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.
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.
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.
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.
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.
