The Vietnam Airlines group announced a net profit before tax (PBT) of VND3.3 trillion ($142 million) for the first nine months of 2019, up 35.7% year-on-year (YOY), which accounts for 97.9% of the carrier’s annual target.
Air Astana’s LCC FlyArystan carried more than 455,000 passengers during its first six months of commercial operations and is setting its sights on continued growth.
Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year.
Ryanair posted a flat net profit of €1.15 billion ($1.28 billion) for the first half of its 2020 fiscal year and lowered its 2021 growth outlook because of the delayed deliveries of its Boeing 737 MAX aircraft.
Japan Airlines (JAL) reported a net profit of ¥51.2 billion ($472.2 million) for the six months through Sept. 30, down about 30% from the profit of ¥73.4 billion in the same period a year earlier.
Chinese LCC Spring Airlines reported a net income of CNY1.72 billion ($238 million) for the first nine months of the year, up 21.7% compared to the year-ago period.
International Airlines Group (IAG) Spanish airline subsidiary Iberia plans to buy Air Europa from its current owner Globalia in a €1 billion ($1.12 billion) deal that is set to transform its Madrid base into a “true rival” to Europe’s biggest hub airports.
Utah-based SkyWest Airlines grew its third-quarter net income by 10%, as the US regional carrier continued to benefit from its ongoing fleet initiatives and a more efficient footprint following the sale of ExpressJet Airlines in January.
Swiss International Air Lines (SWISS) and Swiss Federal Railways will expand their Flugzug (Airtrain) service to connect more rail stations with Zurich Airport.
China’s Hainan Airlines Group posted net income of CNY108.4 million ($15.4 million) in the third quarter, down 40% from 3Q 2018, as costs outpaced operating revenue but were offset by other income.
In the face of stiff competition from LCCs in Vienna, Austrian Airlines will undertake an aggressive cost-cutting effort in 2020 and eliminate hundreds of jobs.
Atlas Air’s net income fell 18% in the third quarter, as global trade tensions and an ongoing dispute over a new pilot contract continued to weigh on the cargo carrier’s bottom line.
Qatar Airways will postpone the retirement of its current Boeing 777s to compensate for delivery delays of the new 777X variant, group CEO Akbar Al Baker said.
International Airlines Group’s (IAG) third-quarter net profit fell 10.6% to €1 billion ($1.1 billion), impacted by a €155 million initial hit from the British Airways (BA) pilot strikes and higher fuel costs.
Air China’s net income rose 4.4% in the third quarter to CNY3.6 billion ($510 million), compared to CNY3.45 billion in the year-ago period, as costs fell and traffic grew.
The Russian government intends to provide a RUB4.9 billion ($76.6 million) subsidy to the State Transport Leasing Co. (STLC) for the acquisition of additional aircraft.
Singapore Airlines (SIA) and Malaysia Airlines Berhad (MAB) will deepen their partnership with a new agreement that incudes expanded codeshare networks, joint marketing and shared revenue on flights between the two countries.
Emirates Airline president Tim Clark sees an opportunity to expand into the UK regions, given ongoing congestion issues at the country’s London hub airports and the cancellation of the Airbus A380 program.
