Airlines & Lessors

The executive order issued by US President Donald Trump barring nationals from seven countries from entering the US led to “confusion among both airlines and travelers” and has placed a number of “burdens” on airlines, according to IATA.

Southwest Airlines will not be following American Airlines, Delta Air Lines and United Airlines in implementing a “basic economy” fare, chairman and CEO Gary Kelly said.

ANA Holdings reported a net profit of ¥86.6 billion ($741.5 million) for the first nine months of its 2016 fiscal year, up 18% from ¥73.3 billion in net profit for the comparable period in 2015.

Russia’s VIM Avia reported its passenger traffic exceeded 2 million passengers in 2016 for the first time since the airline was launched in 2000.

American Airlines has topped $10 billion in combined net profits for 2015 and 2016, earning net income of $2.7 billion in 2016 following a net profit of $7.6 billion in 2015.

Russia’s S7 Airlines carried 13.15 million passengers in 2016, up 24% year-over-year (YOY).

Southwest Airlines posted a 2016 net profit of $2.24 billion, up 2.9% from net income of $2.18 billion in 2015, marking the second straight year of record profitability for the Dallas-based carrier.

New York-based JetBlue Airways earned a full-year 2016 net profit of $759 million, up 12% over net income of $677 million in 2015.

UK-based engine manufacturer Rolls-Royce has launched a new service for engines on board aircraft owned by the leasing community.

The aircraft leasing business sees strong growth despite competition concerns.

The developer of an electric taxi system is focusing on demonstrating its benefits to airlines.

The LCC’s first route will be between the capital of Muscat and Oman’s second city, Salalah and will be followed by international service to Dubai on Feb. 15.

AirBaltic aims to become the reference carrier for the Baltic region, strengthening its operations from the neighboring countries of Estonia and Lithuania.

2016 year-end deliveries for Airbus and Boeing; airline traffic by region, traffic at key worldwide airports; airline financials; aircraft value projections.

Tianjin-based regional carrier Joy Air will be hard pressed to earn a profit in the next two years because of consolidation challenges with Okay Airways and expansion restrictions imposed following accidents, including a May 2015 incident in which a MA60 skidded off the runway while landing at Fuzhou Changle International Airport, Okay Airways founder Liu Jieyin said.

Ireland’s ASL Aviation Group has named Ulf Weber as the new CEO of ASL Airlines Belgium, formerly known as TNT Airways.

Hawaiian Airlines reported a full-year 2016 net profit of $244.1 million, up 33.7% from net income of $182.6 million in 2015.

Russia’s Aeroflot Group carried 43.4 million passengers in 2016, up 10.3% compared to 39.4 million passengers in 2015.

People-Jan. 24, 2017

UK low-cost carrier (LCC) easyJet returned what it described as “a solid first quarter” in its financial year, but warned the trading outlook would remain difficult.

Irish lessor Avolon expanded its owned and managed fleet by 72% to 262 aircraft in 2016.

Chinese carrier Loong Air has agreed to acquire 20 aircraft from Irish lessor AerCap.

Irish regional airline CityJet is to acquire Scandinavian Airlines’ (SAS) Danish regional subsidiary Cimber and has signed a conditional purchase agreement for six Bombardier CRJ900s, plus four options.

James Hogan is stepping down as president and CEO of the Etihad Aviation Group and the Abu Dhabi-based company has begun the search for his successor, it was announced Jan. 24.

Delta Air Lines and Aeromexico have announced leadership changes as the two carriers move to establish a transborder joint venture (JV) between Mexico and the US.