Irish LCC Ryanair, which is still recovering from a crewing crisis, has said it will offer experienced pilots a 20% pay premium over its LCC rivals, adding €100 million ($116.3 million) to its annual cost base.
China’s big three carriers—Air China, China Eastern Airlines and China Southern Airlines—have all reported third-quarter profit increases as a result of continuous market demand growth.
SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, again cited the company’s ongoing fleet transition as the primary source of improved revenue and profits, posting $53.7 million in net profit for the 2017 third quarter, up 30% from $41.3 million in 3Q 2016.
Irish LCC Ryanair has posted a €1.29 billion ($1.5 billion) net profit for the six months to Sept. 30, 2017, despite crewing problems that forced it to cancel thousands of flights.
The global commercial aviation market, by 2036, will require 42,000 new passenger aircraft and 800 new freighters, at a financing investment of $4.3 trillion, according to a world fleet forecast released Oct. 30 by Ireland-based aircraft lessor Avolon.
Mint-configured Airbus A321 aircraft will make up the majority of JetBlue Airways’ transcontinental capacity for the first time in November, a sign of the premium offering’s ongoing success.
Mexico City-based ultra LCC Volaris posted its first quarterly profit of 2017, reporting MXN731 million ($40.2 million) in third-quarter net income, down 27.6% from MXN1 billion in 3Q 2016.
Russian authorities have temporarily suspended the air operator’s certificate (AOC) for VIM Airlines, TASS agency reported, quoting Minister of Transport Maxim Sokolov.
Switzerland-based SkyWork Airlines canceled all flights for Sunday, Oct. 29 and Monday, Oct. 30, because of a still-missing operating license for the winter timetable.
Shanghai-based Juneyao Airlines reported a 2017 third-quarter net profit of CNY618.9 million ($93 million), up 11.7% over a net income of CNY554.3 million in the year-ago quarter, as market demand continues to grow.
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, posted third-quarter 2017 net income of $22.3 million, a 51% drop from $45.5 million in net profit during the year-ago quarter, as a result of September’s Hurricane Irma and the Las Vegas shooting Oct. 1.
UK-based LCC easyJet has signed an agreement to take on 25 airberlin Airbus A320 leases and some of the German leisure airline’s Berlin Tegel slots for €40 million ($42 million), strengthening its position in Berlin.
Grupo Aeromexico posted a MXP339 million ($18.6 million) net profit for the third quarter of 2017, down 49% from net income of MXP665 million in 3Q 2016.
Air Mauritius CEO Somaskaran Appavou believes the Vanilla Alliance, which was established in 2015 by the Indian Ocean Commission (IOC) airlines, needs a carrier to take the lead to move it forward.
The South African government has confirmed that national carrier South African Airways (SAA) will receive recapitalization totaling ZAR10 billion ($700 million) in the 2017-18 financial year.
International Airlines Group (IAG) has reported what it described as a strong third quarter, despite disruptions caused by weather and terrorism during the period.
Finnair reported a 2017 third-quarter net income of €93.6 million ($109.3 million), up 6.8% compared to net profit of €87.6 million a year ago as the Finnish national carrier continues expansion plans based on the strong quarterly performance.
Bankrupt German carrier airberlin operated its last flight Oct. 27 from Munich to Berlin Tegel. The final Airbus A320 flight carried 178 passengers. The oneworld member ceases operations officially Oct. 28, ending nearly 39 years of service.
Fort Lauderdale-based ultra LCC Spirit Airlines posted a $60.2 million net profit for the 2017 third quarter, a 26% decline from $81.4 million in 3Q 2016.
LCC Norwegian has reported a 2017 third-quarter net profit of just over NOK1 billion ($122 million, up 4% year-over-year (YOY), on strong international passenger growth and increasingly high load factors.
American Airlines said it lost an estimated $75 million in pre-tax earnings from the three hurricanes that struck the Caribbean and US mainland in August and September; the company’s $624 million net profit for the 2017 third quarter was a 15.3% drop from 3Q 2016.
Southwest Airlines weathered hurricanes and a competitive fare environment to post a 29.6% year-over-year (YOY) net profit gain in the third quarter, and the Dallas-based carrier is confident about its prospects for 2018.
Two days before the insolvent airberlin ceases operations, last-minute negotiations with both German leisure carrier Condor and UK LCC easyJet about the transfer of assets continue, but many airberlin aircraft are expected to be grounded at least temporarily.
