Russian authorities have temporarily suspended the air operator’s certificate (AOC) for VIM Airlines, TASS agency reported, quoting Minister of Transport Maxim Sokolov.
Switzerland-based SkyWork Airlines canceled all flights for Sunday, Oct. 29 and Monday, Oct. 30, because of a still-missing operating license for the winter timetable.
Shanghai-based Juneyao Airlines reported a 2017 third-quarter net profit of CNY618.9 million ($93 million), up 11.7% over a net income of CNY554.3 million in the year-ago quarter, as market demand continues to grow.
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, posted third-quarter 2017 net income of $22.3 million, a 51% drop from $45.5 million in net profit during the year-ago quarter, as a result of September’s Hurricane Irma and the Las Vegas shooting Oct. 1.
UK-based LCC easyJet has signed an agreement to take on 25 airberlin Airbus A320 leases and some of the German leisure airline’s Berlin Tegel slots for €40 million ($42 million), strengthening its position in Berlin.
Grupo Aeromexico posted a MXP339 million ($18.6 million) net profit for the third quarter of 2017, down 49% from net income of MXP665 million in 3Q 2016.
Air Mauritius CEO Somaskaran Appavou believes the Vanilla Alliance, which was established in 2015 by the Indian Ocean Commission (IOC) airlines, needs a carrier to take the lead to move it forward.
The South African government has confirmed that national carrier South African Airways (SAA) will receive recapitalization totaling ZAR10 billion ($700 million) in the 2017-18 financial year.
International Airlines Group (IAG) has reported what it described as a strong third quarter, despite disruptions caused by weather and terrorism during the period.
Finnair reported a 2017 third-quarter net income of €93.6 million ($109.3 million), up 6.8% compared to net profit of €87.6 million a year ago as the Finnish national carrier continues expansion plans based on the strong quarterly performance.
Bankrupt German carrier airberlin operated its last flight Oct. 27 from Munich to Berlin Tegel. The final Airbus A320 flight carried 178 passengers. The oneworld member ceases operations officially Oct. 28, ending nearly 39 years of service.
Fort Lauderdale-based ultra LCC Spirit Airlines posted a $60.2 million net profit for the 2017 third quarter, a 26% decline from $81.4 million in 3Q 2016.
LCC Norwegian has reported a 2017 third-quarter net profit of just over NOK1 billion ($122 million, up 4% year-over-year (YOY), on strong international passenger growth and increasingly high load factors.
American Airlines said it lost an estimated $75 million in pre-tax earnings from the three hurricanes that struck the Caribbean and US mainland in August and September; the company’s $624 million net profit for the 2017 third quarter was a 15.3% drop from 3Q 2016.
Southwest Airlines weathered hurricanes and a competitive fare environment to post a 29.6% year-over-year (YOY) net profit gain in the third quarter, and the Dallas-based carrier is confident about its prospects for 2018.
Two days before the insolvent airberlin ceases operations, last-minute negotiations with both German leisure carrier Condor and UK LCC easyJet about the transfer of assets continue, but many airberlin aircraft are expected to be grounded at least temporarily.
Irish LCC Ryanair has postponed plans to cut its regular hand-luggage allowance from two pieces to just one, shifting the change from Nov. 1 this year to Jan. 15, 2018.
Passenger revenue and strong yield performance on Air Canada’s Atlantic routes helped to propel record 2017 third-quarter results, as the airline reported C$950 million ($763 million) in adjusted net income, up 15.7% from $821 million in adjusted net income for 3Q 2016.
Alaska Air Group executives acknowledged the company’s network expansion this year—44 routes including 32 in California alone—has been met with intense pricing competition, which, combined with pilot shortages at regional carrier Horizon Air, have impacted the 2017 third-quarter results.
Airlines have a unique advantage over every other retail business: their customers are forced to be in one place—an assigned aircraft seat—for multiple hours.
