Airberlin—which filed for bankruptcy last week—should be sold by September at the latest, CEO Thomas Winkelmann has told the German daily Bild am Sonntag.
Shanghai-based LCC Spring Airlines reported a net profit of CNY554 million ($81.7 million) in the 2017 first half, down 25.2% over net profit of CNY740.1 million in the year-ago half because of a sharp increase of operating costs.
UK lessor Falko Regional Aircraft, which focuses on the regional aircraft sector, has added four Embraer E190 regional jets to its portfolio, the company said Aug. 21.
It took a long while and a public relations disaster, but US airlines seem to have learned that passengers dislike being kicked off the plane because their flight was oversold.
LATAM Airlines Group’s route capacity and fleet management efforts, combined with a 10.6% rise in passenger revenues, helped to push its 2017 second-quarter operating profits to a company record of $48.2 million, compared to $1.3 million for 2Q 2016.
Airberlin will delay its 2Q results presentation, which had been expected Aug. 18, because of the German carrier’s bankruptcy filing earlier this week.
After receiving its third Boeing 787-9 in July, Korean Air launched 3X-weekly service between Incheon-Madrid and 4X-weekly service between Incheon-Beijing in early August.
French leisure airline Aigle Azur has appointed Frantz Yvelin as president and CEO, the executive who founded all-business airline L’Avion that was ultimately sold to British Airways (BA).
Following airberlin’s Aug. 15 bankruptcy filing, Lufthansa will start negotiations with the company’s newly appointed administrator Lucas Flöther and CEO Thomas Winkelmann on Aug. 18 to discuss the targeted takeover of a large number of assets.
US airlines’ expenses grew at more than twice the rate of revenue in the 2017 first half, leading to a 23.3% year-over-year (YOY) decline in pre-tax profitability.
Cathay Pacific has plunged further into the red for the first half of 2017, and is pinning its hopes on a transformation plan to help counter surging competition.
Citing significant second-quarter gains in yield, operating income, revenue and traffic, Colombia’s Avianca Holdings raised its full-year EBIT margin guidance to between 7%-9%, up one point from 1Q 2017, the company reported Aug. 15.
A weaker second-quarter performance has dealt a setback to Thai Airways’ financial turnaround efforts, dragging the carrier into the red for the first half of the year.
California-based aircraft lessor Aviation Capital Group’s (ACG) tax status conversion in late March provided a substantial tax benefit to its overall equity, propelling ACG to an $887.5 million net profit for the first half of 2017, compared to $37.6 million in net profit for the same period in 2016.
São Paulo-based Azul Brazilian Airlines views more efficient aircraft joining its fleet—specifically the Airbus A320neo and Embraer E195-E2—and new revenue streams from ancillary fees as keys to what it is characterizing to investors as a “ton of upside” going forward.
