Lufthansa Group reported a 2018 first-quarter net loss of €57 million ($70.2 million), narrowed from a net loss of €68 million in the year-ago quarter. Group revenue for the quarter was down slightly to €7.6 million, down 0.7% compared to the 2017 1Q.
American Airlines reported a 45.2% year-over-year (YOY) drop in first-quarter net income from $340 million to $186 million as soaring fuel costs overwhelmed an otherwise positive business environment for the Dallas/Fort Worth-based carrier.
Norwegian Air Shuttle reported a first-quarter net loss of NOK46.2 million ($5.9 million), compared with a net loss of NOK1.5 billion in the year-ago period, helped by a NOK1.9 billion financial gain from reclassification of its investment in bank Norwegian Finans Holding.
Oneworld carrier Finnair’s double-digit growth strategy has resulted in a €1.6 million ($1.95 million) first-quarter net profit, reversing an €8 million prior-year loss.
New Belgian airline, Air Belgium, said it would delay its first flight to Hong Kong from April 30 to June 3 as it has not yet received permission to fly through Russian airspace.
Hawaiian Airlines parent Hawaiian Holdings reported a $28.5 million net profit for the first quarter of 2018, down 15.2% from $33.6 million in 1Q 2017, reflecting the impact of expenses and “challenges” related to the delivery delay of the airline’s forthcoming Airbus A321neos.
Fort Lauderdale-based regional carrier Silver Airways finalized its purchase of San Juan, Puerto Rico-based Seaborne Airlines April 23, creating a combined fleet of 31 aircraft serving Florida, the Bahamas, and the Caribbean.
Air China has secured clearance from the CAAC North China Regional Administration to relaunch its business jet subsidiary, Beijing Airlines, for public passenger transport, which could pave the way for Air China to get a position at Beijing’s new airport, expected to open in 2019.
New York-based JetBlue Airways reported $88 million in net profit for the first quarter of 2018, reflecting a 6.1% rise in RASM despite a 1% loss in capacity during the sequence of winter storms hitting the US northeast during the quarter.
Lufthansa LCC subsidiary Eurowings will end its cooperation agreement with Austrian startup LaudaMotion by the end of May, LaudaMotion confirmed to ATW.
Oman Air has unveiled a new first-class “mini-suite” on its fleet of Boeing 787s, as it responds to new premium products from other Gulf carriers such as Emirates Airline and Qatar Airways.
South African Airways (SAA) recorded a net loss of ZAR5.4 billion ($438 million) for the 2016-17 financial year, which ended March 31. The loss was more than three times greater than 2015-16’s restated figure of ZAR1.48 billion.
United Airlines signed a deal to add 20 used Airbus A319s and moved another 23 aircraft it operates from leases to its own balance sheet, continuing its trend of re-shaping the capital costs of its operating fleet.
Central and eastern European LCC Wizz Air has no interest in offering connecting flights like Irish-LCC Ryanair practices at some airports such as Italy’s Milan Bergamo.
Slovenia’s Adria Airways is on track for profitability and growth, CEO Holger Kowarsch told ATW on the sidelines of the European Regions Airline Association (ERA) conference in Vienna.
