Santiago-based LATAM Airlines Group narrowed its second-quarter 2018 net loss to $113.6 million, improved from 2Q 2017’s $138 million net loss, and despite a $79 million foreign exchange loss during the quarter mainly attributable to the 12.2% year-over-year (YOY) depreciation of the Brazilian currency.
Denver-based ultra-LCC Frontier Airlines is “changing a lot,” almost doubling its number of destination cities, introducing a new loyalty program, and making it easier for passengers to achieve elite status.
South African regional carrier SA Express is set to begin a staged return to services from Aug. 23, three months after the country’s regulator barred it from flying.
Lufthansa Cargo will begin marketing the cargo capacities of Lufthansa Group subsidiary Brussels Airlines from Sept. 1, joining Lufthansa (mainline), Austrian Airlines, Eurowings and Sun Express.
JetBlue Airways has appointed Ben Baldanza and Sarah Robb O’Hagan to its board of directors as independent directors, effective immediately, following unanimous approval by the New York-based company.
Charter and wet-lease specialist Small Planet Airlines Poland has promoted Bartosz Czajka to the role of CEO and board member, after former CEO Jarosław Jeschke stepped down earlier this year for health reasons.
A boost in tourism to Thailand was a significant factor behind Bangkok Airways’ improved figures for the first half of 2018, the Thai regional carrier said.
Singapore Airlines (SIA) Group announced high load factors for the month of July, with an average of 85.9%, up 2.3 percentage points year-over-year (YOY).
Vietnam Airlines reported strong profit growth for the first half of 2018, and the carrier is also making progress on plans to increase productivity and reduce staff numbers.
Avianca Holdings had an unadjusted net loss of $35.7 million for the 2018 second quarter, reversed from a $10.6 million net profit in 2Q 2017, as the Colombia-based company faced currency volatility, increased fuel prices, infrastructure disruptions and continuing after-effects of a 51-day pilots’ strike in 4Q 2017.
Higher fuel costs and deeper foreign exchange losses offset rising revenue for Korean Air, sending the carrier deeper into the red for the second quarter.
Panasonic Avionics Corp. (PAC), which settled bribery and accounting fraud charges brought by the US government earlier this year, has appointed a new chief compliance officer.
Global air passenger traffic was up 7.8% in June, reflecting a healthy start to the peak summer travel season in the northern hemisphere, but overall demand through June has moderated in 2018 compared to the first-half of 2017, according to IATA’s latest Air Passenger Market Analysis.
Jazeera Airways said revenue and profit grew in the first half of the year, helped by a 50% increase in passengers, thanks to route launches and aircraft additions.
Asiana Airlines managed to cut its net loss significantly in the second quarter, thanks partly to the carrier’s revenue rising to record levels during the period.
