A boost in tourism to Thailand was a significant factor behind Bangkok Airways’ improved figures for the first half of 2018, the Thai regional carrier said.
Singapore Airlines (SIA) Group announced high load factors for the month of July, with an average of 85.9%, up 2.3 percentage points year-over-year (YOY).
Vietnam Airlines reported strong profit growth for the first half of 2018, and the carrier is also making progress on plans to increase productivity and reduce staff numbers.
Avianca Holdings had an unadjusted net loss of $35.7 million for the 2018 second quarter, reversed from a $10.6 million net profit in 2Q 2017, as the Colombia-based company faced currency volatility, increased fuel prices, infrastructure disruptions and continuing after-effects of a 51-day pilots’ strike in 4Q 2017.
Higher fuel costs and deeper foreign exchange losses offset rising revenue for Korean Air, sending the carrier deeper into the red for the second quarter.
Panasonic Avionics Corp. (PAC), which settled bribery and accounting fraud charges brought by the US government earlier this year, has appointed a new chief compliance officer.
Global air passenger traffic was up 7.8% in June, reflecting a healthy start to the peak summer travel season in the northern hemisphere, but overall demand through June has moderated in 2018 compared to the first-half of 2017, according to IATA’s latest Air Passenger Market Analysis.
Jazeera Airways said revenue and profit grew in the first half of the year, helped by a 50% increase in passengers, thanks to route launches and aircraft additions.
Asiana Airlines managed to cut its net loss significantly in the second quarter, thanks partly to the carrier’s revenue rising to record levels during the period.
The pilot representative on Air France KLM’s board of directors has spoken out against the possibility of the group choosing Air Canada’s passenger airlines president and COO as its next chief executive, saying a French candidate with international experience would better suit the group.
Azul Brazilian Airlines reported a BRL238.3 million ($61.6 million) net profit for the 2018 second quarter, reversing its BRL386 million net loss of 2Q 2017, as revenues generated by seven new Airbus A320neos offset rising fuel prices, a weakened Brazilian currency and a nationwide truckers strike.
The Bombay Stock Exchange (BSE) is seeking further information after Indian carrier Jet Airways delayed the release of its financial results for the quarter ended June 30.
Aerospace company and aircraft lessor Dubai Aerospace Enterprise (DAE) has posted a $224 million pre-tax profit for the 2018 first half, up from $42.5 million for the comparable period, driven by the “smooth and successful integration” of leasing company AWAS.
