Oneworld member airberlin will expand its North Atlantic network in 2018 with the launch of 4X-weekly Düsseldorf-Toronto Pearson International Airport services starting May 1 and 5X-weekly Düsseldorf -Chicago O'Hare services from May 2.
Air Seychelles will adjust its European route network, the Indian Ocean Mahé Island-based airline said July 30, with plans to suspend its 2X-weekly Mahé-Dusseldorf route from September 10. Additionally, Air Seychelles’ Mahé-Paris Charles de Gaulle operation will be reduced from four to 3X-weekly flights from September 12.
Frankfurt-based Fraport AG has signed concession agreements with the Brazilian government for managing and developing Brazil’s Fortaleza (FOR) and Porto Alegre (POA) airports.
A combination of more stringent European Union (EU) immigration checks and under-staffing at border control points is causing flight delays across the continent, according to industry group Airlines For Europe (A4E).
Icelandair Group recorded a net profit of $11.3 million in the 2017 second quarter, less than half of the $26.2 million in net income earned in the year-ago quarter.
Halifax-based Chorus Aviation Capital (CAC), the leasing arm of Chorus Aviation, will acquire two more Embraer E190s with attached leases, CAC said July 27.
International Airlines Group (IAG) has reported a first-half net income of €567 million ($664 million), up 2.3% from a €554 million profit in the year-ago period, despite strikes and major operational disruption from a power outage.
China Eastern Airlines chairman Liu Shaoyong said the carrier’s role in the new transatlantic joint venture (JV)—between Air France-KLM, US-based Delta Air Lines and the UK’s Virgin Atlantic—is to enhance its position in the Sino-Europe market.
Air France-KLM saw a turnaround in its financial results in the 2017 first half, delivering a group net profit of €151 million ($176.8 million), reversed from a loss of €114 million in the same period a year ago.
American Airlines posted a 2017 second-quarter net profit of $803 million, down 15.5% from net income of $950 million in the 2016 June quarter, and chairman and CEO Doug Parker continues to argue the company is significantly undervalued in the stock market.
The coalition of airlines behind a new transatlantic joint venture (JV) is open to accepting more partners into the arrangement, KLM CEO Pieter Elbers said July 28.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a $50.5 million net profit for the 2017 second quarter, up 25.4% over $40.2 million net income in 2Q 2016.
Ultra-low-cost carrier (ULCC) Spirit Airlines reported second-quarter net income of $78.1 million, up 6.9% from $73.1 net income in the year-ago quarter, as the Florida-based ULCC felt the financial impact of pilot-related fight cancellations, the airline said during a July 27 earnings call.
Southwest Airlines reported a $746 million net profit in the second quarter, down 9% from net income of $820 million in the 2016 June quarter, as it prepares for big fleet changes in the third quarter.
Singapore Airlines (SIA) reported a healthy profit for the three months through June 30, a welcome return to the black after posting a loss in the March quarter.
United Parcel Service (UPS) reported $1.4 billion net profit for the 2017 second quarter, up 9.1% over the cargo delivery company’s $1.3 billion net income in 2Q 2016.
Air France-KLM, Delta Air Lines and Virgin Atlantic are moving to create a new transatlantic joint venture (JV) triad that includes Air France-KLM acquiring a 31% stake in Virgin and Delta taking a 10% stake in Air France-KLM.
Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, posted a $48.5 million net profit for the 2017 second quarter, down 20.3% from the company’s $60.8 million net profit in 2Q 2016.
Etihad Airways recorded a net loss of $1.87 billion for 2016, reversed from a net profit of $103 million in 2015. Etihad said exceptional charges were major factors behind the huge deficit and its core airline operation had turned in a “solid performance.”
Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—earned $296 million in net income in the second quarter, up 13.8% over a net profit of $260 million in the 2016 June quarter, which does not include Virgin America’s 2016 second-quarter figures.
UK regional airline Flybe has posted improvements to its first-quarter load factor and yield, but new CEO Christine Ourmieres-Widener said further work is still needed.
