China’s Juneyao Airlines reported a 2016 first-half net profit of CNY710.2 million ($107 million), up 37% compared to a net income of CNY517.7 million in the year-ago half.
Nigerian’s largest airline Arik Air has resumed operations after being temporarily grounded Sept. 13-14 because of an administrative problem with its insurance policy.
The notion that US airline flight arrival times are becoming more reliable is misleading because carriers are increasing schedule block times to account for air traffic control (ATC) inefficiencies, the CEOs of American Airlines and JetBlue Airways said.
Patient investors are likely to be rewarded by US airlines in the long run despite near-term negative unit revenue trends and sluggish stock price growth, two leading industry analysts predicted.
African low-cost carrier (LCC) Fastjet will swap out some of its all-Airbus A319 fleet for wet-leased Embraer E190s, introduce connecting flights, and is considering a headquarters move from the UK to South Africa.
Buenos Aires-based Aerolíneas Argentinas has taken delivery of an Airbus A330-200 aircraft, provided on long-term lease by Stamford, Connecticut-based lessor Aircastle.
The South African government has agreed to grant a “going concern guarantee” to struggling flag carrier South African Airways (SAA), but has insisted on major reforms at the carrier, including looking for a strategic equity partner.
SAS Scandinavian Airlines recorded net income of SEK805 million ($94 million) for the third quarter of its financial year ended July 31, marginally up on the SEK800 million earned for the year-ago period.
Shanghai-based low-cost carrier (LCC) Spring Airlines reported a 2016 first-half net profit of CNY740.15 million ($100.5 million), up 19.5% over a net income of CNY641.69 million in the year-ago period.
Emirates Airline has appointed outgoing Malaysia Airlines CEO Christoph Mueller as chief digital and innovation officer, as the Dubai-based carrier kicks off a wide-ranging process review.
Dubai-based Emirates Airline is considering introducing a premium-economy class and ancillary revenue streams as yields continue to come under pressure.
China’s Hainan Airlines has reported a first-half net profit of CNY1.67 billion ($227 million), up 4.4% over a net income of CNY1.6 billion in the year-ago period.
If something like 9/11 happened today—airspace in the world’s largest air transport market completely shut down for more than two days, plus weeks of tepid air travel demand—would a bailout akin to the one provided to US airlines in September 2001 be necessary?
On the morning of Sept. 11, 2001, I was listening to Canadian transport minister David Collenette address the Airports Council International-North America Conference and Exhibition at the Montreal convention center.
In the approach to the 15th anniversary of 9/11, the terrorist attack on the US using hijacked airliners as the weapons, ATW editors reflect on the commercial air transport industry then and now. Contributing Editors: Linda Blachly, Aaron Karp, Victoria Moores, Mark Nensel, Karen Walker
