Etihad Airways recorded another major loss for 2018, although the company pointed to gradually improving results from its five-year transformation project.
Embraer delivered 90 commercial aircraft last year, the manufacturer confirmed March 14, in line with what the company advised in January, but its financial results for 2018 and expectations over closing two Boeing mergers left analysts and investors underwhelmed.
Lufthansa Group subsidiary Swiss International Air Lines (SWISS) posted a record operating profit of CHF636 million ($645.9 million) for 2018, up 16% from CHF548 million in the previous year.
EasyJet CEO Johan Lundgren is continuing to weigh the merits of a joint Alitalia investment with US carrier Delta Air Lines, but he said the UK LCC is “not desperate” for a transaction to materialize.
Singapore-headquartered lessor BOC Aviation’s net profits rose 5.8% year-over-year (YOY) to $620 million in 2018, marking a record year for the company.
EasyJet CEO Johan Lundgren is pressing ahead with plans to partner directly with hotels to boost ancillary revenues, despite other two other major European LCCs stepping back from leisure-holiday packaging.
Cathay Pacific has produced a dramatic turnaround in its financial results for 2018, providing the strongest evidence yet that its transformation plan is paying off.
Malaysia’s Prime Minister said a range of government actions will be considered for Malaysia Airlines Bhd. (MAB), as the airline continues to work on a revised business strategy to address its latest financial challenges.
The CEOs of some of Europe’s largest airlines—easyJet, International Airlines Group (IAG), KLM, Lufthansa and Ryanair—are all anticipating further airline failures, despite reasonably positive market conditions.
Japan Airlines (JAL) has officially established its new medium- to long-haul LCC and has also revealed the first international routes it will launch in 2020.
JetBlue Airways continues to make market-driven changes to its network and capacity plans but is not wavering from its long-term strategy of fortifying its main bases, executives said.
Lufthansa’s lower cost affiliate Eurowings has initiated talks with its various unions about merging its various air operator’s certificates (AOCs) to gain efficiencies after a period of strong growth.
American Airlines continues to tout post-merger cost advantages, but its leadership is adamant that making up ground on its primary competitors in 2019 must happen on the revenue side.
Ryanair CEO Michael O’Leary sees at least one more airline—ideally an Airbus operator—joining his new holding company within five years, with further large aircraft orders also likely before then.
Qatar Airways will post a loss in its financial year 2019, but will continue to grow its network nonetheless, CEO Akbar Al Baker said at the ITB tourism fair in Berlin.
Alitalia pilot and cabin crew unions are calling for more clarity about a rescue plan intended to ensure the bankrupt airline’s future after the CEO of potential investor Delta Air Lines said the US carrier had not yet made a decision on the proposal.
Talks between Icelandic LCC WOW Air and prospective investors Indigo Partners are still ongoing, with a date toward the end of March now being given as the likely time for a deal agreement.
Russia’s Aeroflot Group reported a RUB5.7 billion ($82 million) net profit for 2018, down 75% from RUB23 billion in 2017—a decline the group attributed to higher fuel prices and foreign exchange losses.
Lufthansa Group LCC Eurowings is moving a large part of its long-haul operations to Frankfurt and Munich, the group’s main hub, as part of a wider strategy to rethink of how to tackle the leisure travel market.
Cathay Pacific Airways has confirmed it is considering purchasing a stake in Hong Kong Express (HKE), as Cathay’s financial health appears to be improving.
