Southwest Airlines CEO Gary Kelly, who has long resisted calls from some Wall Street analysts to charge fees for checked bags, voiced his most adamant rejection yet of baggage fees, completely ruling them out.
Wingo, the Colombia-based ultra-LCC affiliate of Panama’s Copa Airlines that launched in late 2016, has “surpassed all expectations,” although it has not yet become profitable, Copa CEO Pedro Heilbron said.
AirAsia Berhad has announced a deal to sell its Malaysia-based aircraft leasing unit Asia Aviation Capital (AAC) to aircraft investor BBAM for $1.18 billion.
Rolls-Royce has appointed Tom Bell as president and CEO of Rolls-Royce North America, a post he will hold alongside his current position as president-defense.
Virgin Australia reported a net profit of A$4.4 million ($3.4 million) for its fiscal first-half ended Dec. 31, 2017, signaling its multi-year transformation plan is gaining traction.
AirAsia Group plans to launch its latest franchises in China and Vietnam later this year, as its current overseas affiliates demonstrate stronger financial performance.
Laudamotion, the rebranded bankrupt airberlin subsidiary NIKI, has received an air operator’s certificate (AOC) from Austrian aviation authority Austro Control.
In results adjusted to reflect a 51-day pilots’ strike affecting nearly half of its fourth quarter, Colombia-based Avianca Holdings reported $245 million in adjusted net income for 2017, more than doubling the company’s net profit over 2016.
South Africa-based regional carrier CemAir is gradually restoring its schedules after the country’s civil aviation regulator lifted its suspension of the airline’s Aircraft Maintenance Organization (AMO).
Scandinavian Airlines (SAS) reported improved figures for the first quarter of its financial year, noting that long-term efforts to improve its market position continue to bear fruit.
Thai Airways predicts the removal of Thailand from ICAO’s red flag safety list will boost the country’s aviation industry this year, although airlines are still waiting for the US FAA to follow with its own safety upgrade.
Garuda Indonesia slipped to a substantial net loss in 2017 partly because of increased fuel costs, although the carrier said it is making progress on some of its strategic priorities.
American Airlines and Australian flag carrier Qantas are hoping that a revised application submitted to the US Department of Transportation (DOT) Feb. 26 to form an antitrust-immunized joint venture (JV) will be approved.
South Africa’s competition commission has blocked Johannesburg-based regional carrier Airlink’s plans to acquire Cape Town-based Safair, parent of LCC FlySafair.
Culled from IATA's 2017 Airline Safety Performance report, an overview of total accidents, fatal accidents, and fatality totals for commercial aviation flights, specifically scheduled/carter passenger or cargo service.
Air Lease Corp. (ALC) received a $354 million benefit from the December 2017 US tax reform legislation, pushing the Los Angeles-based commercial aircraft lessor to a $756.2 million net profit for 2017, more than doubling ALC’s $375 million net income in 2016.
Thai AirAsia (TAA) intends to grow its fleet and network this year, as the carrier looks to capitalize on Thailand’s surging international tourist numbers.
