Southwest Airlines posted a second-quarter net profit of $733 million, down 1.3% from net income of $743 million the 2017 June quarter, as fuel hedging insulated the carrier from the much larger year-over-year (YOY) profit drops being reported by rival major US carriers.
The AirAsia X group improved its passenger load factor in the second quarter, thanks to stronger demand and changes to the group carriers’ network strategies.
Despite generating more revenue than in any quarter in its history, a significant increase in fuel costs drove American Airlines’ second-quarter net profit down 35.5% year-over-year (YOY), leading the carrier to scale back capacity growth, defer 22 Airbus A321neo deliveries and make changes to its basic economy product.
French hotel group AccorHotels said it was no longer interested in buying a minority stake in Air France-KLM, just under two months after it confirmed an interest in the airline group.
Latvian carrier airBaltic could pursue an initial public offering (IPO) as one of its ownership options, as its 2018 performance continues to track ahead of 2017.
Hawaiian Airlines managed to increase its net profit in the second quarter, despite challenges such as continuing volcanic activity on Hawaii’s Big Island, which has affected demand.
Irish LCC Ryanair has served 90 days “protective notice” on over 100 Dublin-based pilots and 200 cabin crew, in an escalation of a labor-relations dispute that will see it shift at least six Dublin-based aircraft to Polish charter carrier Ryanair Sun.
US LCC JetBlue Airways, working to offset rising fuel costs and stagnating RASM, will trim fourth-quarter capacity and plans a series of ancillary revenue adjustments in the weeks ahead to help strengthen its bottom line, CEO Robin Hayes said.
Oneworld connect partner Fiji Airways is considering possible investments and joint ventures (JV) with carriers in the South Pacific region, similar what Ethiopian Airlines is doing on the African continent.
Emirates Airline has confirmed it will reduce its operating schedule 28% when Dubai International’s (DXB) southern runway (12R-30L) temporarily closes from April 16-May 30, 2019, for upgrades.
South Korean carrier Asiana Airlines plans to compensate passengers affected by flight delays caused by disruptions in the supply of onboard meals earlier this month.
AirAsia X has improved its long-term prospects, thanks to recent route restructuring and aircraft orders, according to Tony Fernandes, co-CEO of the AirAsia X group.
A London court said July 20 it will schedule proceedings Nov. 19 to hear a case between Austria-based LaudaMotion and Germany’s Lufthansa over aircraft leasing contracts.
