Istanbul-based Turkish Airlines reported a 3Q net profit of $697 million, up significantly from the $184 million profit in the year-ago period, as traffic demand returned and revenues rose.
Lower profit warnings at UK-based regional airline Flybe proved accurate as the company’s half-year FY 2017/2018 results showed an adjusted profit before tax for the six-months ending Sept. 30 of £8.4 million ($11.3 million), down 7.5% from £15.9 million in the year-ago period.
São Paulo-based LCC GOL’s third-quarter net profit rebounded as the airline stuck to a “strong discipline in the supply of seats, high load factors and unrelenting cost control” according to GOL CEO Paulo Kakinoff.
Atlas Air Worldwide Holdings faces “intensifying operational and staffing crises” resulting from “mismanagement”—not because of a pilot work slowdown—the union representing the cargo operator’s pilots said.
Finnair will again take full control of its regional airline, Nordic Regional Airlines (Norra), in November after the transaction secured clearance from Finland’s competition authorities.
Royal Jordanian (RJ) has outlined a five-year turnaround plan that the Jordan flag carrier hopes will consolidate its currently improving financial position.
Irish LCC Ryanair has rolled out a series of new digital initiatives as part of its Always Getting Better (AGB) improvement program, including connecting flights at Porto Airport in Portugal.
Profits, revenue and passengers all kept pace at Central and Eastern European LCC Wizz Air, as it reported substantial improvements in the first half of its financial year.
Atlas Air Worldwide Holdings president and CEO Bill Flynn said he expects a US federal court ruling later this month on a preliminary injunction sought by the company to stop what Atlas is calling “illegal, intentional work slowdowns and service interruptions” by its pilots.
US cargo specialist FedEx Express will become the launch customer for the line-produced ATR 72-600 freighter, after placing a firm order for 30 aircraft, plus 20 options.
Grupo VivaAerobus, holding company of Mexican LCC VivaAerobus, posted a MXN409 million ($22.5 million) net profit for the 2017 third quarter, up 33.1% over MXN307.5 million net income in 3Q 2016.
British Airways (BA) will retain its first-class cabins, but will not go the way of US airlines in effectively having three classes of passengers on its domestic and short-haul services, BA CEO Alex Cruz said.
China’s Spring Airlines reported a 2017 third-quarter net profit of CNY634 million ($95 million), up 48% compared to a CNY430 million net income in the year-ago quarter.
Global air passenger traffic slowed in September to a 5.7% year-over-year increase, its weakest growth rate since February, but largely a temporary lapse attributable to the impacts of hurricanes on Latin and North America and a typhoon on Japan, according to IATA’s September Air Passenger Market Analysis.
Swiss International Air Lines’ (SWISS) subsidiary Edelweiss Air will add three leased Lufthansa Airbus A320s from Macquarie Group as part of its expansion plans.
Sharjah-based LCC Air Arabia overcame continuing pressure on yields in posting a 2017 third-quarter net profit of AED376 million ($102 million), an increase of 27% on the same period a year previously.
The new Dubai World Central Airport (DWC) would allow Emirates Airline to operate 200 Airbus A380s – twice as many as it has today, the carrier’s president said Friday.
As inflight connectivity provider Gogo continues the rollout of its latest satellite-based inflight internet technology, it is also working to upgrade its air-to-ground system with faster speeds.
The Bombardier CSeries is “already largely a US product” and contains more US-produced content than the Boeing 787, Bombardier president and CEO Alain Bellemare said.
Stronger performances in Asia and Latin America were two of the main factors behind the Air France-KLM group of airlines posting net profits of €552 million ($643 million) for 3Q 2017, up 1.5% on the year-ago period.
Hainan Airlines reported a net profit of CNY1.6 billion ($240.3 million) in the third quarter—down 5.9% over net income of CNY1.7 billion in the year ago quarter—because of the poor financial performance of its subsidiary Tianjin Airlines.
