Royal Jordanian (RJ) incurred a net loss of JD26.3 million ($37.1 million) in the 2017 first half, a figure the airline said was driven by seasonality and a decline in average fares because of over-capacity in the industry.
Japan Airlines has bumped up its profit forecast for the current financial year, thanks to strong increases in demand across its major operations in the June quarter.
Oneworld member airberlin will expand its North Atlantic network in 2018 with the launch of 4X-weekly Düsseldorf-Toronto Pearson International Airport services starting May 1 and 5X-weekly Düsseldorf -Chicago O'Hare services from May 2.
Air Seychelles will adjust its European route network, the Indian Ocean Mahé Island-based airline said July 30, with plans to suspend its 2X-weekly Mahé-Dusseldorf route from September 10. Additionally, Air Seychelles’ Mahé-Paris Charles de Gaulle operation will be reduced from four to 3X-weekly flights from September 12.
Frankfurt-based Fraport AG has signed concession agreements with the Brazilian government for managing and developing Brazil’s Fortaleza (FOR) and Porto Alegre (POA) airports.
A combination of more stringent European Union (EU) immigration checks and under-staffing at border control points is causing flight delays across the continent, according to industry group Airlines For Europe (A4E).
Icelandair Group recorded a net profit of $11.3 million in the 2017 second quarter, less than half of the $26.2 million in net income earned in the year-ago quarter.
Halifax-based Chorus Aviation Capital (CAC), the leasing arm of Chorus Aviation, will acquire two more Embraer E190s with attached leases, CAC said July 27.
International Airlines Group (IAG) has reported a first-half net income of €567 million ($664 million), up 2.3% from a €554 million profit in the year-ago period, despite strikes and major operational disruption from a power outage.
China Eastern Airlines chairman Liu Shaoyong said the carrier’s role in the new transatlantic joint venture (JV)—between Air France-KLM, US-based Delta Air Lines and the UK’s Virgin Atlantic—is to enhance its position in the Sino-Europe market.
Air France-KLM saw a turnaround in its financial results in the 2017 first half, delivering a group net profit of €151 million ($176.8 million), reversed from a loss of €114 million in the same period a year ago.
American Airlines posted a 2017 second-quarter net profit of $803 million, down 15.5% from net income of $950 million in the 2016 June quarter, and chairman and CEO Doug Parker continues to argue the company is significantly undervalued in the stock market.
The coalition of airlines behind a new transatlantic joint venture (JV) is open to accepting more partners into the arrangement, KLM CEO Pieter Elbers said July 28.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a $50.5 million net profit for the 2017 second quarter, up 25.4% over $40.2 million net income in 2Q 2016.
Ultra-low-cost carrier (ULCC) Spirit Airlines reported second-quarter net income of $78.1 million, up 6.9% from $73.1 net income in the year-ago quarter, as the Florida-based ULCC felt the financial impact of pilot-related fight cancellations, the airline said during a July 27 earnings call.
Southwest Airlines reported a $746 million net profit in the second quarter, down 9% from net income of $820 million in the 2016 June quarter, as it prepares for big fleet changes in the third quarter.
Singapore Airlines (SIA) reported a healthy profit for the three months through June 30, a welcome return to the black after posting a loss in the March quarter.
United Parcel Service (UPS) reported $1.4 billion net profit for the 2017 second quarter, up 9.1% over the cargo delivery company’s $1.3 billion net income in 2Q 2016.
Air France-KLM, Delta Air Lines and Virgin Atlantic are moving to create a new transatlantic joint venture (JV) triad that includes Air France-KLM acquiring a 31% stake in Virgin and Delta taking a 10% stake in Air France-KLM.
Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, posted a $48.5 million net profit for the 2017 second quarter, down 20.3% from the company’s $60.8 million net profit in 2Q 2016.
