Ultra low-cost carrier (ULCC) Spirit Airlines reported a first-quarter net profit of $31.9 million, down 48.4% from net income of $61.9 million in the prior-year period, but the Fort Lauderdale-based airline believes it is on the upswing.
Japan Airlines (JAL) reported a net profit of ¥164.1 billion ($1.5 billion) for fiscal 2016 through March 31, down 6% compared to net profit of ¥174.4 billion in the previous year.
All Nippon Airways Holdings (ANA) reported a ¥98.8 billion ($889 million) net profit for fiscal 2016, up 26.4% from net profit of ¥78.1 billion in the previous year.
United Parcel Service (UPS) posted a $1.2 billion net profit for the first quarter of 2017, up 2.4% from net income of $1.1 billion in 1Q 2016, on a 6.2% year-over-year rise in total company revenue to $15.3 billion.
Oman Air recorded a sharp deterioration in its financial position in 2016, making a net loss of RO129.8 million ($337.1 million) compared to RO86.3 million in 2015. Full-year revenue was up 1% at RO4.73 billion.
Southwest Airlines posted 2017 first-quarter net income of $351 million, down 31.6% from a net profit of $513 million in the 2016 March quarter, even as the Dallas-based carrier generated record first-quarter revenue of $4.9 billion, up 1.2% year-over-year (YOY).
Moscow-based lessor Ilyushin Finance (IFC) has converted a Bombardier Q400 option into a firm order, taking its order to two of the type, to be placed with Kenya Airways low-cost subsidiary Jambojet.
Lufthansa Group recorded a net loss of €68 million ($73 million) for the first quarter of 2017, deepened from the company’s €8 million net loss in 1Q 2016.
American Airlines reported a first-quarter 2017 net profit of $234 million, down 66.6% from net income of $700 million in the 2016 March quarter, as fuel prices rose sharply.
Lawyers for David Dao—the passenger violently dragged off United Express flight 3411 nearly three weeks ago—announced April 27 an amicable settlement had been reached with United Airlines.
Ireland-based low-cost carrier (LCC) Ryanair will reclaim €15 million ($16.3 million) from French authorities following a ruling in the airline’s favor at the European Court of Justice (ECJ).
United Airlines is making a number of policy changes aimed at improving customer service and CEO Oscar Munoz has issued another public apology for the incident on flight 3411 in which a passenger was dragged off an aircraft to make way for a crew member.
Low-cost carrier Norwegian’s first-quarter net loss was NOK1.5 billion ($173.9 million), widened 86% from a NOK800.1 million loss in the year-ago period.
United Airlines’ CEO has provided US lawmakers with a detailed account of events leading up to and during the incident that notoriously ended up with a passenger being brutally dragged off an aircraft to make way for a United regional airline employee.
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.
