Qantas is confident it can largely recover fuel price increases thanks to strong passenger revenue trends, favorable economic conditions and healthy forward bookings.
Long-haul LCC Norwegian Air Shuttle warned that high oil prices and a strong dollar would affect the entire aviation industry as it reported a third-quarter net profit of NOK1.3 billion ($156 million), up 18% compared to NOK1.1 billion in the year-ago quarter.
Leisure operator Small Planet Airlines announced that its Lithuanian business—Small Planet Airlines UAB—has filed for restructuring under Lithuanian law, as a knock-on effect of debts at its German and Polish airlines that both hit financial difficulties this fall.
New York-based LCC JetBlue Airways, reacting to a 37% year-over-year (YOY) increase in fuel prices, doubled down on its plan to “improve our earnings, particularly in the areas we can control,” CEO Robin Hayes said in a third-quarter earnings call Oct. 23.
British Airways (BA) will make a multimillion-pound investment in staff training at its London Heathrow Airport hub, 10 months after a light snowfall there brought chaos to its services.
Final airline financial data from 2Q indicate a drop in airline profitability compared to the year-earlier period. And while industry-wide cash flows have improved this year overall, there are significant differences between regions, according to IATA’s latest Airline Financial Monitor, released Oct. 17.
Qatar Airways Group CEO Akbar Al Baker told members of the media Oct. 18 in New York that its oneworld membership is in question and the Doha-based carrier could leave the alliance in 2019.
Austria-based Ryanair subsidiary LaudaMotion will close two crew bases in Austria as part of a cost-cutting program, an airline spokesperson confirmed to ATW.
Ultra-LCC Volaris expects to operate a fleet of 82 Airbus A320ceo/A321neo-family aircraft next year. It now operates out of Costa Rica as well as Mexico. But it has also had to adapt to the changing US-Mexico political environment.
Singapore’s sovereign wealth fund, GIC, has taken a significant minority stake in Denmark-based regional aircraft lessor Nordic Aviation Capital (NAC).
The UK Competition and Markets Authority (CMA) will probe Irish regional airline CityJet’s plans to place aircraft on long-term wet-lease with International Airlines Group (IAG) Irish carrier Aer Lingus.
Ryanair’s first-half profit fell 7%, hit by lower fares, air traffic control strikes and higher fuel, staff and passenger compensation costs which offset growth in ancillary revenues.
The air cargo industry has finally seen a resurgence, with demand booming to transport everything from fish to pharmaceuticals and from iPhones to fresh berries, expediently around, across and between continents.
The need for unified regulatory approaches, to build needed infrastructure and to ensure efficient airport administration has brought players together.
Connectivity companies and airlines are finally delivering onboard Wi-Fi services that compare to those on the ground. The key players in the are now maneuvering to get pole positions in the market.
Airport traffic 2018, aircraft values; airline traffic 2018; 2018 Fiscal Year Airline & Lessor Financial Results; Airbus and Boeing Deliveries; Airbus & Boeing Orders
A Panamanian investment company has purchased the outstanding shares of former Uruguayan flag carrier Pluna Lineas Aereas Uruguayas and, through arbitration, plans to seek financial compensation for Uruguay’s alleged role in wiping the airline out, ATW’s sister publication Aviation Week has learned.
Cypriot carrier Cobalt Air collapsed after its 49% Chinese shareholder pulled out and a replacement investor failed to come through with the necessary money.
While demand remains strong for Asia-Pacific airlines, yield improvement still lags behind fuel price rises, according to the Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman.
