IATA has revised its global airline industry profit forecast for 2017 upwards by 5.4% to a net profit of $31.4 billion, citing a stronger than expected world economy.
Success in Cuba is a “middle- to long-term” prospect for airlines, particularly for US carriers that launched service to Cuba after the market was reopened to US commercial flights last year, according to IATA regional VP-Americas Peter Cerda.
Malaysia Airlines Berhad said it has received global interest from the tourism industry to be part of a dedicated Airbus A380 charter business concept targeting pilgrimage traffic.
Malaysia Airlines said it saw steady progress in the 2017 first quarter, even though it was a “tough” quarter with intensifying competition, higher fuel prices and adverse foreign exchange impacting its performance.
AviaAM Leasing—a Warsaw Stock Exchange-listed aircraft leasing company—has reported rapid growth in 2016 with a significant increase in business volumes.
International Airlines Group’s (IAG) new long-haul, low-cost carrier (LCC) Level launched flights from Barcelona June 1, with an initial Airbus A330-operated service to Los Angeles.
Leisure carrier Thomas Cook Airlines Belgium (TCAB) is being sold to two companies, Lufthansa Group carrier Brussels Airlines and a company working to resurrect former Belgian regional carrier VLM Airlines.
German leisure carrier airberlin reported a first-quarter net loss of €293.3 million ($315 million), widened from a €182.3 million net loss in the year-ago period as a result of turnaround measures.
Berlin-based Germania Group is increasing its presence in the wet-lease business segment in order to meet the increasing market demand for aircraft-crew-maintenance-insurance (ACMI) services.
The airline industry is ever-changing, yet there are some constants. One of them: fuel will always be one of the largest cost categories in any airline operation.
Ultra-low-cost carrier (ULCC) Allegiant Air EVP and COO Jude Bricker resigned May 26, the Las Vegas-based carrier announced without further explanation.
Irish low-cost carrier (LCC) Ryanair reported a full-year net profit of €1.3 billion ($1.5 billion), up 6% from a €1.2 billion net profit in the year-ago period.
Greece-based Aegean Airlines reported a 2017 first-quarter net loss of €35.8 million ($38.4 million), widened from a net loss of €21.5 million for the year-ago quarter.
Lufthansa Group low-cost (LCC) subsidiary Eurowings—which remains the fastest-growing airline in Europe—aims to continue its fleet expansion and eventually double the number of aircraft it has in order to compete with other European LCCs such as the UK’s easyJet and Ireland’s Ryanair.
Calgary-based low-cost carrier WestJet has named Charles Duncan as the new head of WestJet Encore, WestJet’s regional airline, effective June 6, pending immigration approval.
