Finnair has sold 60% of Nordic Regional Airlines (Norra) to Danish Air Transport (DAT), marking the latest in a series of ownership changes at the Finnish regional carrier since 2015.
SAS CEO Rickard Gustafson apologized for the airline’s poor operational performance during the 2018 summer season, casting a shadow over a record fiscal third-quarter performance which saw the airline climb to a SEK1.55 billion ($169 million) net profit.
Saudi Arabian Airlines (Saudia) is reporting a successful 2018 Hajj season as the SkyTeam alliance member plans to expand its religious and pilgrim business as the Saudi government continues to issue more visas.
Global airline passenger traffic remained healthy in July, with traffic demand up 6.2% year-over-year as capacity rose 5.5%, leading to an 85.2% passenger load factor—a record for the month of July,
A new report released by the Australian Transport Safety Board (ATSB) reveals an inflight diversion of an Etihad Airways Boeing 777-300ER on Oct. 14, 2017 caused by chafing and arcing of incorrectly installed wire bundles led Boeing to subsequently introduce new production-line inspections and issue maintenance recommendations to operators.
LaudaMotion will double its Airbus fleet to 18 aircraft next year, the new Austrian carrier said a day after Irish LCC Ryanair completed a deal to buy 75% of the Austrian carrier from former formula 1 driver Niki Lauda.
IATA DG and CEO Alexandre de Juniac is attributing the slowing pace of growth in the global air freight market to rising trade tensions between the US and China, saying on Aug. 29 that “trade wars only produce losers.”
With jet fuel prices continuing to climb, profitability for US commercial carriers declined in the first half of 2018, according to Washington DC-based Airlines for America (A4A).
Star Alliance carrier Ethiopian Airlines has finalized a joint venture (JV) with the Chad government, paving the way for the launch of Chad’s new national carrier on Oct. 1.
Virgin Australia achieved its strongest underlying profit in a decade for its fiscal year through June 30, although its net loss grew, thanks to significant one-off accounting adjustments.
New, higher fees at JetBlue Airways for checked bags and other services signal the airline’s intent to lean more on ancillary revenues as part of a broader effort to boost margins.
Air Astana carried more than 2 million passengers in the 2018 first half, up 10% year-over-year (YOY), as revenue rose 17% compared to the same six-month period in 2017.
A rapid expansion in aircraft fleets is expected to give the Asia-Pacific region the highest growth rate for all types of aviation workers over the next 20 years, according to a new Boeing report.
Icelandair president & CEO Björgólfur Jóhannsson resigned Aug. 27 as the group further lowered its EBITDA guidance for 2018 to $80-$100 million, down by about 50% since the beginning of the year.
Kuwaiti hybrid carrier Wataniya Airways has been told by the country’s regulator to improve its standards of service or potentially face closure, according to a report from state-run news agency KUNA.
