Brazilian LCC GOL Airlines, battered by higher fuel expenses and currency fluctuations, posted a steep third-quarter loss of BRL409 million ($110 million), reversed from a net income of BRL329.9 million in the year-ago quarter.
Japan’s All Nippon Airways Holdings (ANA) reported a 2018 first-half net profit of ¥73.7 billion ($651 million), down 38% compared to net profit of ¥118.3 million in the 2017 1H, although the prior-year profit was boosted by extraordinary income as Peach Aviation became a consolidated subsidiary.
Germania Group will base an Airbus A319 at Pristina International Airport next year and plans to open new routes between Kosovo’s capital and Germany in association with Air Prishtina.
International Airlines Group (IAG) CEO Willie Walsh believes there is a real likelihood that the Qatar Airways’ CEO will follow up on his public statements and take the Doha-based carrier out of the oneworld global alliance.
Ireland-based capacity provider Stobart Air will lease two Embraer E190 regional jets to plug a gap in BA CityFlyer’s fleet and operate services from London City Airport.
Aircastle, citing program slippage and not soft customer demand, will not take three Embraer E-Jet E2s as scheduled in 2019, the lessor’s top executive confirmed.
Faced with a significant rise in fuel costs, Royal Jordanian reported a third-quarter (3Q) net profit decline of 28% to JD22.9 million ($32.3 million) compared to the year-ago period.
Hainan Airlines Holding reported a net profit of CNY729 million ($106 million) for the first nine months, a 73.6% decline compared to the year-ago period.
The Chilean Court of Free Competition (TDLC) has approved the joint business agreement (JBA) between Dallas/Fort Worth-based American Airlines and Santiago, Chile-based LATAM Airlines Group Oct. 31.
Atlas Air Worldwide (AAW) posted third-quarter (3Q) net earnings of $71.1 million and raised its full-year outlook for the third straight quarter, citing continued demand for its freighter-focused leasing and charter businesses.
Air China reported a net profit of CNY6.5 billion ($946 million) for the first nine months of 2018, down 20% year-over-year (YOY), the highest earnings among the country’s three main carriers.
Faced with rising fuel costs and a weakened Chinese yuan against the US dollar, China Eastern Airlines reported a 42.1% decline in operating profits to CNY5.8 billion ($844 million) for the first nine months of 2018, compared to the same period last year.
UK long-haul carrier Virgin Atlantic has named Finnair CCO Juha Järvinen as its new EVP-commercial, and appointed non-aviation industry executive Ash Jokhoo as SVP-technology.
Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter.
Italian railway company Ferrovie dello Stato (FS) has put in a bid for Alitalia, paving the way to create an integrated transport company, Italy’s economic development minister Luigi Di Maio said.
Air France-KLM said revenues rose in the 2018 third quarter and predicted a further increase in the final three months of the year, but warned its fuel costs also would increase and passenger network capacity would grow by less than expected.
Russia’s Federal Air Transport Agency said it has suspended Yakutia Airlines’ international flights starting Nov. 5, until the Yakutsk-based carrier corrects flaws discovered during inspections.
Canada’s WestJet overcame rising fuel prices and other headwinds to post a third-quarter (3Q) net profit of C$45.9 million ($35 million), down 66.3% from the C$135.9 million reported in the year-ago quarter.
Aircraft lessor AerCap carried out 87 aircraft transactions in the third quarter, including 20 for widebodies and said over 90% of new aircraft deliveries through 2020 were leased.
The UK Competition and Markets Authority (CMA) has opened a formal merger inquiry into Irish regional airline CityJet’s plans to wet-lease two Avro RJ85s to International Airlines Group (IAG) Irish carrier Aer Lingus.
