Airlines & Lessors

Asia-Pacific still the fast-growth region, but competition softens profits.

Some bright spots in a challenging landscape.

After years of record profits, the region’s airlines are experiencing some turbulence as costs rise and growth plans are called into question.

South African regional carrier SA Express has received the go-ahead to restart services, nine weeks after the country’s civil aviation regulator grounded the airline.

Aeromexico is leveraging network discipline and new ancillary revenue generation to offset rising fuel costs, domestic inflation, a weakening peso and overcapacity in some key markets,

SkyWest Inc., continuing to benefit from its fleet transition, posted net income of $76 million in the second quarter, up 34% from net income of $50.5 million in the 2Q 2017.

Five best performing in net profit, operating revenue, passengers carried, revenue per kilometer

Rankings based on net profit, net loss.

Ranked by passengers and aircraft movements.

Ranked by passengers and movements

Passenger counts, revenue passenger kilometers, load factor and freight ton kilometers with year-over-year comparisons.

Revenue, expenses, profit/loss and year-over-year comparisons.

World's airlines ranked by operating revenue, operating profit, net profit.

Ranked by passengers, revenue passenger kilometers and freight ton kilometers.

Leasing companies ranked by size and financials.

2018 World Airline Report - Aircraft fleet and on order

A possible joint venture between China Southern Airlines and International Airlines Group’s (IAG) British Airways (BA) could create more opportunities, especially at the new Beijing airport, where China Southern has a strong position, IAG CEO Willie Walsh told ATW.

Fort Lauderdale-based ultra-LCC Spirit Airlines returned to profitability in the second quarter of 2018, posting an $11.3 million net profit on top of a 21.6% rise in revenue.

Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—reported a 2018 second-quarter net income of $193 million, down 35% compared to net income of $293 million in the 2017 2Q. Revenue for the quarter was up 3% to $2.2 billion.

Southwest Airlines posted a second-quarter net profit of $733 million, down 1.3% from net income of $743 million the 2017 June quarter, as fuel hedging insulated the carrier from the much larger year-over-year (YOY) profit drops being reported by rival major US carriers.

People-July 26, 2018

UK-based Flybe continues to make progress on its dual-track strategy of reducing capacity and developing routes, the regional carrier said July 26.

United Parcel Service (UPS) second-quarter 2018 net profit increased 7.3% year-over-year (YOY) to $1.5 billion.

The AirAsia X group improved its passenger load factor in the second quarter, thanks to stronger demand and changes to the group carriers’ network strategies.

Despite generating more revenue than in any quarter in its history, a significant increase in fuel costs drove American Airlines’ second-quarter net profit down 35.5% year-over-year (YOY), leading the carrier to scale back capacity growth, defer 22 Airbus A321neo deliveries and make changes to its basic economy product.