Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported second-quarter net income of $60.8 million, up 12% from $54.3 million in the year-ago period.
US-based FedEx earned net income of $1.82 billion for its 2016 fiscal year ended May 31, up 73.3% over a net profit of $1.05 billion for the previous fiscal year, on a 6.1% year-over-year (YOY) rise in revenue to $50.37 billion.
Florida-based ultra low-cost carrier Spirit Airlines reported 2016 second-quarter net income of $73.1 million, down 4.7% from a $76.7 million profit in the year-ago period.
Japan Airlines (JAL) saw its net profit decline 55% to ¥14.7 billion yen ($143.6 million) in the three months through June 30, partly because of earthquakes in Kyushu and weakness in many global markets.
Utah-based SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported $40.2 million in 2016 second-quarter net income, up 27.8% from the company’s $31.5 million net income in 2Q 2015.
The Singapore Airlines Group has reported a 2016-17 first-quarter net profit of S$256.6 million ($190 million), nearly tripled from a S$91.2 million net profit in the year-ago period ended June 2015.
UK-based regional airline Flybe has warned it will take a £2.5 million ($3.3 million) full-year profit hit because of currency fluctuations following the UK’s decision to exit (Brexit) the European Union (EU).
Icelandair has reported a 2016 second-quarter net income of $26.2 million, up 17% from a $22.4 million profit in the year-ago period; however, the airline has downgraded its outlook because of market uncertainty triggered by Brexit and recent terrorist attacks.
Kazakhstan-based Air Astana is conducting a network and fleet study that may result in the airline taking Embraer E2s and creating a joint-venture airline in the region.
Malaysia Airlines is moving forward with a 12-point turnaround plan, which is proceeding faster than expected, Malaysia Airlines CEO Peter Bellew told ATW.
China’s HNA Group subsidiary HNA Aviation Air Catering has increased its stake in Swiss airline catering and logistics services company Gategroup from 61.7% to 96.1% as it steps up its international pace.
Malaysia Airlines has announced a deal for 50 Boeing 737 MAX aircraft, made up of 25 firm MAX 8s and 25 purchase rights, valued at $2.75 billion at list prices.
New York-based JetBlue Airways reported a second-quarter net profit of $180 million, up 18.5% over net income of $152 million in the prior-year period.
Canadian low-cost carrier (LCC) WestJet reported a second-quarter net profit of C$36.7 million ($28.2 million), down 40.5% from net income of C$61.6 million in the 2015 June quarter, but the period did mark its 45th consecutive quarter in the black.
The UK’s forthcoming exit from the European Union (EU), or Brexit, is one of the major business risks facing Irish low-cost carrier (LCC) Ryanair in the near future, CFO Neil Sorahan said in London July 25.
