Cathay Pacific Airways is back in the black after achieving a group attributable profit of HKD1.3 billion ($166.4 million) for the first six months of 2019, reversing a HKD263 million loss over the same period in 2018.
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 rather than outbound traffic, according to a study by CAPA-Center for Aviation.
American Airlines and Southwest Airlines both unveiled new corporate travel initiatives Aug. 5, highlighting the increased competition among airlines to attract lucrative business travelers.
Gulf Air reported a 23% first-half increase in passenger numbers, which the airline said indicates its move toward becoming a niche, “boutique carrier” is starting to show results.
Wisconsin-based startup Midwest Express has signed an operating agreement with regional carrier Elite Airways to begin nonstop service from Midwest’s home base at Milwaukee’s Mitchell International Airport.
Kuwait-based Jazeera Airways substantially increased its profit figures for the 2019 first half, as the hybrid carrier continued to expand its route network and prepared to launch its first service to Europe.
Malaysia Airlines Berhad’s (MAB) new chief strategy officer (CSO) Bryan Foong is set to play a key role in guiding the next phase of the carrier’s restructuring efforts.
Utah-based regional carrier SkyWest Airlines boosted its net income in the 2019 second-quarter, aided by its ongoing fleet transition initiatives and the divestiture of ExpressJet Airlines in January 2019.
Singapore-based lessor BOC Aviation will place four Airbus A321neos with locally headquartered LCC Scoot Airlines. The deal was among several recent orders and deliveries announced by lessors.
Mexico’s Volaris is pressing on with an aggressive growth strategy that relies on converting bus passengers into air travelers with low base fares, fueling its expansion with high utilization rates to keep costs down.
International Airlines Group (IAG) posted a second-quarter net profit of €736 million ($814 million), up 19.5% from €616 million, before exceptional items, a year ago, as revenue gains overcame higher fuel costs.
Ryanair CEO Michael O’Leary has warned staff the Irish LCC will need to close bases and cut jobs because of Boeing 737 MAX delays and Brexit uncertainty following a drop in its fiscal first-quarter profit.
Royal Jordanian (RJ) reported a first-half net income of JD1.5 million ($2.1 million), reversed from a JD12.7 million net loss a year ago, as the carrier said it continues to see positive results from its turnaround plan.
Cargo operator Atlas Air Worldwide Holdings (AAW) reported second-quarter net income of $86.9 million, reversed from a $21.1 million net loss in the year-ago period.
Brazilian LCC GOL Airlines narrowed its second-quarter net loss to BRL195 million ($51 million), compared with a BRL1.9 billion net loss a year earlier.
Japan Airlines (JAL) reported its net profit fell by 32.1% to ¥11.9 billion ($110 million) for the three months ended June 30, JAL’s fiscal first quarter.
Allegiant Air’s decision to switch to an all-Airbus fleet continued to pay off in the second quarter as the airline’s net income jumped 41% despite having six fewer aircraft from the year-ago period.
Air France-KLM posted a second-quarter operating profit of €400 million ($446 million), a nearly 16% increase from €346 million a year ago, as revenue gains and lower unit costs offset a higher fuel bill.
Hawaiian Airlines reported a decline in net profit for the second quarter, as the airline comes under increasing competitive pressure in some of its key markets.
The top 10 airlines by ancillary revenue worldwide generated $35.2 billion from non-ticket sources in 2018, up from just $2.1 billion in 2007, according to a new report from IdeaWorksCompany.
