Japan’s ANA Holdings—the parent company of All Nippon Airways, Peach Aviation and Vanilla Air—expects profits at its two low-cost affiliates to grow fastest until 2022 as the carriers continue to expand.
2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year fourth quarter or equivalent, generally covering October-December 2017.
Spanish LCC Volotea recorded a 42% jump in passenger numbers in 2017, reaching 4.8 million, up from 3.4 million in 2016, beating the Barcelona-based airline’s predictions.
French low-cost, long-haul carrier French Blue is changing its name to French Bee to avoid legal problems after objections about its name from US LCC JetBlue Airways.
United Airlines, broadening its used-aircraft acquisition strategy to widebodies, will add three Boeing 767-300ERs to its fleet in 2018, continuing a trend that has seen it tap the second-hand market to boost its fleet significantly in the past two years.
UK LCC easyJet is boosting capacity to European leisure destinations from its new Berlin-Tegel base, but the airline is taking a cautious approach towards expanding German domestic flying.
Air France-KLM is examining low-cost long-haul among other business models as it responds to a fast-changing air transport environment, playing down reports that it was presenting more concrete plans for a low-cost long-haul carrier.
The US and Qatar have reached “understandings … on civil aviation” aimed at addressing the concerns of US major airlines about alleged subsidies to Gulf carriers.
China Eastern Airlines (CEA) and XiamenAir canceled 176 proposed additional cross strait flights for the month-long Spring Festival following the Taiwan aviation authority’s (CAA) rejection once again.
US secretary of state Rex Tillerson will finalize an agreement with Qatar on Jan. 30 in which state-owned Qatar Airways will commit to be more financially transparent and declare that it has no plans to operate fifth freedom flights to the US.
Increasing fuel prices are creating significant challenges for Vietnam’s domestic LCC market as the gap narrows between full-service carriers and LCCs.
China Eastern is accelerating its strategic transformation to build an aviation ecosystem in an effort to alleviate mainline aviation business risks and boost ancillary revenue.
Alaska Air Group reported a $1 billion net profit—in GAAP terms—for full-year 2017, incorporating a one-time $274 million tax benefit associated with the US tax reform legislation enacted in late December 2017.
A one-time non-cash gain related to the recent US tax reforms helped to lift JetBlue Airways to a $1.1 billion net profit in 2017, the New York-based carrier said Jan. 25.
Southwest Airlines “turned the corner” on unit revenue growth in 2017, edging into positive territory for the full year, and expects RASM momentum to continue in 2018 with 1%-2% year-over-year (YOY) growth in the first quarter, chairman and CEO Gary Kelly said.
