Chongqing-based China Express Airlines reported a 2018 first-quarter net profit of CNY82.3 million ($13 million), up 6.3% compared to net income of CNY77.4 million in the year-ago quarter.
Emirates Airline has posted 124% profit growth for its most recent financial year, delivering a AED2.8 billion ($762 million) profit despite “strong competitive pressure across all markets” and higher fuel prices.
Rising fuel costs—combined with a planned ramp-up in capital expenditures—has put dents in most of WestJet’s key first-quarter income metrics, and the Calgary-based LCC is responding by fast-tracking a cost-reduction initiative.
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year—driven by a generally strong global economic backdrop, according to IATA’s latest Air Passenger Market Analysis.
Lufthansa plans to focus its future growth on its hub in Munich, Zurich and Vienna while pulling capacity off Frankfurt for now, CEO Carsten Spohr told the annual shareholder meeting on May 8.
Aeromexico's capacity adjustments to offset weakness in its home market appear to be paying off, as the carrier boosted domestic revenue passenger kilometers (RPKs) and load factor in April, even as it continued to trim capacity.
As Airbus and Zodiac Aerospace are refining the design of the lower-deck cabin module they are to offer on the A330, potential customers still must find a way to use the extra space and, eventually, a business case.
American Airlines has decided to cut Chicago O'Hare-Beijing service from Oct. 22 because of overcapacity in the Sino-US market–which used to be one of the most lucrative markets worldwide.
EasyJet is continuing its expansion out of Berlin, which has become a focus city for the UK LCC, and is part of its strategy to hold dominant market shares in the large European cities where it has bases.
Garuda Indonesia reported a $64.3 million net loss for the first quarter of 2018, an improvement from a loss of $101.2 million a year ago, as the carrier made progress on many of its turnaround goals in addition to increased fleet utilization.
Air France plans to operate 80% of its flights on May 8, the 15th in a series of day-long strikes over pay that have rocked the carrier and led to the resignation of Air France-KLM group CEO Jean-Marc Janaillac.
Shanghai-based Spring Airlines posted a net profit of CNY1.3 billion ($207 million) for 2017, up 33% compared to net income of CNY950.5 million in the prior year.
Chorus Aviation boosted its first-quarter adjusted earnings 43% year-over-year (YOY) and operating revenues 9% on the strength of its growing aircraft leasing business.
Vietnamese LCC Vietjet nearly quadrupled its first-quarter 2018 net profit, and the carrier said it is comfortably ahead of financial targets for the year to date.
South Korea’s Asiana Airlines slipped to a net loss of KRW5.4 billion ($5 million) in the first quarter, although it also recorded its highest operating profit for three years.
International Airlines Group (IAG) posted a significantly higher operating profit in the first quarter and assured investors its full-year result will be better than last year despite rising fuel prices.
Chicago-based United Airlines and Frankfurt-based Lufthansa Cargo (LHC) launched a joint venture (JV), effective May 3. The JV agreement was signed April 20, 2017.
Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in 1Q 2017.
Air France-KLM warned its 2018 operating profit would be “notably below” 2017’s because of the financial impact of ongoing Air France strikes, currency fluctuations and a fuel bill that is €350 million ($419 million) higher than last year’s.
The board of Norwegian Air Shuttle (NAS) has rejected two offers for a full takeover by International Airlines Group (IAG) since the group made public its initial small investment.
