An interim report into the Ethiopian Airlines Boeing 737 MAX 8 crash said the flight crew followed proper procedures in response to uncommanded nose-down inputs, but they could not keep the aircraft from descending into the ground, Ethiopia's top transport official said April 4.
Royal Jordanian reported a 2018 net loss of JD5.9 million ($8.3 million), compared to a net profit of JD274,000 in the previous year, with the shutdown of its Royal Wings subsidiary and shifts in exchange rates contributing to the weak performance, the airline said.
Slovenian flag carrier Adria Airways and Russian manufacturer Sukhoi Civil Aircraft Co. (SCAC) have failed to convert the airline’s November 2018 letter of intent to acquire 15 Sukhoi Superjet 100 (SSJ100) regional jets into a firm order after they were unable to reach an agreement on contract terms.
Indian airline Jet Airways is still grounding aircraft because of lease payment defaults, even though the first parts of a bailout plan have been put in place.
Central and Eastern European LCC Wizz Air expects its profit for the financial year will come in at the high end of its estimate, thanks to robust demand.
South Korea’s Asiana Airlines is considering trimming its operations as it looks to shore up the company’s financial stability and restore market confidence.
China Southern Airlines saw its 2018 annual profit shrink to CNY2.98 billion ($433 million), down 51% year-over-year (YOY), because of increased operating expenses and external economic factors.
Aviation Week Network senior transport editor Sean Broderick speaks with Airlink CEO Steven Smith, after his company was recognized with the Joseph Murphy Award for exemplary community services.
UK LCC easyJet—which confirmed flights would continue to operate even in the event of a no-deal Brexit—has warned that uncertainty over Brexit is curbing customer demand, leading to a more cautious outlook for the second half of the year.
Hanover, Germany-based TUI Group expects the Boeing 737 MAX 8 grounding will cost the company €200 million ($225 million) if flights can be resumed by mid-July at the latest.
Improved passenger traffic revenue helped Air China Ltd. post a 2018 net profit of CNY7.3 billion ($1.07 billion), up 1.3% from CNY7.2 billion in the previous year.
Italian railway company Ferrovie dello Stato (FS) said more work is needed to develop a sustainable business strategy for Alitalia, the bankrupt airline it is negotiating to take over with Delta Air Lines as a potential partner.
A sweeping business review by Air New Zealand has resulted in a cost-cutting plan that will include aircraft delivery deferrals, although the carrier has also unveiled a new international destination and widebody cabin upgrades.
With significant investments in new onboard services, Saudi Arabian Airlines (Saudia) has seen a 20% boost in passenger satisfaction on the affected routes, CEO Jaan Albrecht said.
