Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the third quarter of 2016.
São Paulo-based low-cost carrier (LCC) GOL posted a third-quarter net profit of BRL65.9 million ($20.4 million), reversing a BRL2.1 billion net loss in 3Q 2015.
Turkish low-cost carrier (LCC) Pegasus Airlines is undertaking a major cost reduction program as it battles to offset the continuing effect of slumping inbound tourist traffic to the nation.
United Arab Emirates (UAE)-based low-cost carrier (LCC) Air Arabia has posted third-quarter net profits of AED297 million ($80.8 million), up 26% from a net profit of AED235 for the same period last year.
India’s Jet Airways Group recorded a net profit of INR850 million ($12.7 million) for the second quarter of the airline’s 2017 financial year, up 2.4% from INR830 million in the year-ago quarter.
Financial services firm Berkshire Hathaway has reversed course and made a $1.3 billion investment in three US airlines, not including an undisclosed investment in a fourth, regulatory documents show.
UK low-cost carrier (LCC) easyJet reported a full-year net profit of £427 million ($534.7 million), down 22% from a £548 million profit in the prior year.
Russia’s Federal Air Transport Agency, Rosaviatsia, has temporarily restricted the air operator’s certificate (AOC) for Pskovavia passenger and cargo airline through Dec. 7.
Russia’s Sukhoi Civil Aircraft Co. (SCAC) has delivered the first two of six Sukhoi Superjet 100s (SSJ100s) with a new variable cabin layout to the State Transport Leasing Co.
Shanghai-based Spring Airlines posted a third-quarter net profit of CNY429.5 million ($64.4 million), down 26.3% over a net income of CNY582.8 million in the year-ago quarter.
Thailand low-cost carrier (LCC) Nok Air reported a consolidated third-quarter net loss of THB1.1 billion ($30.2 million), deepened from a loss of THB652.6 million in the same period last year.
Santiago, Chile-based LATAM Airlines Group posted a $4.7 million net profit for the 2016 third quarter, reversed from a $113.3 million net loss in 3Q 2015.
Central and Eastern European low-cost carrier (LCC) Wizz Air reported an interim first-half net income of €253.3 million ($284.2 million) for the six months to Sept. 30, up 39.1% from a €182.1 million profit in the year-ago period.
The night-flight ban at Germany’s Frankfurt Airport continues to put Lufthansa at a disadvantage for creating additional business, increasing earnings and offering more connections, a Lufthansa executive told ATW.
Mexican ultra low-cost carrier (ULCC) Volaris has received an air operator’s certificate (AOC) from Costa Rica’s Civil Aeronautic Authority, paving the way for the Dec. 1 launch of the airline's new Volaris Costa Rica subsidiary.
Singapore-based lessor BOC Aviation has delivered a Boeing 777-300ER to Air China, the first in a batch of five aircraft leased to the carrier under a purchase-and-leaseback arrangement first announced in October.
