Italy is preparing an emergency bridge loan to keep Alitalia going, in hopes of finding a buyer, after employees derailed the carrier’s turnaround plan by rejecting a labor agreement.
Alaska Air Group—the parent of Alaska Airlines, Virgin America and Horizon Air—reported a 2017 first-quarter net profit of $99 million, down 46% from a net profit of $184 million in the 2016 March quarter.
Pakistan International Airlines (PIA) has confirmed that CFO Nayyar Hayat has become acting CEO, replacing Bernd Hildenbrand, the company said in a statement April 25, when Pakistan’s Federal Minister for Parliamentary Affairs Shaikh Aftab Ahmed visited PIA headquarters.
Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, reported first-quarter 2017 net income of $41.6 million, down 42.2% from a $72 million profit in 1Q 2016.
Dropping the Virgin America name was a difficult decision, but the benefits of operating under one brand won out. The merger fuels Alaska's growth strategy.
Cathay Pacific Airways is looking to up its game on sustainability as the air transport industry heads toward the introduction of a global carbon-offsetting scheme.
American Airlines wins Airline of the Year. Air Serbia, United Airlines, Singapore Airlines, Volaris and Pittsburgh International Airport also among winners.
JetBlue Airways has changed 11 Airbus A321neo deliveries in 2018 to 11 A321ceo deliveries, and is deferring the delivery of another 13 Airbus aircraft.
Turkish regional carrier Borajet Airlines suspended operations April 23, citing maintenance issues, but said it plans to resume operations by the time the new Istanbul airport opens in 2018.
Dublin-based aircraft lessor SMBC Aviation Capital has placed a direct order with Boeing for three 737-800s, bringing its total owned, managed and committed portfolio for 737-800s to 198.
Halifax-based Chorus Aviation Capital, the leasing arm of Chorus Aviation, will acquire six ATR 72-600 turboprops with attached leases from Singapore-based lessor Avation PLC.
Vietnamese low-cost carrier (LCC) Vietjet has taken the first step toward meeting its ambitious 2017 financial goals by posting a 6.8% profit improvement for the first quarter.
China Eastern Airlines will become China’s first state-owned carrier to diversify ownership of its logistics subsidiary, in an effort to enhance market competitiveness.
Tom Demetrio, the high-profile Chicago attorney who is representing the United Airlines passenger dragged off a recent flight, said he has been retained by an American Airlines passenger who got into an apparent confrontation with a flight attendant April 21.
Dubai Aerospace Enterprise (DAE) has bought Ireland-based lessor, the AWAS group of companies, from private equity investor Terra Firma Capital Partners and the Canadian Pension Plan Investment Board.
The board of directors of Chicago-based United Continental Holdings, the parent company of United Airlines, has for the second time in two years amended CEO Oscar Munoz’s contract to deny him the role of board chairman.
Hawaiian Holdings, parent of Hawaiian Airlines, reported a $36.9 million net profit for the 2017 first quarter, down 28.3% from a $51.5 million net income in 1Q 2016.
Greece-based Aegean Airlines and subsidiary Olympic Air carried 2.1 million passengers in the first quarter, up 5% compared to 2.01 million the year-ago quarter.
