Norwegian Air Shuttle said it raised NOK1.3 billion ($168 million) in a private share placement as the LCC pushes ahead with its expansion amid rising fuel prices and currency effects, which are making for a “challenging” first quarter.
Following three widely publicized pet-related incidents last week, United Airlines suspended its PetSafe travel offering “to conduct a thorough and systematic review,” the Chicago-based airline said March 20.
Hainan Airlines has made up missed fuel payments before the March 15 deadline and has continued international expansion plans by opening three routes from Shenzhen this week.
The decision of JetBlue Airways to convert some of its Airbus A321neo orders to the longer-range (LR) version and launch transatlantic service to Europe hinges on the potential to replicate returns the carrier sees on its dual-class Mint transcontinental flying, executives said.
UK company Virgin Atlantic Group posted a £48.5 million ($67.6 million) net loss for 2017, reversed from a £187.3 million net profit for the year-ago period.
million ($18.9 million), a nearly tenfold increase over the airline’s C$2.4 million net profit in 2016, driven by revenue generated by increased long-haul ACMI flying and chartered hurricane relief flights to the Caribbean.
South African Airways (SAA) said it is taking “urgent steps” to address concerns raised by the country’s Auditor General (AG) in a report on the financially troubled carrier.
Air Canada is confident that joint-venture (JV) talks with Air China will be wrapped up this year, laying the groundwork for even closer cooperation between the two airlines, a top executive for the Canadian flag carrier said.
Laudamotion, the rebranded bankrupt airberlin Austria-based subsidiary NIKI, will launch March 25 with an interim branding on former airberlin aircraft.
Lithuanian leisure carrier Small Planet Airlines said it would add six Airbus aircraft to its fleet in 2018, taking the total up to 28, and expects to become the largest carrier in the Baltic States in terms of passengers, fleet and revenue this year.
Santiago-based LATAM Airlines Group reported a $155.3 million net profit for 2017, more than doubling the group’s $69.2 million net income in 2016, on the back of the company’s highest full-year operating income ($715 million, up 25.8% from 2016) since its formative merger six years ago.
The Tianjin municipal government has injected CNY120 million ($19 million) into Tianjin Cargo Airlines to enable it to launch in this year’s first half.
Virgin Atlantic Cargo said its 2017 volumes reached a five-year high and revenues rose 9% to £199.6 million ($279 million), driven by strong growth in shipments of pharmaceuticals and e-commerce goods.
Lufthansa is forced to slow down its 2018 capacity expansion, as the airline struggles to find additional aircraft and discovers the build-up of low-fare unit Eurowings is taking longer than expected.
American Airlines, hampered by higher fuel prices, is setting up to have a “slightly off” year, but still expects to generate a profit that falls within its notional target range, CEO Doug Parker told attendees at this week's J.P. Morgan Global Aviation and Transportation Conference.
Lufthansa’s supervisory board has extended the contract of the group’s CEO Carsten Spohr by five years, assuring continuity at Europe’s largest airline.
A new Belgian airline—Air Belgium—with backing from a huge Chinese travel agency has received its air operator’s certificate (AOC) and plans to begin flying to China in April, beginning with a service to Hong Kong.
Chicago-based United Airlines assumed “full responsibility” for the death of a passenger’s dog on United flight 1284 from Houston Bush Intercontinental Airport to New York LaGuardia Airport the evening of March 12.
