Flybe, Europe’s largest regional airline, recorded a reduced net loss for the 2017-18 financial year, with the company CEO reporting most parameters improving.
The Italian Competition Authority has fined Irish LCC Ryanair €1.85 million ($2.1 million) for mass cancellations of flights because of personnel rostering problems in the fall 2017 and early 2018.
The share of traffic and revenue coming from international premium passengers held steady in the first quarter compared to year-ago figures despite apparent sluggishness in the key North Atlantic and Europe-Asia markets, IATA said.
Etihad Airways recorded a “core loss”—equivalent to operating loss for its day-to-day airline operations—of $1.5 billion in 2017, narrowed from $1.95 billion in 2016.
Aspiring Canadian ultra-low-cost carrier (ULCC) Jetlines has firmed up a deal to lease two 12-year-old Airbus A320s from Dublin-based AerCap and plans to use them to launch operations, likely in early 2019.
2017 Fiscal year financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year or equivalent.
Despite over a million onboard passengers in May, a record for the month, Hawaiian Airlines revised its guidance for second-quarter revenue downward, citing “a reduction in the pace of domestic bookings following an increase in volcanic activity on the Big Island of Hawaii.”
Royal Jordanian Airlines must increase the transfer business at its Amman hub and further develop its network system, president & CEO Stefan Pichler told ATW.
Transport Canada (TC) has granted the air operator’s certificate (AOC) for Calgary-based WestJet’s new ultra-LCC Swoop, clearing the way for inaugural flights June 20.
Recent news from Southwest Airlines that it is scaling back planned growth through year-end will help keep domestic capacity in check as costs rise, but similar moves will be needed by peers to cement what analysts believe is a necessary market correction.
Shanghai-based ZTO Express plans to launch a joint venture (JV) with Turkish Airlines and Hong Kong-based PAL Air to explore the international express delivery market.
Air Mauritius is looking to form an alliance with Kenya Airways and South African Airways (SAA) as rising fuel prices and exchange rate fluctuations create pressure on the Indian Ocean-based carrier, CEO Somas Appavou said.
China’s Hainan Airlines Holding has unveiled further details of its assets restructuring plan, which include circulating 3.4 billion shares to take over stakes owned by parent HNA Group’s with an investment of CNY10.5 billion ($1.6 billion) and circulating non-public A shares to 10 investors to raise no more than CNY7 billion.
Hong Kong flag carrier Cathay Pacific Airways has not ruled out establishing an LCC unit, although such a move would be very unlikely in the short-term, CEO Rupert Hogg said.
Ireland-based aircraft lessor SMBC Aviation Capital has posted a $319.4 million full-year profit and aims to transition the majority of its fleet to new-technology aircraft by the mid-2020s.
EasyJet Europe has become Austria’s largest airline after registering more than 100 aircraft in Austria since the launch of the Vienna-based LCC in July 2017.
United Airlines CEO Oscar Munoz—speaking at an Economic Club of Washington DC event June 7—gave no indication the Chicago-based carrier would retreat from its 2018 and longer-range earnings guidance.
