Airlines & Lessors

2018 commercial airlines and airline groups passenger, RPK, ASK, load factor, and FTK figures, as of April 30, 2018.
Airlines & Lessors

Kenya Airways is adding capacity as it prepares take back two Boeing 787-8s and three 777-300ERs as their leases expire over the next two years.
Airlines & Lessors

By Alan Dron
Saudi Arabian hybrid carrier flynas again plans to increase its exposure to the long-haul sector, as it seeks to take advantage of growing numbers of religious travelers to the country.
Airlines & Lessors

By Alan Dron
Kuwaiti hybrid carrier Jazeera Airways has attributed an improvement in the traditionally weak 1Q figures to a combination of investments in improving passenger experience, a growing route network and higher asset utilization.
Airlines & Lessors

By Polina Montag-Girmes
Russian authorities have extended the air operator’s certificate (AOC) for Saratov Airlines through May 30 after the carrier resolved issues found in a March inspection that grounded the Antonov An-148 fleet.
Airlines & Lessors

By Mark Nensel
Ongoing fleet transition at SkyWest Inc. continues to drive income growth for the Utah-based parent of regional carriers SkyWest Airlines and ExpressJet Airlines.
Airlines & Lessors

By Sean Broderick
United Airlines parent United Continental Holdings has boosted its stake in Azul Airlines to 8% after purchasing shares in the Brazilian company from China’s HNA Group subsidiary Hainan Airlines.
Airlines & Lessors

By Sean Broderick
United Parcel Service (UPS) saw first-quarter net income rise 15% on the strength of its large US domestic network, helping offset headwinds, including weather disruptions that cost the company a chunk of profit.
Airlines & Lessors

By Adrian Schofield
The Japan Airlines Group’s net profit dropped by 17.5% in the fiscal year ending March 31, although it saw a 2.5% rise in its operating profit for the same period.
Airlines & Lessors

By Adrian Schofield
All Nippon Airways (ANA) Holdings achieved another strong profit rise in its fiscal year ended March 31, driven mainly by a sharp increase in international revenue.
Airlines & Lessors

By Mark Nensel
Fort Lauderdale-based ultra-LCC Spirit Airlines posted a $44.9 million net loss for the first quarter of 2018, reversed from a $31.3 million net profit in 1Q 2017, as $89 million in special charges related to Spirit’s February labor agreement with its pilots impacted the net result.
Airlines & Lessors

Southwest Airlines has exercised 40 Boeing 737-8 options, bringing its total 737 MAX firm orders to 280 aircraft, and plans to retire 40 737-700s as it takes delivery of the additional 737-8s from 2019-2022.
Aircraft & Propulsion

By Sean Broderick
Las Vegas-based Allegiant Travel Co., parent of ultra-LCC Allegiant Air, reported 2018 first-quarter net income of $55.2 million, up 31% from $42.2 million in the 2017 first quarter.
Airlines & Lessors

By Linda Blachly
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.
Airlines & Lessors

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.
Airlines & Lessors

By Helen Massy-Beresford
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.
Airlines & Lessors

By Adrian Schofield
Vietnam Airlines has achieved strong profit growth in the three months through March 31, with its performance exceeding projections for the period.
Airlines & Lessors

By Victoria Moores
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.
Airlines & Lessors

By Polina Montag-Girmes
Russian airlines carried 22.1 million passengers in 1Q 2018, up 12.4% year-over-year (YOY).
Airlines & Lessors

By Karen Walker
Airbus’ new chief salesman joins at a time of transition for the company and the industry.
Airlines & Lessors

Tracking technology will enable the next big leap in bag-handling reliability, which saw a big improvement from 2007 to 2012.

Airlines & Lessors

LCCs and fuel-efficient aircraft are shaking up the transatlantic market

Airlines & Lessors

By Helen Massy-Beresford
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.
Airlines & Lessors

By Mark Nensel
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.
Airlines & Lessors

By Mark Nensel
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.
Airlines & Lessors