New Austrian carrier LaudaMotion and Irish LCC Ryanair have outlined details about their new partnership, which was announced March 20. LaudaMotion officially launched operations March 25.
US airlines are seeing strong international growth supported by steady domestic returns in the first half of the year, as RASM trends upward 2.5%-3%, a UBS analysis of ticket sales suggests.
Air China reported a 2017 net profit of CNY7.2 billion ($1.1 billion), up 6.3% over net income of CNY6.8 billion in 2016 as market demand continues to grow.
Qatar Airways CEO Akbar Al Baker sees opportunities in the global aircraft leasing business, but acknowledged the Doha-based carrier needs to “become aggressive because this is a very strong profit center for the airline.”
China’s HNA Group canceled an initial public offering (IPO) for Switzerland’s Gategroup at the last minute because of a gap in valuation under current market conditions, dealing a blow to the debt-ridden Chinese company.
All Nippon Airways has built an international network that includes 43 cities, and developed a reputation for safety, performance, innovation and service.
Lufthansa board chairman and CEO Carsten Spohr applied his strong and dynamic leadership to challenges and embraced opportunities since taking the helm in 2014.
In 2017, Hong Kong exceeded the 70-million passenger mark and handled more than 410,000 flight movements. Cargo throughput rose almost 7% to 4.6 million tonnes.
SITA has a highly promising solution that uses biometric technology to considerably speed up the process while maintaining the highest security standards.
Air France has joined the joint venture between its sister carrier KLM Royal Dutch Airlines and Kenya Airways, consolidating the Air France-KLM group’s capacity in East Africa.
China Southern Airlines reported a 2017 net profit of CNY5.9 billion ($906 million), up 17% over net income of CNY5.1 billion in 2016, as market demand and exchange rates increase.
FAA is projecting significant rises in US air passenger and air cargo traffic, as well as a doubling of the hobbyist unmanned aircraft vehicle (UAV) fleet in the next five years, according to its annual Aerospace Forecast for fiscal years 2018-2038.
Ryanair—which agreed to take a 24.9% stake in Niki Lauda’s new Austrian carrier LaudaMotion—also sees the new airline as a test to see if the Airbus A320 would make sense one day for the all-Boeing Irish LCC.
2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year fourth quarter or equivalent, generally covering October-December 2017.
The UK’s Stobart Group has ended talks with UK regional Flybe over a possible acquisition, after Stobart’s board said it had been unable to reach an agreement.
FedEx Corp. posted an unadjusted $2.1 billion net profit for its fiscal 2018 third quarter, as the Memphis-based package delivery company saw a $1.53 billion benefit following US tax reforms enacted in late 2017.
Southwest Airlines said a combination of factors will keep it from growing first-quarter RASM as much as expected, but the carrier remains confident in its full-year outlook for a unit-revenue uptick.
