A strong summer-season demand environment has US majors holding steady on capacity plans even as fuel continues to rise, with likely—and some say needed—reductions expected to come in time for the winter season.
EasyJet CEO Johan Lundgren said the three main pillars of the UK LCC’s strategy for the coming years will be a focus on holidaymakers, business travelers and an increased emphasis on creating loyalty.
UK-based LCC easyJet reported what it described as “one of its best winters ever” as it substantially cut its losses in what is traditionally the weaker half of its financial year.
New Austrian carrier LaudaMotion must postpone its plan to operate from Zurich, Switzerland, as the carrier will have not enough aircraft available, a spokesperson confirmed to ATW.
Air France-KLM, UK long-haul carrier Virgin Atlantic and US major Delta Air Lines said they signed “definitive agreements” for their transatlantic joint venture (JV) on May 15.
Azul Brazilian Airlines is upbeat about long-term growth trends in Brazil and the positive contributions of its new Airbus A320neos, but rising fuel prices have it looking carefully at near-term capacity plans.
Asia-Pacific airlines saw a collective 31.3 % rise in net profits in 2017, earning $8.8 billion in net profit during 2017, compared to $6.7 billion in 2016, according to the Association of Asia Pacific Airlines (AAPA).
Bogota-based Avianca is in advanced negotiations with aircraft vendors to “re-accommodate its existing aircraft open orders, especially those scheduled for delivery in 2020, 2021 and 2022,” according to CEO Hernán Rincón, indicating deliveries may be deferred three years.
Nigerian startup Green Africa Airways has appointed Caribbean Airlines VP-operations Jag Singh as COO and former JetBlue Airways VP-flight operations Bart Roberts as safety review board chairman.
An investigation has begun after an Asiana Airlines Airbus A330-300’s wing collided with the tail of a Turkish Airlines A321 while taxiing at Istanbul Airport on May 13, causing substantial damage to the parked aircraft.
The South African government has agreed to make a further cash infusion into its loss-making national carrier, South African Airways (SAA), as it seeks to establish conditions for a decisive turnaround strategy.
After several years of shrinking margins in the Gulf region, an improvement in yield margins helped LCC Air Arabia to post profits of AED110 ($30 million) for 1Q 2018, up 8% compared to AED102 million for the year-ago quarter.
São Paulo-based LCC GOL reported a BRL220.8 million ($66.8 million) net profit for the first quarter of 2018, down 6% from BRL234.9 million in 1Q 2017.
Panama-based Copa Holdings reported a first-quarter 2018 net profit of $136.5 million, up 35.1% over net income of $101 million in the 2017 March quarter, as strong demand overcame rising fuel prices.
Santiago-based LATAM Airlines Group posted a $94 million net profit for the first quarter of 2018, up 43.2% compared to 1Q 2017’s $66 million net income, driven by a 50% year-over-year (YOY) rise in operating income.
WestJet’s first business-class cabins, the signature feature of its new Boeing 787-9s, will help the carrier revamp its onboard experience throughout its network—part of its strategy to move further away from its low-cost regional carrier roots and become “a global network airline,” WestJet president and CEO Ed Sims said.
