Virgin Atlantic CEO Craig Kreeger will step down at the end of the year and be succeeded by Shai Weiss, the UK carrier’s current CCO and former CFO, on Jan. 1, 2019.
Canadian LCC WestJet Airlines’ regional airline service WestJet Link debuted June 20 with its first flight between British Columbia cities Cranbrook and Prince George, flown via capacity purchase agreement (CPA) with Vancouver-based regional carrier Pacific Coastal Airlines.
France’s secondary airlines are looking at ways they can work together to better compete with legacy carrier Air France and with growing competition from LCCs on both long- and short-haul, executives told ATW’s sister publication Aviation Daily on the sidelines of the Paris Air Forum.
WestJet ULCC subsidiary Swoop took to the skies June 20 with an early-morning inaugural flight from Hamilton to Abbotsford, marking the next major development in what is an expanding Canadian low-cost airline scene.
Memphis-based FedEx Corp. reported $4.6 billion in consolidated net profit for fiscal 2018—up 53% over the company’s fiscal 2017 $3 billion net result—boosted by $2.1 billion in tax benefits, $1.6 billion of which came from the Tax Cuts and Jobs Act (TCJA) passed by the US Congress in late December 2017.
State-run national flag carrier Kenya Airways plans to merge with Nairobi Jomo Kenyatta International Airport (JKIA) to compete with other state-owned carriers in Africa and the Middle East, such as Ethiopian Airlines and Emirates Airline.
Norwegian CEO Bjørn Kjos believes his LCC is reaching the critical mass it needs to succeed, as several European heavyweights voice their potential interest in the business.
Lufthansa CEO Carsten Spohr has called for greater cooperation between airlines and airports in the face of the upcoming capacity crunch, likening current strained relations to sibling rivalry.
Flybe, Europe’s largest regional airline, recorded a reduced net loss for the 2017-18 financial year, with the company CEO reporting most parameters improving.
The Italian Competition Authority has fined Irish LCC Ryanair €1.85 million ($2.1 million) for mass cancellations of flights because of personnel rostering problems in the fall 2017 and early 2018.
The share of traffic and revenue coming from international premium passengers held steady in the first quarter compared to year-ago figures despite apparent sluggishness in the key North Atlantic and Europe-Asia markets, IATA said.
Etihad Airways recorded a “core loss”—equivalent to operating loss for its day-to-day airline operations—of $1.5 billion in 2017, narrowed from $1.95 billion in 2016.
Aspiring Canadian ultra-low-cost carrier (ULCC) Jetlines has firmed up a deal to lease two 12-year-old Airbus A320s from Dublin-based AerCap and plans to use them to launch operations, likely in early 2019.
2017 Fiscal year financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year or equivalent.
Despite over a million onboard passengers in May, a record for the month, Hawaiian Airlines revised its guidance for second-quarter revenue downward, citing “a reduction in the pace of domestic bookings following an increase in volcanic activity on the Big Island of Hawaii.”
Royal Jordanian Airlines must increase the transfer business at its Amman hub and further develop its network system, president & CEO Stefan Pichler told ATW.
Transport Canada (TC) has granted the air operator’s certificate (AOC) for Calgary-based WestJet’s new ultra-LCC Swoop, clearing the way for inaugural flights June 20.
