Following the lead of the China’s three state-owned carriers, 10 more Chinese airlines have filed compensation claims with Boeing over the grounding of the 737 MAX 8 this week.
India’s airline market remains in a state of flux as a group of potential investors considers what could be the last practical alternative for a revival of Jet Airways.
LATAM Airlines Group reported a first-quarter net loss of $60.1 million, compared to a $92.2 million profit in the year-earlier period, as weak international demand contributed to a decline in revenue.
Italy’s economic development minister said the choice of a new investor to help rescue bankrupt Alitalia would be independent of any other dossier, in a reference to the Atlantia transport and infrastructure holding company that is said to be interested in taking part.
Solid macro fundamentals combined with capacity pressure created by the Boeing 737 MAX grounding have set US airlines up for a strong summer season, analysts at Cowen & Co. project.
The average net earnings for Asia Pacific’s 25 main carriers fell a little more than 50% year-on-year (YOY) in 2018, in light of “significantly higher jet fuel prices, adverse currency movements and rising pressures on non-fuel cost items,” according to Association of Asia Pacific Airlines (AAPA).
European leisure airline TUI Group will decide by the end of May whether to extend contingency plans put in place to offset the impact of the grounding of its 15 Boeing 737 MAX 8s.
Taiwan’s Far Eastern Air Transport (FAT) has abruptly canceled over 30 international flights after it came close to flying beyond its monthly limits set by the country’s Civil Aeronautics Administration (CAA).
Ryanair said profit fell 29% in the year to March 2019, hit by lower fares, a trend it expects will continue throughout the summer season, while the delayed arrival of the Boeing 737 MAX means its cost benefits will be later to accrue.
Saudi Arabian national carrier Saudia is reporting a significant increase in its number of transit passengers, as the airline grows rapidly and seeks to become a rival to the “ME3” of Emirates Airline, Etihad Airways and Qatar Airways.
Virgin Australia forecasts a significant drop in its financial performance for the fiscal year through June 30, prompting the airline to plan capacity and network cuts.
German express cargo startup CargoLogic Germany has taken delivery of two converted Boeing 737-400 freighters and is working to secure its air operator’s certificate (AOC).
EasyJet reported a widened first-half loss, but the UK LCC said it was better prepared for expected air traffic controller (ATC)-related disruption in European skies over the peak summer period.
Air Canada signed an agreement May 16 to acquire Montreal-based Air Transat, which would accelerate the Canadian flag carrier’s push into leisure destinations and add to already dominant positions in several markets, notably its home turf and Europe.
Thai Airways reported a steep drop in profits for the March quarter, although the airline is also moving closer to gaining approval for a major aircraft order.
LuxairGroup has posted a €12.5 million ($14 million) full-year net profit, up 32% year-over-year, but president and CEO Adrien Ney has warned of a “sharp decrease” for 2019 because the group faces “enormous pressure” in a complicated environment.
