Air Canada reported a 9.4% year-over-year (YOY) drop in third-quarter net income as the absence of its Boeing 737 MAX aircraft took a toll on peak summer operations.
Just three months after taking the helm of Philippine Airlines Holdings (PAH), Gilbert Santa Maria has resigned from his position as president of Philippines Airlines’ (PAL) parent company, citing “personal reasons.”
WestJet reported net income of C$119.4 million ($91.4 million) in the third quarter, up 70% from a restated C$70.1 million in the year-ago period, as a record load factor and improved yield boosted revenue.
All Nippon Airways (ANA) reported its net profit for the six months through Sept. 30—its fiscal first half—dropped by 23% to ¥56.7 billion ($520.6 million).
Italy has authorized a further delay to the deadline for the presentation of a formal business plan for Alitalia’s relaunch, further prolonging uncertainty over the bankrupt carrier’s future as the final line-up of its rescue consortium remains unclear.
Mexican ultra-LCC Volaris posted a MXP713 million ($38 million) net profit in the 2019 third quarter, a strong turnaround from the MXP119 million net loss realized in 3Q 2018 and driven by increased domestic market share and a stabilizing regional economy.
Scottish regional airline Loganair plans to build a fleet of around 20 ATR 42-500 turboprops over the next several years as it begins to replace its long-serving Saab 340s and 2000s.
Revenue gains and cost-cutting initiatives continued to reap benefits for Alaska Air Group as the company posted third-quarter net income of $322 million, up 48% from $217 million in the year-ago period.
Dublin-headquartered flight operations specialist Six West plans to act as an intermediary for higher-risk leases, allowing lessors to place aircraft on its newly secured Maltese air operator’s certificate (AOC).
Southwest Airlines’ 2019 third-quarter results topped analysts’ expectations, as strong passenger demand and timing of maintenance events helped offset challenges related to the grounding of its 34 Boeing 737 MAX aircraft.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses, operating margins and net income/losses for each airline's 2019 fiscal third quarter or equivalent.
Qantas reported stronger demand in its international market for the three months through September, despite a drop-off in the Hong Kong market in recent months.
American Airlines’ adjusted net income for the 2019 third quarter increased 15% year-over-year (YOY), despite continued operational challenges related to the ongoing grounding of the Boeing 737 MAX and a labor dispute with its mechanics.
Norwegian Air Shuttle reported a 28% increase in third-quarter net income and aims to further prioritize profitability over expansion through a joint venture (JV) with a Chinese company that will finance, own and lease aircraft the carrier has on order.
JetBlue Airways will halt its daily flights to Mexico City and redeploy the capacity to focus on more profitable operations in Latin America and the Caribbean.
Boeing remains confident the Boeing 737 MAX will be cleared to fly in at least some parts of the world by year-end, even as it acknowledges that regulatory reviews of required changes are taking longer than its return to service timeline assumes.
Bhutanese flag-carrier Drukair has taken delivery of its first ATR 42-600 turboprop, equipped with new avionics tailored to handle the challenging Himalayan environment.
