China Eastern Airlines reported a 2016 net profit of CNY4.5 billion ($635 million) in 2016, down a slight 0.73% over a net income of CNY4.54 billion in 2015.
Philippine-based low-cost carrier (LCC) Cebu Pacific Air posted a PHP9.8billion ($196.4 million) net profit in 2016, more than doubling the company’s PHP4.4 billion net income reported in 2015.
Russian air freight carrier AirBridgeCargo (ABC) Airlines has taken delivery of the first of two Boeing 747-8Fs under a long-term lease agreement with US-based lessor Intrepid Aviation.
Air China has posted a net income of CNY6.8 billion ($978 million) in 2016, up 0.4% over a net profit of CNY6.8 billion in 2015, according to the domestic accounting standard.
AirAsia has signaled that Vietnam will be its next target for Southeast Asian market penetration, after signing a deal to set up a joint-venture franchise in that country.
American Airlines was named the recipient of the 2017 ATW Airline of the Year, taking the top honor of the 43nd annual ATW Airline Industry Achievement Awards, at a gala dinner on March 28 at the J.W. Marriott Essex House in New York.
Spanish regional airline Binter Canarias will expand its network with Bombardier a CRJ1000 aircraft under a leasing agreement with Valencia, Spain-based regional Air Nostrum.
Alaska Air Group has dramatically boosted the cost and revenue benefits it expects to realize from the integration of Alaska Airlines and Virgin America.
Faroese national carrier Atlantic Airways anticipates a move into the ACMI market as it attempts to offset the effect of new competition on its primary route.
Greek regional airline Sky Express is gearing up for a major expansion in passenger traffic as it moves away from public service obligation (PSO) routes to a normal commercial business model.
