Airlines & Lessors

Losses at its subsidiary airlines contributed to Singapore Airlines (SIA) Group posting a nearly 21% decline in first-quarter net income.

Dublin-based lessor AerCap posted second-quarter net income of $331.5 million, up 23% year-over-year (YOY).

Allegiant Air’s decision to switch to an all-Airbus fleet continued to pay off in the second quarter as the airline’s net income jumped 41% despite having six fewer aircraft from the year-ago period.

Air France-KLM posted a second-quarter operating profit of €400 million ($446 million), a nearly 16% increase from €346 million a year ago, as revenue gains and lower unit costs offset a higher fuel bill.

Hawaiian Airlines reported a decline in net profit for the second quarter, as the airline comes under increasing competitive pressure in some of its key markets.

The top 10 airlines by ancillary revenue worldwide generated $35.2 billion from non-ticket sources in 2018, up from just $2.1 billion in 2007, according to a new report from IdeaWorksCompany.

Air Canada shook off the absence of its Boeing 737 MAXs to post record second-quarter revenue and boost capacity.

All Nippon Airways (ANA) saw its first-quarter net profit decline 29% to ¥11.4 billion ($104.9 million), compared to ¥16.1 in the year-ago period, partly the result of higher costs as the airline prepares for a growth phase in 2020.

Philippine Airlines (PAL) has appointed Gilbert Santa Maria as its new president and COO.

Lufthansa Group delivered a 2019 first-half net loss of €116 million ($132 million), reversed from a €713 million net profit a year ago.

Airbus and Boeing commercial aircraft gross orders for 2019 year-to-date, sorted by most-recent date of order placement with manufacturer.

Airbus and Boeing commercial aircraft deliveries for 2019 year-to-date, sorted by most-recent delivery date.

Canadian LCC WestJet posted a C$44.3 million ($33.6 million) net profit in the second quarter (2Q), reversing a C$15.8 million loss in the year-ago period, despite the grounding of the airline’s 13 Boeing 737 MAX 8 aircraft.

Virgin Atlantic plans to end its Airbus A340 operations by the end of the year, a spokeswoman told ATW July 29.

New African flag carrier Uganda Airlines expects to launch initial services in August, after the country’s aviation regulator awarded an air operator’s certificate (AOC), which was officially handed over at the company’s annual meeting July 29.

Irish LCC Ryanair reported a net profit of €243 million ($382 million) in the first quarter of the 2020 financial year, down 21% from €309 million in the year-ago period, as average fares declined 6% and costs rose.

Spain’s Air Nostrum reported a 2018 net profit of €19 million ($21 million), up 46% compared to 2017.

Scottish regional airline Loganair posted a net profit of £812,000 ($1 million) for the 2018-19 financial year, reversing a previous £7.4 million loss.

The European Commission has approved the proposed merger of Spain’s Air Nostrum and Ireland-based CityJet, a move that brings the creation of what will be Europe’s largest regional airline one step closer.

Vipula Gunatilleka rejoined the oneworld global alliance flag carrier in summer 2018 and became CEO in late 2018. He has a five-year turnaround plan.

Airline industry’s annual CEO gathering confronts tough issues

In a tough business environment, the strong get stronger.

Despite business challenges, North American airlines remain the ones to beat.

A highly competitive market and infrastructure inefficiencies cast their shadows.

Costs and trade tensions weigh down a still fast-growing region.