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.
Istanbul-based Turkish Airlines reported a nine-month 2016 net loss of $463 million, reversed from a net profit of $877 million in the year-ago period.
China’s Hainan Airlines reported a third-quarter net profit of CNY1.7 billion ($251 million), nearly doubled from a net income of CNY887.3 million in the year-ago quarter.
Ethiopian Airlines is in talks over possible joint ventures in a number of African countries, including Botswana, Mozambique, Democratic Republic of Congo (DRC), Republic of the Congo, Rwanda, Uganda, Zambia and Zimbabwe.
Halifax-based Chorus Aviation, the parent company of Canadian regional airline Jazz Aviation, reported a third-quarter net profit of C$20.1 million ($15.3 million), more than tripling the company’s C$6.3 million net profit in 3Q 2015.
Dubai-based Emirates Airline recorded a net profit of AED786 million ($214 million) for the first half of its 2016-17 financial year, down 75% from AED3.1 billion in the year-ago period.
UK-based regional Flybe reported a first-half net profit of £13.4 million ($16.6 million), halved from a net profit of £26.8 million in the same period last year.
Panama City-based Copa Holdings posted net income of $74 million for the 2016 third quarter, more than a tenfold increase compared to the company’s $6.2 million net profit in 3Q 2015.
