Will there be a catastrophic collapse of air services between the European Union and the UK, or “business as normal”? There is uncertainty as Brexit approaches.
Swiss International Air Lines (SWISS) is considering ordering the Airbus A321neoLR to operate on routes from Zurich to long-haul destinations in Africa, SWISS CEO Thomas Klühr told ATW.
Second-quarter 2017 net earnings for El Al Israel Airlines fell 53.1% year-over-year (YOY) to $16.4 million, a drop from $35 million in the year-ago quarter, as the airline “had to cope with the huge growth in competition at [Tel Aviv’s] Ben Gurion Airport,” according to El Al CEO David Maimon.
Berlin-based Germania is expanding its flight schedule for 2018 in an effort to fill a void in the German air travel market following the announcement of airberlin’s insolvency.
Airberlin—which filed for bankruptcy last week—should be sold by September at the latest, CEO Thomas Winkelmann has told the German daily Bild am Sonntag.
Shanghai-based LCC Spring Airlines reported a net profit of CNY554 million ($81.7 million) in the 2017 first half, down 25.2% over net profit of CNY740.1 million in the year-ago half because of a sharp increase of operating costs.
UK lessor Falko Regional Aircraft, which focuses on the regional aircraft sector, has added four Embraer E190 regional jets to its portfolio, the company said Aug. 21.
It took a long while and a public relations disaster, but US airlines seem to have learned that passengers dislike being kicked off the plane because their flight was oversold.
LATAM Airlines Group’s route capacity and fleet management efforts, combined with a 10.6% rise in passenger revenues, helped to push its 2017 second-quarter operating profits to a company record of $48.2 million, compared to $1.3 million for 2Q 2016.
Airberlin will delay its 2Q results presentation, which had been expected Aug. 18, because of the German carrier’s bankruptcy filing earlier this week.
After receiving its third Boeing 787-9 in July, Korean Air launched 3X-weekly service between Incheon-Madrid and 4X-weekly service between Incheon-Beijing in early August.
French leisure airline Aigle Azur has appointed Frantz Yvelin as president and CEO, the executive who founded all-business airline L’Avion that was ultimately sold to British Airways (BA).
Following airberlin’s Aug. 15 bankruptcy filing, Lufthansa will start negotiations with the company’s newly appointed administrator Lucas Flöther and CEO Thomas Winkelmann on Aug. 18 to discuss the targeted takeover of a large number of assets.
US airlines’ expenses grew at more than twice the rate of revenue in the 2017 first half, leading to a 23.3% year-over-year (YOY) decline in pre-tax profitability.
Cathay Pacific has plunged further into the red for the first half of 2017, and is pinning its hopes on a transformation plan to help counter surging competition.
