Chicago-based United Airlines posted a $637 million net profit for the 2017 third quarter Oct. 18, down 34% from 3Q 2016 as the airline weathered an estimated $210 million loss in revenue from the August-September hurricanes and faced increased competition from ULCCs.
UK-based regional airline Flybe has warned that its interim profits will be lower than expected, following an unexpected rise in maintenance costs in the first half of its financial year.
Spanish LCC Volotea Airlines is considering moving its headquarters from Barcelona amid political turmoil in Catalonia following the region’s contested independence vote.
Administrators at Italian carrier Alitalia have confirmed they have received seven offers for the airline’s assets, following the expiration of the extended Oct. 16 bid deadline.
Hawaiian inter-island regional carrier Island Air filed for Chapter 11 bankruptcy protection Oct. 16, in what the carrier called “an effort to continue normal operations while navigating through legal challenges recently presented by the lessors of its aircraft.”
Central and Eastern European LCC Wizz Air has established a UK company and is reviewing the process to acquire a local air operator’s certificate (AOC), as the UK prepares to leave the European Union (EU) (Brexit).
Florida-based ULCC Spirit Airlines revised its third-quarter operational guidance Oct. 16 and indicated the airline took a $40 million hit in lost revenue from the recent hurricanes.
UK LCC easyJet has confirmed it has submitted an expression of interest in troubled Italian flag carrier Alitalia, as parallel talks to acquire part of airberlin continue.
The Lufthansa Group has submitted an offer letter expressing interest in establishing a “new Alitalia,” only days after the German flag carrier signed a €210 million ($249 million) deal to take over a large part of bankrupt airberlin’s assets, including NIKI and regional carrier LGW.
A significant expansion of Finnair’s capacity to Asian destinations has been the major factor behind the airline’s improved financial figures in 2017, the carrier’s CCO said Oct. 13.
New York-based JetBlue revised its preliminary third-quarter guidance Oct. 11 to reflect an estimated $44 million negative impact on 3Q 2017 revenue by hurricanes Irma and Maria.
Lufthansa has signed a €210 million ($249 million) deal to take over a large part of bankrupt airberlin’s assets, including NIKI and regional carrier LGW, in a move that will give its low-cost Eurowings affiliate a boost.
Kuwaiti hybrid carrier Jazeera Airways has suspended plans to seek a long-haul partner, and will instead pursue more opportunities in the Indian subcontinent, according to Bloomberg, citing Jazeera chairman Marwan Boodai as he unveiled a rebranding exercise for the airline.
