Commercial aircraft lessor Air Lease Corp. (ALC) posted $84.9 million in net income for the 2017 first quarter, down 8.5% from $92.9 million in 1Q 2016.
Air Canada incurred a 2017 first-quarter net loss of C$37 million ($27.8 million), reversed from a net profit of C$101 million in the 2016 March quarter, as rising fuel costs hit the bottom line.
Jazeera Airways announced a net loss of KD900,000 ($2.96 million) for 1Q 2017 as it continued to be hit by a slowing economic backdrop and excess capacity in the area.
International Airlines Group (IAG) posted a first-quarter net profit of €27 million ($29.6 million), down 74% from net profit of €104 million in 1Q 2016.
Global air passenger traffic has grown 7% year-over-year in the first quarter of 2017, exceeding the long-run average 5.5% traffic growth rate, IATA said in its March Air Passenger Market Analysis.
Australian flag carrier Qantas is forecasting another strong profit for its fiscal year through June 30, as international market conditions faced by the carrier improve.
Lufthansa Group low-cost subsidiary Eurowings and Aviation Services CEO Thorsten Dirks took over the position May 1, succeeding Karl Ulrich Garnadt, who retired April 30.
The Italian council of ministers has approved a €600 million ($655 million) emergency bridge loan for Alitalia, which should secure operations until November.
Atlas Air Worldwide Holdings posted a net loss of $752,000 for the first quarter of 2017, reversed from the company’s $471,000 net profit in the year-ago quarter.
New German airline Azur Air is preparing to start operations in June instead of April as previously announced, a company spokesperson confirmed to ATW.
Angry lawmakers vented their frustration at US airline executives during a congressional hearing on airline customer service Tuesday, threatening to legislate if airlines don’t step up their game.
All Airlines for America (A4A) member airlines are now committed to not removing a boarded passenger from an aircraft in a bumping situation and all are committed to ensuring crew being transported are booked in advance, A4A president and CEO Nicholas Calio said.
Etihad Airways said May 2 it had “done all it could” to preserve Alitalia, but that “fundamental and far-reaching restructuring” was now essential for the Italian airline to survive in some form.
Hawaiian Airlines unveiled an updated brand identity and the freshly painted livery of a Boeing 717, the first of its fleet of more than 50 aircraft that will feature the new design.
Garuda Indonesia expects its aircraft fleet total to remain relatively stable through the remainder of this year, with new deliveries largely offset by retirements and lease returns.
