Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, turned around its profitability picture in 2017, posting a $428.9 million net profit, reversed from a $161.6 million net loss in 2016.
Ireland-based ASL Aviation Holdings has reorganized its Swiss operating unit ASL Airlines Switzerland and handed back the latter’s air operator’s certificate (AOC) to Swiss regulatory authorities.
Worldwide passenger traffic grew 7.6% in 2017, outpacing the 10-year average annual growth rate of 5.5%, as passengers responded to an overall improvement in the global economy and lower airfares, according to IATA’s Air Passenger Market Analysis for December 2017.
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported $194.9 million net income for 2017, an 11.2% drop from its $219.6 million net profit in 2016.
Central and Eastern European LCC Wizz Air reported a third-quarter net profit of €14 million ($16.8 million), down 57% on the year-ago period, despite strong ticket and ancillary revenues as well as passenger growth.
Strong demand for manufacturing exports stoked the air freight sector to its best performance in seven years, as global cargo traffic grew 9% year-over-year (YOY) in 2017, according to IATA’s December Air Freight Market Analysis, released Jan. 31.
Japan’s ANA Holdings—the parent company of All Nippon Airways, Peach Aviation and Vanilla Air—expects profits at its two low-cost affiliates to grow fastest until 2022 as the carriers continue to expand.
2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year fourth quarter or equivalent, generally covering October-December 2017.
Spanish LCC Volotea recorded a 42% jump in passenger numbers in 2017, reaching 4.8 million, up from 3.4 million in 2016, beating the Barcelona-based airline’s predictions.
French low-cost, long-haul carrier French Blue is changing its name to French Bee to avoid legal problems after objections about its name from US LCC JetBlue Airways.
United Airlines, broadening its used-aircraft acquisition strategy to widebodies, will add three Boeing 767-300ERs to its fleet in 2018, continuing a trend that has seen it tap the second-hand market to boost its fleet significantly in the past two years.
UK LCC easyJet is boosting capacity to European leisure destinations from its new Berlin-Tegel base, but the airline is taking a cautious approach towards expanding German domestic flying.
Air France-KLM is examining low-cost long-haul among other business models as it responds to a fast-changing air transport environment, playing down reports that it was presenting more concrete plans for a low-cost long-haul carrier.
The US and Qatar have reached “understandings … on civil aviation” aimed at addressing the concerns of US major airlines about alleged subsidies to Gulf carriers.
China Eastern Airlines (CEA) and XiamenAir canceled 176 proposed additional cross strait flights for the month-long Spring Festival following the Taiwan aviation authority’s (CAA) rejection once again.
US secretary of state Rex Tillerson will finalize an agreement with Qatar on Jan. 30 in which state-owned Qatar Airways will commit to be more financially transparent and declare that it has no plans to operate fifth freedom flights to the US.
Increasing fuel prices are creating significant challenges for Vietnam’s domestic LCC market as the gap narrows between full-service carriers and LCCs.
China Eastern is accelerating its strategic transformation to build an aviation ecosystem in an effort to alleviate mainline aviation business risks and boost ancillary revenue.
