Recent news from Southwest Airlines that it is scaling back planned growth through year-end will help keep domestic capacity in check as costs rise, but similar moves will be needed by peers to cement what analysts believe is a necessary market correction.
Shanghai-based ZTO Express plans to launch a joint venture (JV) with Turkish Airlines and Hong Kong-based PAL Air to explore the international express delivery market.
Air Mauritius is looking to form an alliance with Kenya Airways and South African Airways (SAA) as rising fuel prices and exchange rate fluctuations create pressure on the Indian Ocean-based carrier, CEO Somas Appavou said.
China’s Hainan Airlines Holding has unveiled further details of its assets restructuring plan, which include circulating 3.4 billion shares to take over stakes owned by parent HNA Group’s with an investment of CNY10.5 billion ($1.6 billion) and circulating non-public A shares to 10 investors to raise no more than CNY7 billion.
Hong Kong flag carrier Cathay Pacific Airways has not ruled out establishing an LCC unit, although such a move would be very unlikely in the short-term, CEO Rupert Hogg said.
Ireland-based aircraft lessor SMBC Aviation Capital has posted a $319.4 million full-year profit and aims to transition the majority of its fleet to new-technology aircraft by the mid-2020s.
EasyJet Europe has become Austria’s largest airline after registering more than 100 aircraft in Austria since the launch of the Vienna-based LCC in July 2017.
United Airlines CEO Oscar Munoz—speaking at an Economic Club of Washington DC event June 7—gave no indication the Chicago-based carrier would retreat from its 2018 and longer-range earnings guidance.
South African Airways (SAA) CEO Vuyani Jarana said the airline has identified necessary measures needed to restructure the loss-making national carrier.
2018 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2018 fiscal year first quarter or equivalent, generally covering January-March 2018.
Airline profitability remains uneven geographically, with carriers in much of the world struggling to earn a profit even as the overall industry continues to generate record revenue and earn robust annual income.
Southwest Airlines informed investors June 4 to expect a second-quarter 2018 RASM drop of about 3% compared to 2Q 2017, a consequence of lower bookings following the April 17 engine failure on flight 1380, a Boeing 737-700, which killed one passenger.
Japan Airlines (JAL) intends to experiment with different business models for the new hybrid subsidiary carrier it is planning to launch, JAL director Masaru Onishi said.
Star Alliance is beginning to implement a digital services platform (DSP) that will allow passengers to do things such as track their bags and complete seat assignments when they buy an interline ticket that goes across alliance airlines. But when the process will be completed is not clear.
Rising oil prices are causing short-term pain for many airlines, but ultimately yields will improve to compensate, the head of the Association of Asia Pacific Airlines (AAPA) believes.
French hotel chain AccorHotels has confirmed an interest in buying a minority stake in Air France-KLM in what could evolve into a major transformation of the European legacy airline group.
