São Paulo-based low-cost carrier GOL reported a BRL232.7 million ($74.4 million) net profit for the first quarter of 2017, down 69.3% from BRL 242.1 million in 1Q 2016.
Panama City-based Copa Holdings reported $102.3 million net profit for the first quarter of 2017, down 11.4% from $115.5 million net income for 1Q 2016.
Gulf low-cost carrier (LCC) Air Arabia reported a first-quarter net profit of AED103 million ($28 million), down 10% compared to net profit of AED114 million in the 1Q 2016. Revenue for the quarter was AED810 million, down 14% year-over-year.
Argentine ultra low-cost carrier (ULCC) startup Flybondi has finalized a lease agreement on its first Boeing 737-800 and is in talks to secure a fleet of up to 10 737-800s for 2017-18.
Long-haul, low-cost carrier (LCC) AirAsia X is looking to increase frequencies on its most popular routes and expand into under-served markets, CEO Benyamin Ismail said while in the US to promote the launch of flights to Hawaii.
Bombardier executive chairman Pierre Beaudoin said he intends to give up his executive role at the Canadian company June 30, but will stay on as non-executive chairman of Bombardier’s board of directors.
A combination of geo-political and macroeconomic factors brought about a sharp reduction in earnings at Emirates Airline in the 2016-17 financial year, the Dubai-based carrier reported May 11.
Scandinavian leisure carrier Primera Air has placed an order for eight Boeing 737 MAX 9s, has taken purchase rights on four more, and will lease another eight from US lessor Air Lease Corp.
Ukraine’s Antonov Airlines, a division of state-owned Antonov Company, has established offices in the US and Hong Kong as part of ongoing expansion plans.
Lithuania-based lessor AviaAM Leasing has warned that airlines may have to list operating leases on their balance sheet, once new financial reporting standards come into effect in 2019.
China’s booming air travel market will require 3,200 new airliners over the coming decade, with more than 50% still to be ordered, according to a new study released by lessor Avolon.
Luxembourg all-freight operator Cargolux and Dubai-based Emirates SkyCargo have signed a memorandum of understanding (MOU), paving the way for a strategic cargo partnership.
Lufthansa has confirmed an interest in taking over airberlin; however, the German carrier will look to Abu Dhabi’s state-owned carrier Etihad Airways to take care of airberlin’s debts.
Etihad Aviation Group has confirmed that president and CEO James Hogan will leave the company July 1, naming chief people & performance officer and Ray Gammell as his interim replacement.
