British Airways (BA) will retain its first-class cabins, but will not go the way of US airlines in effectively having three classes of passengers on its domestic and short-haul services, BA CEO Alex Cruz said.
China’s Spring Airlines reported a 2017 third-quarter net profit of CNY634 million ($95 million), up 48% compared to a CNY430 million net income in the year-ago quarter.
Global air passenger traffic slowed in September to a 5.7% year-over-year increase, its weakest growth rate since February, but largely a temporary lapse attributable to the impacts of hurricanes on Latin and North America and a typhoon on Japan, according to IATA’s September Air Passenger Market Analysis.
Swiss International Air Lines’ (SWISS) subsidiary Edelweiss Air will add three leased Lufthansa Airbus A320s from Macquarie Group as part of its expansion plans.
Sharjah-based LCC Air Arabia overcame continuing pressure on yields in posting a 2017 third-quarter net profit of AED376 million ($102 million), an increase of 27% on the same period a year previously.
The new Dubai World Central Airport (DWC) would allow Emirates Airline to operate 200 Airbus A380s – twice as many as it has today, the carrier’s president said Friday.
As inflight connectivity provider Gogo continues the rollout of its latest satellite-based inflight internet technology, it is also working to upgrade its air-to-ground system with faster speeds.
The Bombardier CSeries is “already largely a US product” and contains more US-produced content than the Boeing 787, Bombardier president and CEO Alain Bellemare said.
Stronger performances in Asia and Latin America were two of the main factors behind the Air France-KLM group of airlines posting net profits of €552 million ($643 million) for 3Q 2017, up 1.5% on the year-ago period.
Hainan Airlines reported a net profit of CNY1.6 billion ($240.3 million) in the third quarter—down 5.9% over net income of CNY1.7 billion in the year ago quarter—because of the poor financial performance of its subsidiary Tianjin Airlines.
Dublin-based lessor AerCap Holdings posted $265.8 million in third-quarter 2017 net profit, up 17.8% from $225.5 million net income in the year-ago quarter.
Sweden-based cargo airline West Atlantic is considering looking for additional shareholders to recapitalize operations, in the light of costly delays in bringing in new freighters to its fleet.
While the air freight segment has had a relatively banner year in 2017, with traffic rising 10.1% year-to-date compared to 2016, the pace of growth slowed in September to 9.2% year-over-year (YOY), its slowest since April, according to IATA’s September Air Freight Market Analysis released Nov. 1.
Kuwaiti hybrid carrier Jazeera Airways reported a third-quarter net profit of KD8.2 million ($27.1 million), up 35.6% on the year-ago period, despite a 25% increase in fuel costs during the year.
A change in pricing strategy to stimulate the market, plus tight capacity control, were two of the factors behind a considerably improved 3Q financial performance by Royal Jordanian, the airline has said.
The administrators of UK leisure carrier Monarch Airlines—which entered into administration Oct. 2—are scheduled in court next week to determine whether the carrier still has allocation powers over its airport slots.
International Airlines Group (IAG) CEO Willie Walsh is aiming to finalize Spanish long-haul LCC Level’s next steps before year-end and hire a dedicated CEO for the business.
US airlines are past the peak of their current cycle of profitability and urgently seeking cost savings as expense increases outpace revenue gains, Airlines for America (A4A) chief economist John Heimlich said.
Calgary-based LCC WestJet has modified its Boeing commitments to include the 737-10 model, the airline told analysts during its third-quarter earnings call Oct. 31.
Japan’s two major airlines have boosted their profit guidance for the fiscal year through March 31, in part because of strong performance on their international networks.
