Irish LCC Ryanair has said crew problems, which have forced the airline to cancel 2% of its flights over a six-week period, will not affect its full-year profit.
Total net profit for US scheduled passenger airlines grew minimally in the second quarter of 2017, rising 0.5% to $4.7 billion, when compared to $4.6 billion in collective net profits for 2Q 2016, according to US Bureau of Transportation Statistics (BTS) released Sept. 20.
UK-based scheduled leisure carrier Monarch Airlines is carrying out a major review of its operations to plot its future course, and has begun talks with potential strategic partners.
Netherlands-based lessor TrueNoord has picked up a new investor that it says will help provide increased funding for its planned expansion in the regional aircraft market.
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 second-quarter or equivalent, generally covering April-June 2017. NM = Not Meaningful % comparison Source: ATW research, direct airline reports.
The airberlin bankruptcy reached a new level of complexity and uncertainty, after a creditor filed an application to declare Austrian subsidiary NIKI bankrupt as well.
FedEx Corp. estimates it took a $300 million hit from the late June cyberattack that started by targeting Ukrainian companies and spread globally, particularly affecting FedEx subsidiary TNT Express.
Four Chinese government lessors have ordered 70 COMAC C919s and taken options on 60 more, the manufacturer and the customers said, indicating strengthened government backing for the project.
Irish LCC Ryanair estimates that crew-related cancellations over the next six weeks will cost around €25 million ($29.9 million), with CEO Michael O’Leary describing the situation as “a mess of our own making.”
The Aerospace Industries Association (AIA), which represents the interests of US aerospace manufacturers in Washington DC, has named Eric Fanning its new president and CEO, effective Jan. 1, 2018.
JetBlue Airways CEO Robin Hayes has given a spirited defense of the role smaller carriers play in the international airline market, while condemning what he called anticompetitive behavior by the three large US legacy carriers.
Russian startup Azimuth Airline will begin operations Sept. 21 with daily services to Moscow Vnukovo and Omsk Tsentralny airports after receiving an air operator’s certificate at the end of August.
Qantas International and Freight CEO Gareth Evans said airlines have the opportunity to be the disruptor, rather than be disrupted, as the digital economy heats up.
UK carrier British Airways has partnered with renewable fuels company Velocys, after an earlier waste-to-fuel initiative—named GreenSky—with Washington-based Solena Fuels fell through.
