Alaska Air Group reported a $1 billion net profit—in GAAP terms—for full-year 2017, incorporating a one-time $274 million tax benefit associated with the US tax reform legislation enacted in late December 2017.
A one-time non-cash gain related to the recent US tax reforms helped to lift JetBlue Airways to a $1.1 billion net profit in 2017, the New York-based carrier said Jan. 25.
Southwest Airlines “turned the corner” on unit revenue growth in 2017, edging into positive territory for the full year, and expects RASM momentum to continue in 2018 with 1%-2% year-over-year (YOY) growth in the first quarter, chairman and CEO Gary Kelly said.
United Arab Emirates (UAE)-based lessor Dubai Aerospace Enterprise (DAE) will retain its strong focus on new-generation, narrowbody aircraft as it seeks to expand its portfolio over the next few years, DAE CEO Firoz Tarapore said at the Annual Global Airfinance Conference in Dublin, Ireland.
New, fast-growing Chinese leasing companies are experiencing rapid changes as they cope with the scale of growth, several executives from the region said at the Annual Global Airfinance Conference in Dublin.
American Airlines chairman and CEO Doug Parker vigorously defended the carrier’s plans to grow system capacity 2.5% year-over-year (YOY) in 2018 and encouraged investors to distinguish between different kinds of airline growth.
New easyJet CEO Johan Lundgren said his greatest challenge will be juggling multiple opportunities in 2018, including the acquisition of parts of German carrier airberlin and a potential Alitalia bid.
Fierce competition has forced Air Seychelles to cut its Paris route, which generates 30% of revenue, as well as two Airbus A330s and an undisclosed number of staff under a wide-ranging restructuring plan.
LCC Norwegian remains confident of its future despite concerns in some quarters that its aggressive route expansion strategy may not be sustainable, the airline’s CFO said Jan. 24.
GE Capital Aviation Services (GECAS) is attempting to steer a middle course between picking up new assets and portfolios of aircraft from competitors, while not allowing the thrill of the mergers & acquisitions (M&A) sector stampede it into unwise deals, president and CEO Alec Burger said Jan. 24.
Irish lessor Avolon CEO Domhnal Slattery sought to reassure the aircraft finance industry that liquidity issues at its parent HNA Group are not impeding its own business.
New Argentine startup Flybondi plans to grow its fleet to around 30 aircraft by the end of 2021 as the ultra-LCC prepares for its first commercial flight.
China Express Airlines has secured approval for an initial public offering (IPO) to expand its fleet, becoming the first regional carrier in China to launch an IPO.
Wizz Air’s Central and Eastern European backyard will continue to provide strong growth for the carrier, but market strength is providing a lifeline for some airlines that should no longer still be in business, CFO Iain Wetherall said Jan. 24.
United Airlines plans to grow system capacity 4%-6% year-over-year (YOY) in 2018, 2019 and 2020, an aggressive pace of growth that is likely to be faster than main rivals American Airlines’ and Delta Air Lines’ rate of capacity expansion over the next three years.
Boeing’s plan for a new mid-market airplane (NMA) has been met with some hesitation by the aircraft finance and leasing community, as illustrated in comments made by Dublin-based lessor AerCap CEO Aengus Kelly.
UK LCC easyJet has reported a strong first quarter, with revenue growing 14.4% to £1.14 billion ($1.59 billion), boosted in part by failures and struggles among its European competitors.
