million ($18.9 million), a nearly tenfold increase over the airline’s C$2.4 million net profit in 2016, driven by revenue generated by increased long-haul ACMI flying and chartered hurricane relief flights to the Caribbean.
South African Airways (SAA) said it is taking “urgent steps” to address concerns raised by the country’s Auditor General (AG) in a report on the financially troubled carrier.
Air Canada is confident that joint-venture (JV) talks with Air China will be wrapped up this year, laying the groundwork for even closer cooperation between the two airlines, a top executive for the Canadian flag carrier said.
Laudamotion, the rebranded bankrupt airberlin Austria-based subsidiary NIKI, will launch March 25 with an interim branding on former airberlin aircraft.
Lithuanian leisure carrier Small Planet Airlines said it would add six Airbus aircraft to its fleet in 2018, taking the total up to 28, and expects to become the largest carrier in the Baltic States in terms of passengers, fleet and revenue this year.
Santiago-based LATAM Airlines Group reported a $155.3 million net profit for 2017, more than doubling the group’s $69.2 million net income in 2016, on the back of the company’s highest full-year operating income ($715 million, up 25.8% from 2016) since its formative merger six years ago.
The Tianjin municipal government has injected CNY120 million ($19 million) into Tianjin Cargo Airlines to enable it to launch in this year’s first half.
Virgin Atlantic Cargo said its 2017 volumes reached a five-year high and revenues rose 9% to £199.6 million ($279 million), driven by strong growth in shipments of pharmaceuticals and e-commerce goods.
Lufthansa is forced to slow down its 2018 capacity expansion, as the airline struggles to find additional aircraft and discovers the build-up of low-fare unit Eurowings is taking longer than expected.
American Airlines, hampered by higher fuel prices, is setting up to have a “slightly off” year, but still expects to generate a profit that falls within its notional target range, CEO Doug Parker told attendees at this week's J.P. Morgan Global Aviation and Transportation Conference.
Lufthansa’s supervisory board has extended the contract of the group’s CEO Carsten Spohr by five years, assuring continuity at Europe’s largest airline.
A new Belgian airline—Air Belgium—with backing from a huge Chinese travel agency has received its air operator’s certificate (AOC) and plans to begin flying to China in April, beginning with a service to Hong Kong.
Chicago-based United Airlines assumed “full responsibility” for the death of a passenger’s dog on United flight 1284 from Houston Bush Intercontinental Airport to New York LaGuardia Airport the evening of March 12.
Singapore-headquartered lessor BOC Aviation has announced a record $587 million net profit for the full year ended Dec. 31, 2017, marking a 40% increase on the prior year.
International Airlines Group (IAG) CEO Willie Walsh has said the board is keen to pursue the more ambitious of two possible plans for long-haul LCC Level.
Hong Kong flag carrier Cathay Pacific has reported a deeper group-wide loss of HK$1.3 billion ($160.6 million) for 2017, although a return to profit in the second half signals its transformation plan is yielding results.
Citing strong network-wide demand, United Airlines raised first-quarter PRASM guidance to up 1%-3% and said pre-tax margins, expected to be flat before, could be up 1% or more.
Hawaiian Airlines has raised its revenue forecast for the first quarter, although it has also trimmed its full-year capacity outlook because of delays in Airbus A321neo deliveries.
Former Royal Dutch Shell executive Dick Benschop has been named as the next president and CEO of Amsterdam Schiphol Airport operator Royal Schiphol Group.
