Supported by strong demand for travel and a decline in fuel costs, IATA expects airline industry profits to rise again in 2019 following a dip this year.
Avianca Brazil reportedly filed for bankruptcy protection Dec. 11, stemming from a potential repossession of 21% of its fleet by the aircrafts’ lessor.
Air France has appointed Anne Rigail as its new CEO, taking over from Air France-KLM Group CEO Benjamin Smith who temporarily led the French unit following the resignation of Franck Terner in September.
Annual growth in global passenger demand rebounded to 6.3% in October from an eight-month low of 5.5% in September, although the upward trend in demand has slowed over the past six months, according to IATA.
Aer Lingus has identified Hartford (Connecticut), Minneapolis/St. Paul (Minnesota) and Montreal (Canada) as the Ireland flag carrier's first North American routes to be operated by the Airbus A321 long-range (LR) version of the A321neo, scheduled for delivery from June 2019.
Former Hawaiian Airlines CEO Mark Dunkerley is reportedly a leading contender to take over the reins of the Virgin Australia Group after long-time CEO John Borghetti steps down.
Slovenian carrier Adria Airways has received €4 million ($4.6 million) in additional funding from its German owner 4K Invest, ahead of a further €10 million capital injection planned for the first quarter of 2019.
Southwest Airlines continues to see capacity growth outpace revenue passenger mile (RPM) additions, underscoring the airline’s need to boost unit revenue through efforts such as its recent fare increases.
Irish lessor Avolon has confirmed an order for 75 Airbus A320neos and 25 A321neos in the single largest order for aircraft from the European manufacturer ever placed by the Dublin-headquartered company.
AirAsia Group has moved forward with plans to establish an LCC in Vietnam by signing an MOU with a Vietnamese businessman, reaffirming an earlier joint venture (JV) agreement.
UK long-haul carrier Virgin Atlantic has no immediate plans to join the SkyTeam alliance, despite being part-owned by US SkyTeam member Delta Air Lines and alliance partner Air France-KLM being in the process of buying a stake in the carrier.
The airline division of UK travel operator Thomas Cook Group weathered summer European aviation disruptions to post a 37% profit growth to £129 million ($150 million) for the financial year ended Sept. 30.
Hawaiian Airlines has adjusted its fourth-quarter (4Q) guidance, reflecting slightly weaker unit revenue and lower costs. The airline now expects 4Q unit revenue will be down 3%-5% year-over-year.
The oneworld global alliance announced Dec. 5 that Royal Air Maroc (RAM) will become its 14th full member airline, likely being inaugurated in mid-2020.
A group of 11 senators have called on the US government to examine whether Qatar Airways’ financial support for Air Italy may violate a commitment by the state-owned airline not to conduct fifth freedom flights to the US.
Mesa Air Group, the holding company for Phoenix-based regional carrier Mesa Airlines, reported net income of $33.3 million for FY2018, up 1.5% from the $32.8 million recorded during FY2017.
Scandinavian Airlines (SAS) posted an increased net profit for its 2017-18 fiscal year, citing a combination of strong passenger demand, nimble capacity allocation and increased internal efficiencies.
