Airlines & Lessors

Greek carrier Aegean Airlines reported a 2019 second-quarter net income of €22 million ($25 million), up 30% from €17 million in the year-ago period, as a result of consistent growth and efforts to extend the tourism season.

FedEx Corp. revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing shares to fall nearly 13% in trading Sept. 17.

Turkish LCC Pegasus Airlines has sold its 49% stake in Kyrgyz subsidiary Air Manas.

Air Mauritius is reviewing its business model and network in response to growing competition at the airline’s Indian Ocean base.

France wants the would-be buyers of Aigle Azur’s activities to improve their bids and take on more of its employees, France’s secretary of state for transport Jean-Baptiste Djebbari said Sept. 17.

A deadline for would-be investors in Alitalia to present their business plan for the relaunch of the bankrupt Italian flag carrier has been pushed back once again, this time to Oct. 15, a union source confirmed to ATW.

A surge in the price of jet fuel after weekend attacks at several Saudi Arabian oil facilities appears likely to pressure airlines’ margins in the 2019 fourth-quarter and beyond, analysts said.

Scandinavian LCC Norwegian Air Shuttle has secured some financial breathing space, after its bondholders voted in favor of changes to their investment terms.

Virgin Australia has moved to reverse the partial spinoff of its loyalty program, reaching a deal to buy back the stake it had previously sold.

Air France and Groupe Dubreuil may make a joint offer to take over Aigle Azur’s activities, a French minister said, as a commercial court prepares a decision on the bankrupt French leisure carrier’s future.

Express-cargo startup CargoLogic Germany (CLG) has secured its air operator’s certificate (AOC) from the German CAA and is ready to begin commercial operations with two converted Boeing 737 freighters.

United Airlines will continue its aggressive growth for as long as it helps meet fundamental goals the airline sets, such as margin and earnings-per-share targets, president Scott Kirby said.

The co-pilot of an Airbus A319 on approach to land left the flightdeck after experiencing an anxiety attack, the UK’s Air Accidents Investigation Branch (AAIB) has revealed.

Ireland-based lessor AerCap has signed an agreement to sell a second portfolio of aircraft to Saudi Arabia’s NCB Capital and will provide new aircraft to long-term customer Air Macau.

EasyJet CEO Johan Lundgren plans to formally launch the airline’s new direct hotels partnership later this year and sees opportunities to expand existing bases to create economies of scale.

Airline entrepreneur David Neeleman has started the process of setting up another airline in the US in addition to the planned Airbus A220 operator Moxy.

Groupe Dubreuil, the parent company of Air Caraïbes and French Bee, is interested in the Paris Orly slots belonging to Aigle Azur, the company’s top executives said Sept. 12.

Russia’s S7 Airlines has named Vadim Klebanov as CEO to succeed Vladimir Obyedkov, who has stepped down from the position.

Chile’s LATAM Airlines Group has announced longtime CEO Enrique Cueto will step down March 31, 2020, to be replaced by current chief commercial officer (CCO) Roberto Alvo.

Greek airline Ellinair will increase the number of aircraft based at Moscow’s Vnukovo International Airport under a partnership between the airport and Ellinair parent Mouzenidis Group.

Delta Air Lines has acquired enough shares to lift its ownership of Korean Air’s parent company almost to its 10% target.

Cathay Pacific Airways has reported substantial drops in passenger traffic for August, in its first monthly results to detail the effects on demand from Hong Kong’s continuing civil unrest.

A deadline for Alitalia’s rescue consortium to present a business plan looks set to be pushed back once again, the latest delay in a long-running bid to map out a relaunch strategy for the bankrupt airline.

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

Airbus and Boeing commercial aircraft gross orders for 2019 year-to-date, sorted by most-recent date of order placement with manufacturer.