Lingering booking sluggishness linked to the partial US government shutdown means Southwest Airlines will miss out on an estimated $50-$60 million in first-quarter revenue, much higher than previously estimated, the Dallas-based carrier said Feb. 20.
UK regional Flybe has rejected a rival takeover bid from investors led by Mesa Air Group, which seeks to halt the sale of the airline to Virgin Atlantic- and Stobart Group-led consortium Connect Airways.
Air Mauritius reported a €25.4 million ($28.6 million) net loss for the nine-month period ending Dec. 31, 2018, down from a €10 million net profit for the year-ago period.
KLM Royal Dutch Airlines CEO Pieter Elbers will stay at the helm of the Dutch carrier and assume the additional role of Air France-KLM deputy CEO alongside the French unit’s CEO Anne Rigail.
Most of the 376 employees at flybmi—the UK regional carrier that abruptly suspended operations and filed for bankruptcy protection over the weekend—have been made redundant, and stranded passengers are being offered “rescue fares” by other airlines to help them return home.
Air Canada posted a net loss of C$231 million ($174.3 million) in the fourth quarter, as foreign-exchange losses cost the carrier C$262 million more than in the year-earlier period, when it posted a net profit of C$8 million.
Irish-headquartered lessor AerCap has posted a $1.02 billion net profit for the 2018 financial year, 5.6% down on its $1.08 billion prior-year net profit.
Malaysia Airlines Group (MAG) officially launched a pilgrimage airline, Amal, on Feb. 13, after seeing a large market for Umrah and Hajj pilgrimage flight services in Southeast Asia.
Qatar Airways CEO Akbar Al Baker has welcomed a call for a re-evaluation of the regulations that have underpinned the global civil aviation sector since 1944.
Singapore Airlines (SIA) Group reported a net profit of S$105 million ($76.8 million) for 3Q FY18/19, down 27% year -over-year (YOY) on rising expenditure and fuel costs.
UK LCC easyJet has confirmed it is in talks with US carrier Delta Air Lines and Italian railway company Ferrovie dello Stato over the possibility of a joint investment in bankrupt Alitalia.
Air Astana posted a declared unaudited net profit of $5.3 million in 2018, down 86.4% from a net profit of $39.1 million in 2017, driven by higher jet fuel costs despite higher revenues.
Accommodation provider Airbnb has appointed former Virgin America CEO Fred Reid as global head of transportation, as part of the company’s push to make travel more tolerable.
Aspiring Canadian startup Jetlines, advancing its new strategy of building a route network that seeks to avoid WestJet ULCC subsidiary Swoop, plans to include Quebec City Jean Lesage International Airport (YQB) in its network, the airline and airport announced Feb. 13.
Irish lessor Avolon reported a 30% increase in full-year profit for 2018 to $717 million while revenue increased 10% year-over-year (YOY) to $2.57 billion.
Virgin Australia reported its strongest half-year earnings in more than a decade, thanks to the airline’s restructuring program and surging domestic business.
US regional Southern Airways Express has acquired Hawaiian-based commuter carrier Mokulele Airlines, in a deal that will result in the combined entity operating 1,380 weekly flights.
The European Commission (EC) has approved a transatlantic joint venture agreement among Air France-KLM, Delta Air Lines and Virgin Atlantic that will see the Franco-Dutch airline group acquire a 31% stake in Virgin Atlantic.
