Stronger performances in Asia and Latin America were two of the main factors behind the Air France-KLM group of airlines posting net profits of €552 million ($643 million) for 3Q 2017, up 1.5% on the year-ago period.
Hainan Airlines reported a net profit of CNY1.6 billion ($240.3 million) in the third quarter—down 5.9% over net income of CNY1.7 billion in the year ago quarter—because of the poor financial performance of its subsidiary Tianjin Airlines.
Dublin-based lessor AerCap Holdings posted $265.8 million in third-quarter 2017 net profit, up 17.8% from $225.5 million net income in the year-ago quarter.
Sweden-based cargo airline West Atlantic is considering looking for additional shareholders to recapitalize operations, in the light of costly delays in bringing in new freighters to its fleet.
While the air freight segment has had a relatively banner year in 2017, with traffic rising 10.1% year-to-date compared to 2016, the pace of growth slowed in September to 9.2% year-over-year (YOY), its slowest since April, according to IATA’s September Air Freight Market Analysis released Nov. 1.
Kuwaiti hybrid carrier Jazeera Airways reported a third-quarter net profit of KD8.2 million ($27.1 million), up 35.6% on the year-ago period, despite a 25% increase in fuel costs during the year.
A change in pricing strategy to stimulate the market, plus tight capacity control, were two of the factors behind a considerably improved 3Q financial performance by Royal Jordanian, the airline has said.
The administrators of UK leisure carrier Monarch Airlines—which entered into administration Oct. 2—are scheduled in court next week to determine whether the carrier still has allocation powers over its airport slots.
International Airlines Group (IAG) CEO Willie Walsh is aiming to finalize Spanish long-haul LCC Level’s next steps before year-end and hire a dedicated CEO for the business.
US airlines are past the peak of their current cycle of profitability and urgently seeking cost savings as expense increases outpace revenue gains, Airlines for America (A4A) chief economist John Heimlich said.
Calgary-based LCC WestJet has modified its Boeing commitments to include the 737-10 model, the airline told analysts during its third-quarter earnings call Oct. 31.
Japan’s two major airlines have boosted their profit guidance for the fiscal year through March 31, in part because of strong performance on their international networks.
Swedish regulators have restored the full air operator’s certificate (AOC) for regional NextJet, replacing the temporary certificate that was issued because of financial concerns.
Switzerland authorities renewed the air operator’s certificate (AOC) for SkyWork Airlines Oct. 31, enabling the carrier to relaunch scheduled winter operations Nov. 1.
LOT Polish Airlines expects to receive its first leased Boeing 737 MAX 8 in early December and launch scheduled services on the Warsaw-London Heathrow route in the same month.
Irish LCC Ryanair, which is still recovering from a crewing crisis, has said it will offer experienced pilots a 20% pay premium over its LCC rivals, adding €100 million ($116.3 million) to its annual cost base.
China’s big three carriers—Air China, China Eastern Airlines and China Southern Airlines—have all reported third-quarter profit increases as a result of continuous market demand growth.
SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, again cited the company’s ongoing fleet transition as the primary source of improved revenue and profits, posting $53.7 million in net profit for the 2017 third quarter, up 30% from $41.3 million in 3Q 2016.
Irish LCC Ryanair has posted a €1.29 billion ($1.5 billion) net profit for the six months to Sept. 30, 2017, despite crewing problems that forced it to cancel thousands of flights.
The global commercial aviation market, by 2036, will require 42,000 new passenger aircraft and 800 new freighters, at a financing investment of $4.3 trillion, according to a world fleet forecast released Oct. 30 by Ireland-based aircraft lessor Avolon.
Mint-configured Airbus A321 aircraft will make up the majority of JetBlue Airways’ transcontinental capacity for the first time in November, a sign of the premium offering’s ongoing success.
