Italian rail company Ferrovie dello Stato (FS) appears to be in pole position to acquire bankrupt Alitalia and is in talks with a number of airlines that could partner with it to run the carrier if its bid is successful.
AirAsia X Group, the long-haul arm of LCC AirAsia, recorded a net loss of MYR197.5 million ($47.7 million), deepened from MYR43.4 million loss in the year-ago quarter, as operating costs continue to increase.
EasyJet’s summer 2019 bookings are slightly ahead of last year’s, despite uncertainty over the effect Brexit will have on air transport, as the UK LCC reported a rise in profit for the year ended Sept. 30.
2018 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2018 fiscal year thirdquarter or equivalent, generally covering July-September 2018.
The Civil Aviation Administration of China (CAAC) has given preliminary approval for setting up a China Southern Airlines subsidiary at the new Beijing airport that will open in 2019.
Copa Holdings posted a third-quarter (3Q) net profit of $57.7 million, down 55% from the same period last year—the result of rising fuel costs and weakened currencies in Brazil and Argentina.
Oman Air believes joint ventures (JVs) with codeshare partners would offer greater benefits to the national carrier than membership in a global alliance.
China Southern Airlines will leave the SkyTeam global alliance at the end of next year, a move the airline said will allow it to forge closer ties with other carriers, including oneworld member American Airlines, a part-owner of the Chinese airline.
Spurred by strong demand for air travel in Vietnam, LCC Vietjet Air reported an operating profit for the first nine months of 2018 of VND2.4 trillion ($107 million), up 13% year-over-year (YOY).
Expenses for US carriers outpaced revenues in the third quarter, driving industry-wide profitability to its lowest levels since 2014, according to Airlines for America’s (A4A) latest year-to-date (YTD) operational and financial results, released Nov. 14.
Flybe is looking for a buyer as part of a strategic review and is already in talks with “a number of strategic operators” about a potential sale as it seeks to address the difficult conditions airlines are facing, the UK-based regional carrier said.
The Flight Safety Foundation (FSF) has named MITRE Corp. executive Hassan Shahidi as its new president and CEO, succeeding Jon Beatty. Shahidi will begin his new job in January.
Philippines LCC Cebu Pacific posted a PHP518.4 million ($9.6 million) loss for the 2018 third quarter as rising costs, a weak peso against the US dollar and fleet expansions took their toll.
Singapore Airlines (SIA) Group reported a 68.9% decrease in net profit to S$196 million ($141.9 million) for the six months ending Sept. 30 compared to the year-ago period, as revenue gains could not offset rising fuel costs.
Singapore Airlines (SIA) Group reported a 68.9% decrease in net profit to S$196 million ($141.9 million) for the six months ending Sept. 30 compared to the year-ago period, as revenue gains could not offset rising fuel costs.
Special commissioners are examining the three offers made for Alitalia this week ahead of presenting their conclusions to the government in a long-running process to relaunch the bankrupt carrier.
Fastjet, which has warned it might not survive without equity fundraising, is in the process of selling off the company’s stake in the African LCC’s loss-producing Tanzanian subsidiary, according to local media reports.
