Airlines & Lessors

Finnair recorded a third-quarter net profit of €87.6 million ($95.6 million), more than doubled from €39 million for the year-ago period.

Air France CEO Frederic Gagey is expected to move to become Air France-KLM Group CFO, as the Franco-Dutch firm prepares to announce its new strategy.

Flybe CEO Saad Hammad has stepped down, effective immediately, by “mutual agreement,” the UK regional airline said in a statement.

Mexico City-based Volaris reported a 2016 third-quarter net income of MXP1 billion ($55 million), down 7.1% from the year-ago period.

SunExpress CEO Jaan Albrecht has requested an early termination of his contract and will step down at the end of December, creating a vacancy at the Lufthansa and Turkish Airlines joint venture.

Florida-based ultra-low-cost carrier Spirit Airlines reported $81.4 million net income for the 2016 third quarter, down 16.2% year-over-year (YOY) from a $97.1 million net profit in 3Q 2015.

JetBlue Airways saw softer yields and posted third-quarter net income essentially flat over the previous year as costs grew 3%.

Russia’s S7 Airlines has reported it carried 967,075 domestic passengers in September, up 30% year-over-year (YOY).

New York-based Jet Blue Airways has taken a minority stake in fast-growing, California-based jet charter company JetSuite.

YTO Cargo Airlines plans to expand its fleet to 50 aircraft by 2020 as China’s domestic express delivery market continues to experience rapid growth.

Korean Air achieved a net profit of KRW428 billion ($378 million) for the third quarter, reversing a loss of KRW510 billion in the year-ago period.

For commercial airlines and airline groups worldwide, year-to-date 2016 passenger traffic, RPKs, load factors, and FTKs, as of Oct. 24, 2016.

Finnair will wet lease one Airbus A340 from Portuguese aircraft-crew-maintenance-insurance (ACMI) specialist Hi Fly for two months to accommodate pilot trainings to secure the airline’s growing operations in summer 2017 and beyond.

TAAG Angola Airlines has reported positive effects of its restructuring program, which was implemented as the state-owned national airline of Angola faces economic challenges in the southwest African country.

Make no mistake, there’s still plenty of work ahead of the global air transport industry to deliver on the promises of the remarkable emissions resolution that was achieved at the ICAO Assembly in Montreal.

It was an unusual setting for a major aircraft order announcement. Media had been informed by Qatar Airways that the airline and Boeing would be making an “historic” announcement.

This is the last day to enter for the 43rd Annual ATW Airline Industry Achievement Awards; the nominations form will close at midnight US eastern Friday, Oct. 28.

A Belavia Belarusian Airlines Boeing 737-800 en route from Kiev Zhulyany to Minsk was ordered to return to Zhulyany airport Oct. 21 in what appears to be a demand by authorities because of interest in one of the aircraft’s passengers.

Turkish low-cost carrier (LCC) Pegasus Airlines recorded a 7.4% increase in the number of passengers flown in the first nine months of the year compared to a year previously, the airline has announced.

Latvian carrier airBaltic has joined Airlines for Europe (A4E), adding to the lobbying group’s growing number of carriers.

Aeroflot low-cost subsidiary (LCC) Pobeda Airlines has opened an operations control center at Moscow Vnukovo International Airport, which will allow flights to maintain a 30-minute turnaround time.

Malaysia Airlines is completing a charter business concept to operate its six Airbus A380s in a dedicated subsidiary for religious pilgrimage traffic.

[UPDATED] Turkish Airlines’ long-term CEO Temel Kotil has resigned to become head of Turkish Aerospace Industries (TAI), a center of technology in design, development, manufacturing and after-sales support in Turkey.

Seattle-based Alaska Air Group, parent of Alaska Airlines and Horizon Air, posted third-quarter 2016 net income of $256 million, down 6.6% from a net profit of $274 million in the 2015 September quarter.