Ukraine International Airlines (UIA) president Yuri Miroshnikov will step down from the position Sept. 12 when his contract expires and will be succeeded by Yevhenii Dykhne, effective Sept. 18.
Airlines that have installed reliable inflight connectivity systems have an opportunity win $33 billion in market share from their competitors, according to economic modeling by the London School of Economics and Political Science (LSE) in association with satellite company Inmarsat.
Disruptions caused by Hurricane Dorian created more financial headwinds during an already sagging 2019 third quarter for Spirit Airlines, removing an estimated $25 million in revenue and pushing unit costs up, the Florida-based ULCC calculates.
Air France and UK LCC easyJet are among the bidders to express interest in taking over all or part of Aigle Azur, as around 13,000 passengers are stranded after the French airline went into receivership and flights were canceled as of Sept. 7.
All-Boeing operator Icelandair has acknowledged the Boeing 737 MAX grounding as a “big challenge,” impacting the carrier’s financial performance, operational planning and efficiency.
Air France has expressed an interest in French leisure carrier Aigle Azur, which is suspending flight operations in the face of financial and operational difficulties.
Latvian hub-and-spoke carrier airBaltic will retain four Boeing 737s for summer 2020, delaying a planned November 2019 phaseout following Estonian rival Nordica’s decision to withdraw from its own scheduled services.
The CEO of Kuwaiti LCC Jazeera Airways believes the low-cost model has huge potential in the Middle East, as many of the region’s airlines are failing to grasp opportunities in the market.
China Eastern Airlines posted a first-half net income of CNY2 billion ($28 million), down 14.8% from CNY2.35 billion in the year-ago period, as increased fuel costs, fluctuating currency rates and global trade disputes increased expenses.
Global demand for air freight dropped 3.2% in July, marking the ninth consecutive month of year-on-year (YOY) volume declines as weak global trade and the intensifying trade dispute between the US and China take their toll.
Emirates Airline is in a stronger position than a year ago despite the macroeconomic and geopolitical challenges it faces in the marketplace, president Tim Clark said at the World Aviation Festival in London Sept. 5.
Colombia’s Avianca Holdings has received a short-term loan of $50 million from Kingsland Holdings, which is expected to strengthen the company’s working capital position while executing its debt re-profiling.
Emirates Airline has promoted two long-time management team members to top leadership positions as president Tim Clark indicated he will stay in his position for longer.
Delta Air Lines continues to see strong demand into the fall and is confident it will hit its third-quarter guidance, although cost pressures are increasing.
Cathay Pacific Airways chairman John Slosar has announced he will step down in November, as the Hong Kong-based carrier faces further leadership changes.
After more than two decades at the head of Ireland-based LCC Ryanair, Michael O’Leary has exchanged his role as CEO of the airline for a similar position at parent company Ryanair Holdings.
