Greek carrier Aegean Airlines reported a net profit of €80.9 million ($94 million) for the first nine months of 2018, up 13% from a €71.7 million net profit in the year-ago period.
LATAM Airlines Group, buffeted by rising fuel costs and weak currencies, saw its net income decline by 67% to $52.9 million for the third quarter (3Q), compared with the same period last year.
Infrastructure improvements, tax and fee cuts, and regulation reform in Colombia would increase the airline industry’s economic benefits to the country, IATA officials said at the Aviation Day conference in Bogota.
TAP Air Portugal CEO Antonoaldo Neves still sees strong benefits from an alliance membership even though many airlines are choosing to establish joint ventures (JVs).
Slovenia’s Adria Airways signed a letter of intent (LOI) to acquire 15 Sukhoi Superjet 100s (SSJ100s) via a long-term lease arrangement and signed an MOU with Sukhoi Civil Aircraft Co. (SCAC) to establish a joint MRO operation at Ljubljana Airport.
UK long-haul carrier Virgin Atlantic has confirmed it is “reviewing its options” over a possible bid for Exeter-based UK regional airline Flybe, which has also confirmed that discussions are underway.
Singapore Airlines Group is performing a network reshuffle among its subsidiary airlines, which will see LCC Scoot take over 17 routes from SilkAir, which is in turn being merged into Singapore Airlines (SIA).
Ireland-based lessor SMBC Aviation Capital has posted a $168 million first-half pre-tax profit, up 7.5% on the prior year, and is preparing for a $1 billion capital boost over the coming weeks.
Russia’s State Transport Leasing Co. (STLC) has signed letters of intent (LOI) with Mirny-based Alrosa Airline and RusLine regional airline to lease two Sukhoi Superjet 100s (SSJ100s) to each carrier for 12-years.
Italian rail company Ferrovie dello Stato (FS) appears to be in pole position to acquire bankrupt Alitalia and is in talks with a number of airlines that could partner with it to run the carrier if its bid is successful.
AirAsia X Group, the long-haul arm of LCC AirAsia, recorded a net loss of MYR197.5 million ($47.7 million), deepened from MYR43.4 million loss in the year-ago quarter, as operating costs continue to increase.
EasyJet’s summer 2019 bookings are slightly ahead of last year’s, despite uncertainty over the effect Brexit will have on air transport, as the UK LCC reported a rise in profit for the year ended Sept. 30.
2018 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2018 fiscal year thirdquarter or equivalent, generally covering July-September 2018.
The Civil Aviation Administration of China (CAAC) has given preliminary approval for setting up a China Southern Airlines subsidiary at the new Beijing airport that will open in 2019.
Copa Holdings posted a third-quarter (3Q) net profit of $57.7 million, down 55% from the same period last year—the result of rising fuel costs and weakened currencies in Brazil and Argentina.
Oman Air believes joint ventures (JVs) with codeshare partners would offer greater benefits to the national carrier than membership in a global alliance.
China Southern Airlines will leave the SkyTeam global alliance at the end of next year, a move the airline said will allow it to forge closer ties with other carriers, including oneworld member American Airlines, a part-owner of the Chinese airline.
Spurred by strong demand for air travel in Vietnam, LCC Vietjet Air reported an operating profit for the first nine months of 2018 of VND2.4 trillion ($107 million), up 13% year-over-year (YOY).
Expenses for US carriers outpaced revenues in the third quarter, driving industry-wide profitability to its lowest levels since 2014, according to Airlines for America’s (A4A) latest year-to-date (YTD) operational and financial results, released Nov. 14.
