Airlines & Lessors

Hong Kong-based Cathay Pacific Airways and subsidiary Cathay Dragon continue to see passenger numbers slide in October as anti-government protests go into its 23rd week, with demonstrations becoming increasingly violent.

Greek regional Astra Airlines has not operated any flights since Nov. 9, as a result of financial problems.

Airbus and Boeing commercial aircraft deliveries for 2019 year-to-date, sorted by most-recent delivery date.

Aspiring US airline startups face a daunting challenge finding a niche and loyal customers in the current marketplace, but the right strategy—combined with new, more versatile narrowbodies—could help level the playing field.

South African Airways (SAA) is embarking on a restructuring process that may lead to cutting approximately 944 out of 5,149 jobs.

A consortium including Korea’s Hyundai Development Co. has been named as the preferred bidder to take control of Asiana Airlines.

Scandinavian Airlines (SAS) now expects to make a pre-tax profit for its current financial year, an improvement on earlier forecasts.

Airlines will manage the capacity spike that the Boeing 737 MAX’s return will create, helped in part by what is shaping up to be a phased return, AerCap CEO Aengus Kelly said.

The founder and chairman emeritus of JG Summit Holdings, John Gokongwei Jr., died Nov. 9.

Philippine Airlines Holdings’ (PAH) newly appointed president and COO, Lucio Tan Jr., passed away suddenly Nov. 11 after collapsing during a basketball match on Nov. 9.

Alaska Air Group has announced a series of leadership changes, splitting the president and COO role at Alaska Airlines and naming a new president to the group’s regional subsidiary Horizon Air.

Eight months after the collapse of WOW Air, a new Icelandic LCC has emerged with plans for services to Europe and North America.

After a period of accelerated expansion, Finnair said it will now focus on growing in line with the market as it updated its 2020-2025 strategy.

Shanghai-based Juneyao Air has announced that it has increased its stake in subsidiary LCC 9 Air from 83.3% to 95.2%.

Cathay Pacific has decided to place half of the group’s Airbus A321neo orders to newly-acquired LCC subsidiary Hong Kong Express.

British Airways parent company International Airlines Group (IAG) is cutting planned capacity growth by more than half over the next three years and taking over responsibility for many of its airline unit corporate functions.

Jazeera Airways increased its net profit for the first nine months of 2019, as the hybrid carrier said it continues to expand its network based on “solid” operations.

Air Macau is studying the feasibility of introducing Airbus A330 or A350 widebodies into its fleet, according to Chinese media reports.

Singapore Airlines (SIA) hopes to reap more ancillary revenue from its digital services, namely the KrisFlyer membership program and the KrisShop e-commerce platform, as the company nears the end of its three-year transformation plan.

Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months and warned of a possible loss for the financial year.

Swiss International Air Lines (SWISS) posted adjusted earnings before interest and tax (EBIT) of CHF490 million ($493.5 million) for the first nine months, down 11% from CHF549 million a year ago.

Faced with declining profit margins, Lufthansa Group is making cuts to fleet investments, and accelerating aircraft retirements and cost reduction measures.

Emirates Airline saw its net profit nearly quadruple in the first half of its financial year, but warned that stiff competition would put pressure on the aviation industry in the second half.

Norwegian Air Shuttle has raised NOK2.5 billion ($273 million) through a share sale and bond issue, leaving it “fully funded through 2020 and beyond,” the LCC said.

Virgin Australia has announced significant network cuts and the retirement of more of its older aircraft as the company makes adjustments in an effort to improve its financial health.