Airlines & Lessors

A global IT outage across British Airways (BA) May 27 that severely disrupted the airline’s operations and led to widespread cancelations appears to have been caused by a power supply issue, BA CEO Alex Cruz said.

El Al Israel Airlines made a first-quarter net loss of $30 million, widened from a net loss of $21 million for the year-ago quarter.

Volaris is Mexico's second-largest airline and has unit costs that are among the five lowest in the world. It's also expanding its model to Costa Rica.

Central and Eastern European low-cost carrier (LCC) Wizz Air reported a net profit of €246 million ($258.3 million) for the financial year ended March 31, up 28% compared to net profit of €193 million in the previous financial year.

Long-haul, low-cost carrier (LCC) AirAsia X reported a first-quarter net profit of MYR10.3 million ($2.3 million), down 94% compared to net profit of MYR179.5 million in the year-ago quarter.

Air Serbia has announced what it describes as its strongest ever first-quarter operational results.

New York Newark Airport has reopened after a United Airlines Boeing 757 had a suspected engine fire while taxiing, leading to minor injuries during the evacuation.

Dutch flag carrier KLM and package holiday operator TUI Netherlands will intensify their existing cooperation agreement.

China’s Juneyao Airlines has become the first Star Alliance connecting partner in an effort to facilitate its international expansion.

South America’s LATAM Airlines Group reported a first-quarter 2017 net profit of $65.6 million, down 35.9% from the company’s $102.2 million net income in 1Q 2016.

LOT Polish Airlines is seeing increasing numbers using Warsaw Chopin Airport as a transfer hub and hopes to expand those numbers further, according to CEO Rafał Milczarski.

People-May 19, 2017

2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year first-quarter or equivalent, generally covering January-March 2017

Singapore Airlines Group (SIA) reported a FY2016-17 net profit of S$360 million ($259 million) for the fiscal year through March 31, down 55% from S$804.4 million in the previous year.

Airberlin has appointed new board members as part of the German carrier’s strategy to reposition itself into a network carrier.

Istanbul-based Turkish Airlines may give technical assistance to the Albanian government in setting up its own national carrier, Albania Prime Minister Edi Rama announced at a May 9 joint press conference in Tirana, Albania.

Airport and airline traffic; aircraft values; Jan-April 2017; April 2017 Airbus, Boeing deliveries and orders; Q1 airline and lessor financial results.

SIA is looking beyond the premium sector, expanding outside Singapore and exploring revenue channels outside its core airline business.

Airlines want more power over pricing, but global distribution systems stick to the status quo. Technology or regulator intervention could lead to changes.

Global alliances are an established part of the airline business, but is it time for change?

Mexican LCCs and ULCCs have been on a roll. But they must compete with each other and US LCCs, and Mexico’s erratic economy must grow for upstarts to expand.

By May, COMAC had 570 orders from 23 customers. Its goal is to take a third of the Chinese narrowbody market and 20% of the global market by 2035.

The power and speed of social media make a crisis communications plan more essential than ever.

Hangzhou-based Loong Air plans to lease five Airbus A320s from BOC Aviation in an effort to facilitate rapid growth.

Korean Air produced a consolidated net profit of KRW559 billion ($500.3 million) for the first quarter of 2017, reversing a loss of KRW175 billion in the year-ago period.