival Virgin Australia, which has a long-standing partnership with Alliance.
Central and Eastern European LCC Wizz Air’s net profit fell sharply to €1.7 million ($1.9 million) in the third quarter, down 87.6% from €14 million a year earlier, driven by higher costs.
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported a net profit of $162 million for 2018, down 18.3% from $198 million in 2017—a reflection of higher fuel prices and completion of a fleet transition.
Japan Airlines (JAL) reported a lower net profit for the first nine months of fiscal 2018, but raised its full-year income outlook as a result of an anticipated easing of fuel prices.
Singapore sovereign wealth fund GIC has acquired an undisclosed minority stake in Danish regional aircraft leasing specialist Nordic Aviation Capital (NAC), finalizing a deal that was first announced in October.
On the heels of Ryanair’s acquisition of Austria-based LaudaMotion, the Irish LCC sees the potential to add more airlines to its current group of three carriers.
