The Chilean Court of Free Competition (TDLC) has approved the joint business agreement (JBA) between Dallas/Fort Worth-based American Airlines and Santiago, Chile-based LATAM Airlines Group Oct. 31.
Atlas Air Worldwide (AAW) posted third-quarter (3Q) net earnings of $71.1 million and raised its full-year outlook for the third straight quarter, citing continued demand for its freighter-focused leasing and charter businesses.
Air China reported a net profit of CNY6.5 billion ($946 million) for the first nine months of 2018, down 20% year-over-year (YOY), the highest earnings among the country’s three main carriers.
Faced with rising fuel costs and a weakened Chinese yuan against the US dollar, China Eastern Airlines reported a 42.1% decline in operating profits to CNY5.8 billion ($844 million) for the first nine months of 2018, compared to the same period last year.
UK long-haul carrier Virgin Atlantic has named Finnair CCO Juha Järvinen as its new EVP-commercial, and appointed non-aviation industry executive Ash Jokhoo as SVP-technology.
Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter.
Italian railway company Ferrovie dello Stato (FS) has put in a bid for Alitalia, paving the way to create an integrated transport company, Italy’s economic development minister Luigi Di Maio said.
Air France-KLM said revenues rose in the 2018 third quarter and predicted a further increase in the final three months of the year, but warned its fuel costs also would increase and passenger network capacity would grow by less than expected.
Russia’s Federal Air Transport Agency said it has suspended Yakutia Airlines’ international flights starting Nov. 5, until the Yakutsk-based carrier corrects flaws discovered during inspections.
Canada’s WestJet overcame rising fuel prices and other headwinds to post a third-quarter (3Q) net profit of C$45.9 million ($35 million), down 66.3% from the C$135.9 million reported in the year-ago quarter.
Aircraft lessor AerCap carried out 87 aircraft transactions in the third quarter, including 20 for widebodies and said over 90% of new aircraft deliveries through 2020 were leased.
The UK Competition and Markets Authority (CMA) has opened a formal merger inquiry into Irish regional airline CityJet’s plans to wet-lease two Avro RJ85s to International Airlines Group (IAG) Irish carrier Aer Lingus.
Southwest Airlines reported third-quarter 2018 net income of $615 million, a 16.5% increase from a $528 million net profit in the same period last year.
International Airlines Group (IAG) weathered the effects of rising fuel prices and unfavorable currency movements to record a net profit before exceptional items of €1.14 billion ($1.29 billion) for the third quarter (3Q), nearly the same as the year-ago restated figure.
International Airlines Group has revealed that the data breach of its British Airways (BA) customer database in September 2018 affected more customers than previously believed.
Alaska Air Group—parent of Alaska Airlines and Horizon Air— experienced a drop in net income for the third quarter in a row, as the company struggled to generate enough revenues to offset higher fuel costs.
South African Airways (SAA) is in line for another government bailout as part of a restructuring initiative aimed at restoring profitability by 2020-21. More cash is also in the works for regional carrier SA Express.
Finnair has been forced to downgrade its full-year outlook after the airline’s third-quarter net profit fell 13.9% to €80.5 million ($91.9 million), driven by exceptional weather conditions, a shortage of spare engines, stiff intra-European competition and higher fuel costs.
Fort Lauderdale-based ultra-LCC Spirit Airlines reported a 2018 third-quarter net profit of $97.5 million, up 38% from the $60.2 million reported in the same period last year, offsetting higher costs for jet fuel and personnel.
