Mitsubishi Aircraft Corp. parent company Mitsubishi Heavy Industries (MHI) has installed two of its executives at the top of the leadership structure of its subsidiary producing the MRJ, the Japanese regional jet that has been beset by multiple program delays.
Worldwide air passenger traffic increased an overall 6.3% in 2016, as passengers wary of traveling in the first half of the year pushed demand to a nearly 9% annual growth pace between June and December, according to IATA’s full-year Air Passenger Market Analysis.
Icelandair is expecting to report a full-year EBITDA at the top end of its $210-$220 million revised guidance, but has warned that EBITDA will drop to $140-$150 million in 2017 because of volatile market conditions.
Central and Eastern European low-cost carrier (LCC) Wizz Air is considering whether it should set up a UK air operator’s certificate (AOC) in the wake of the UK’s decision to leave the European Union (EU) (Brexit).
Central and Eastern European low-cost carrier (LCC) Wizz Air lowered its full-year profit guidance by €20 million ($21.5 million) following a third-quarter profit drop by more than 20%.
Global air freight traffic increased an overall 3.8% in 2016, rebounding in the second half and nearly doubling the industry’s average growth rate of 2% over the last five years, according to IATA’s latest Air Freight Market Analysis.
SAS Scandinavian Airlines’ focus on frequent travelers appears to be paying off, but more needs to be done to cut costs in an increasingly competitive environment, according to president and CEO Rickard Gustafson.
Amazon will establish an air hub at Cincinnati/Northern Kentucky International Airport (CVG) in Hebron, Kentucky to support its wet-leased Prime Air freighter aircraft fleet.
Las Vegas-based Allegiant Travel Co., parent of ultra-low-cost carrier Allegiant Air, reported a $219.5 million net profit for 2016, down 0.4% from $220.4 million in 2015.
Chicago-based United Airlines and Colombia’s Avianca Holdings are engaged in negotiations to “deepen the companies’ commercial and strategic relations,” United said in a statement.
Dubai-based low-cost carrier (LCC) flydubai posted a 2016 net income of AED31.6 million ($8.6 million) for 2016, down 69% from net income of AED100.7 million in 2015.
Etihad and Lufthansa signed a multi-faceted commercial partnership agreement Wednesday that will see the two companies cooperate via codeshares and across catering and MRO services.
United Parcel Service (UPS) reported a 2016 net profit of $3.4 billion, down 29.2% from net income of $4.8 billion in 2015, on a 4.4% year-over-year rise in revenue to $60.9 billion.
American Airlines and Qantas have backed away from some aspects of their codeshare arrangements, as they prepare to refile their application for a stronger partnership.
Turkish Airlines is on a cost-savings drive and has grounded 25 narrowbodies after events last year hit demand for travel to Turkey, but the carrier’s new CEO, Bilal Eksi, says he has no plans to cancel any new aircraft orders.
Traffic for Russian airlines was down 3.8% year-over-year (YOY) to 88.6 million in 2016, according to Russia’s Federal Air Transport Agency, Rosaviatsia.
UK-based regional carrier Flybe saw revenue and passengers increase for 3Q 2016/17 compared to the year-ago period, but plans to reduce capacity over the coming year to improve load factors.
Kuwaiti hybrid carrier Jazeera Airways has named Rohit Ramachandran as its new CEO, after an extended period when the carrier was without a full-time chief executive.
