Swiss International Air Lines (SWISS) will wet lease up to eight Embraer E190-E2s from regional carrier Helvetic Airways in an expansion of the airlines’ partnership.
Global passenger traffic growth and manufacturer delivery delays helped Air Lease Corp. (ALC) post a 48% net profit increase of $146.6 million for the third quarter (3Q) compared to the year-ago period.
Turkish Airlines reported a $755 million net profit for the first nine months—nearly tripled from a net profit of $263 million for the year-ago period.
Volotea, a Spanish LCC specializing in point-to-point service between Europe’s secondary cities, plans on steady growth in fleet, network and revenues next year
International Airlines Group’s (IAG) Iberia is moving out of survival mode and looking to Latin America as a key pillar of the Spanish flag carrier’s future strategy.
Central and Eastern European LCC Wizz Air has cut its full-year profit forecast because of disruption during the summer season and higher fuel prices, as it reported a first-half rise in passenger numbers and revenue.
Kazakhstan flag carrier Air Astana plans to launch LCC FlyArystan in the first half of 2019, in response to a rapidly changing local and regional airline business environment.
Global airline passenger traffic growth slowed to an eight-month low of 5.5% year-over-year (YOY) in September, down from 6.4% the previous month, according to IATA’s Air Passenger Market Analysis.
Yakutia Airlines has negotiated with several carriers to perform international flights for the company after Russian authorities suspended the airline’s international operations.
Hong Kong’s privacy commissioner is launching an investigation of Cathay Pacific because of a recent high-profile data security breach that affected millions of customers.
Icelandair agreed to buy local rival WOW Air Nov. 5 in a move that could end a battle for dominance at both carriers’ Keflavik home base. The airlines will maintain their brands and operate as separate entities following different models, according to the takeover agreement.
Global air freight demand grew by 2% in September from the year-earlier period, flat from August, but less than half the five-year average growth rate of 5.1%.
Brazilian LCC GOL Airlines, battered by higher fuel expenses and currency fluctuations, posted a steep third-quarter loss of BRL409 million ($110 million), reversed from a net income of BRL329.9 million in the year-ago quarter.
Japan’s All Nippon Airways Holdings (ANA) reported a 2018 first-half net profit of ¥73.7 billion ($651 million), down 38% compared to net profit of ¥118.3 million in the 2017 1H, although the prior-year profit was boosted by extraordinary income as Peach Aviation became a consolidated subsidiary.
Germania Group will base an Airbus A319 at Pristina International Airport next year and plans to open new routes between Kosovo’s capital and Germany in association with Air Prishtina.
International Airlines Group (IAG) CEO Willie Walsh believes there is a real likelihood that the Qatar Airways’ CEO will follow up on his public statements and take the Doha-based carrier out of the oneworld global alliance.
Ireland-based capacity provider Stobart Air will lease two Embraer E190 regional jets to plug a gap in BA CityFlyer’s fleet and operate services from London City Airport.
Aircastle, citing program slippage and not soft customer demand, will not take three Embraer E-Jet E2s as scheduled in 2019, the lessor’s top executive confirmed.
Faced with a significant rise in fuel costs, Royal Jordanian reported a third-quarter (3Q) net profit decline of 28% to JD22.9 million ($32.3 million) compared to the year-ago period.
Hainan Airlines Holding reported a net profit of CNY729 million ($106 million) for the first nine months, a 73.6% decline compared to the year-ago period.
