Air China saw its net profit shrink 9.5% to CNY3.1 billion ($451 million) in the 2019 first half. After factoring non-recurring gain and losses, net profit stood at CNY3 billion, down 3.5% year-over-year (YOY).
Kenya Airways has posted a KES8.6 billion ($83 million) interim net loss for the first six months of 2019, double the KES4 million net loss for the same period in 2018.
Scandinavian Airlines (SAS) is working to reduce its negative carbon footprint with more fuel-efficient aircraft, president & CEO Rickard Gustafson said as the company delivered what he called “disappointing” third-quarter results.
Scandinavian Airlines (SAS) is working to reduce its negative carbon footprint with more fuel-efficient aircraft, president & CEO Rickard Gustafson said as the company delivered what he called “disappointing” third-quarter results.
US carriers should see continued top line revenue growth in 2020, driven by higher capacity from the re-entry of the Boeing 737 MAX, analysts at Cowen and Co. project.
Scandinavian Airlines (SAS) reported a net income of SEK1.16 billion ($122 million) for the third quarter (May-July), down 26% from SEK1.57 billion in the year-ago period.
Leisure travel specialist Thomas Cook has agreed on the key commercial terms for a £900 million ($1.1 billion) recapitalization, which will include ownership changes at the group’s airline unit.
A French court has appointed a temporary administrator of Aigle Azur in the latest twist in a saga that has seen some of the airline’s shareholders unsuccessfully attempt to take control of the company in a dispute over strategy.
East African startup Uganda Airlines has launched operations with an initial scheduled service between Entebbe and Nairobi (Kenya), marking the start of a growth plan that foresees 20 destinations by the end of 2021.
The UK CAA is looking into whether British Airways (BA) fully complied with its passenger-rights obligations, after the airline mistakenly told some passengers their flights were canceled during an upcoming pilots’ strike.
Bulgaria-based airline Holiday Europe launched operations Aug. 24, with a flight from Antalya (Turkey) to Nuremberg (Germany) with 218 passengers after receiving an air operator’s certificate.
The European Union (EU) has agreed to remove restrictions on foreign carriers seeking to wet lease to EU-based airlines as part of an agreement signed between the US, EU, Iceland and Norway Aug. 27 in Brussels.
Qatar Airways Group CEO has expressed support for Cathay Pacific Airways, as the Hong Kong-based carrier navigates squalls emanating from the territory’s continuing civil unrest.
A weakened currency is stagnating the growth of Australia’s international aviation market, and the country is poised to see a transition to a greater focus on inbound traffic
Aigle Azur shareholders are locked in a battle that could threaten its future, as 32% owner David Neeleman threatens to take legal action against another shareholder who has moved to take control of the French leisure carrier, firing the CEO behind long-haul expansion plans that have run into difficulties in recent months.
China Southern Airlines saw its 2019 first-half net profit fall 21% to CNY1.7 billion ($247.5 million), as it navigates a challenging economic environment.
British Airways (BA) experienced another public relations fiasco over the weekend, after thousands of passengers were wrongly told their flights had been canceled.
