Hong Kong Airlines (HKA) sees potential for more growth in Australia and New Zealand, two markets the carrier has picked for its first steps into long-haul operations.
Delta Air Lines’ Trainer, Pennsylvania oil refinery is expected to incur an operating loss of about $100 million for the full-year 2016 after posting operating profits in both 2014 and 2015.
Swedavia, owner and operator of 10 airports across Sweden, reported Oct. 13 a total of 29.7 million passengers have embarked and disembarked at the state-owned company’s airports through Sept. 30, a 5% rise year-over-year (YOY).
Delta Air Lines reported a third-quarter 2016 net profit of $1.26 billion, down 4% from net income of $1.32 billion in the 2015 September quarter, as revenue dropped 6% year-over-year to $10.48 billion.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the second quarter of 2016.
UK carrier Monarch Airlines announced Oct. 12 it has received a £165 million ($203 million) injection from majority shareholder, Greybull Capital, on the deadline set by UK regulator Civil Aviation Authority to have fresh funding in place.
Richard Anderson has retired as executive chairman of Delta Air Lines’ board of directors, departing from the Atlanta-based airline on which he left an indelible mark over the last nine years.
New Omani low-cost carrier (LCC) SalamAir will begin its operational life with Airbus A320s, rather than the previously mooted Boeing 737s, the airline said Oct. 11.
Turboprop manufacturer ATR CEO Patrick de Castelbajac has confirmed he is leaving and will be succeeded by senior Airbus Group executive Christian Scherer.
Worldwide air passenger traffic increased 4.6% year-over-year (YOY) in August, a slowdown from July’s revised 6.9% YOY growth pace, according to IATA’s August Air Passenger Market Analysis.
Spanish low-cost carrier (LCC) Vueling, which is owned by International Airlines Group (IAG), has closed three aircraft bases and is rolling out a new restructuring strategy, “Vueling NEXT,” which also includes a new management structure.
Juneyao Airlines and Star Alliance have formally sealed a strategic partnership, which will see the Shanghai-based carrier become a connecting partner in 2017.
The global air freight market increased 3.9% year-over-year (YOY) in August, down slightly from July’s revised 4% growth, illustrating the “stiff headwind” air freight continues to encounter amidst “the ongoing sluggishness of global trade conditions,” according to IATA’s August Air Freight Market Analysis.
Stamford, Connecticut-based commercial aircraft lessor Intrepid Aviation has revised a firm purchase commitment with Boeing for six 777-300ERs, canceling two of the 777-300ERs in favor of two new 747-8F freighters.
Irish lessor Avolon has agreed to acquire US company CIT Group’s leasing business for $10 billion, creating the world’s third largest lessor with a fleet of 910 aircraft worth over $43 billion.
UK low-cost carrier (LCC) easyJet is forecasting a £490-£495 million ($624-$630 million) full-year pre-tax profit, 29% down from £686 million in the prior year, after being “disproportionately affected” by major external shock events and disruption.
