Airlines & Lessors

The 10 publicly traded US passenger airlines collectively reported a pre-tax profit margin of 14.2% in 2016, according to Airlines for America (A4A).

January and February international airport, key airline traffic; aircraft values; 2016 financials for airframers, airlines, lessors

Doug Parker, CEO of 2017 ATW Airline of the Year American Airlines, says it's his job to create an environment where people can thrive.

Alitalia CEO Cramer Ball has confirmed that 2,000 jobs are to be cut, representing 51% of the airline’s office staff and 20% of nonflying operational roles, under a recently announced restructuring strategy.

Singapore-headquartered lessor BOC Aviation has placed an order for two more Airbus A320-200s for delivery this year.

Avianca Holdings posted a net profit of $44.2 million in 2016, reversing a $139.5 net loss the company reported in 2015.

US airlines carried a record 823 million passengers systemwide in 2016, up 3.1% from the previous record high of 798.2 million recorded in 2015, according to US Bureau of Transportation Statistics (BTS) released March 16.

The European Commission (EC) has reinstated fines totaling €776 million ($834 million) on 11 airlines for operating a price-fixing cartel on air freight from 1999 to 2006.

Lessor Dubai Aerospace Enterprise (DAE) has completed the purchase of a portfolio of ATR 72-600 aircraft from GE Capital Aviation Services (GECAS).

International Airlines Group (IAG) launched its long-anticipated low-cost, long-haul carrier March 17, naming it Level.

Santiago, Chile-based LATAM Airlines Group reported a 2016 net profit of $69.2 million, reversed from a net loss of $219.3 million in 2015.

US National Transportation Safety Board (NTSB) vice chairman Bella Dinh-Zarr has taken on the role of acting chairman following the expiration of Christopher Hart’s term as NTSB chairman.

Azul Brazilian Airlines, the São Paulo-based carrier founded by JetBlue Airways founder David Neeleman in 2008, has commenced an initial public offering (IPO).

Lufthansa Group turned in a net profit of €1.78 billion ($1.90 billion) in 2016, up 4.6% on the previous year’s figure of €1.70 billion, the Germany-based organization said March 16.

Italian flag carrier Alitalia management presented a radical new business plan to the Italian government March 16 as it seeks to turn around the loss-making airline.

Cathay Pacific has blamed increasing competition from direct flights to mainland China as a major factor in its first full-year net loss since 2008.

Argentine ultra-low-cost carrier (ULCC) startup Flybondi has selected the Boeing 737-800 as its launch aircraft and is ready to begin negotiations for up to 50 737 MAX 200s.

Singapore-based aircraft lessor Avation has received eight offers for all or part of its 22-aircraft ATR fleet, after receiving an initial approach from an unnamed company in October 2016.

Startup carrier Cyprus Airways has secured its air operator’s certificate (AOC) and plans to launch operations “very soon.”

Gulf carrier Oman Air and Germany’s Lufthansa will begin codesharing from March 26, on the Omani national carrier’s daily Muscat-Frankfurt and Muscat-Munich services.

American Airlines will provide meals at no extra cost for all main cabin seats on two transcontinental routes, beginning May 1.

Turkish Airlines reported a 2016 net loss of $77 million, reversed from a net profit of $1.7 billion for the previous year.

The Civil Aviation Administration of China (CAAC) has revoked the air operator’s certificate (AOC) for Ying’an Airlines because, CAAC said, the airline was no longer able to conduct safe operations.

The General Court of the European Union has annulled a European Commission ruling, which blocked a 2012 merger between express delivery companies United Parcel Service (UPS) and TNT.

Spanish low-cost carrier (LCC) Volotea will grow its fleet to 28 aircraft this year, as the LCC continues a rapid growth and transition from Boeing 717 to Airbus A319 operations.