Culled from IATA's 2017 Airline Safety Performance report, an overview of total accidents, fatal accidents, and fatality totals for commercial aviation flights, specifically scheduled/carter passenger or cargo service.
Air Lease Corp. (ALC) received a $354 million benefit from the December 2017 US tax reform legislation, pushing the Los Angeles-based commercial aircraft lessor to a $756.2 million net profit for 2017, more than doubling ALC’s $375 million net income in 2016.
Thai AirAsia (TAA) intends to grow its fleet and network this year, as the carrier looks to capitalize on Thailand’s surging international tourist numbers.
Fast-expanding Turkish Airlines has been described as the carrier that makes even the Gulf "Big 3" nervous. Bilal Eksi talks about aircraft orders, airports and Africa.
International Airlines Group (IAG) is reviewing the future fleet composition of its new long-haul LCC Level now that the airline has produced encouraging results in its first seven months of flying.
Tianjin Cargo Airlines has secured approval for three Boeing 737 family freighters from the Civil Aviation Administration of China (CAAC), paving the way for a May 2 launch.
Reflecting a 20% increase in volumes and a 17% rise in full-year revenues, Atlas Air Worldwide Holdings posted a $223.5 million net profit for 2017—a fivefold increase over the Purchase, New York-based air freight carrier’s $41.5 million net income for 2016.
Encouraged by much-improved results across all airline units and robust unit revenues, International Airlines Group (IAG) plans to expand capacity significantly in 2018, a move met with concerns by investors.
Mexico City-based ultra-LCC Volaris—faced with a very competitive low-cost market combined with fluctuating currency exchange rates—posted a MXP595 million ($30.2 million) full-year net loss for 2017, reversed from MXP3.5 billion net profit in 2016.
Dubai-based hybrid carrier flydubai reported a full-year profit of AED37.3 million ($10.1 million) for 2017, up 18% on a net profit of AED31.6 million in 2016.
A solid fourth-quarter performance in passenger revenue and cost containment pushed Panama City-based Copa Holdings toward a $370 million net profit for 2017, up 10.6% over the company’s $335 million net income in 2016.
CFM International has named Sébastien Imbourg as EVP, replacing François Bastin who has been appointed EVP-commercial engine programs for Safran Aircraft Engines (SAE).
Long-haul LCC AirAsia X is targeting further fleet and network growth this year, supported by healthy improvement in the carrier’s financial performance.
SunExpress, a joint venture of Lufthansa and Turkish Airlines, reported a €1.2 billion turnover ($1.4 billion) for 2017, the highest turnover in its history.
HNA Group, struggling to raise cash, is likely to sell shares in more of its subsidiary carriers after securing further local government investment in Tianjin Airlines, industry sources close to the group say.
Leisure carrier Meridiana plans to rebrand as Air Italy, according to the Sardinia, Italy-based airline and Qatar Airways, which has a 49% stake in the carrier.
LCC Norwegian reported a NOK299 million ($36.4 million) net loss for 2017, a sharp reversal from a NOK1.13 billion net profit in 2016. The LCC cited rapid expansion, increased fuel prices and disruption-related costs for the loss.
