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.
Southwest Airlines canceled at least 300 additional flights Friday, July 22, as the airline continued to deal with lingering disruptions following its systemwide technology breakdown Wednesday, July 20.
Czech Airlines recorded its best half-yearly results in a decade, showing a net profit of CZK72.4 million ($2.9 million) for the first half of 2016, the Prague-based carrier said July 21.
Mexican ultra-low-cost carrier (ULCC) Volaris posted net income of MXP935 million ($50 million) for the 2016 second quarter, more than doubling its MXP351 million net profit reported in 2Q 2015.
Kenya Airways posted a net loss of KSh26 billion ($252 million) for the 2015-16 financial year to March 31, virtually identical to last year’s loss of KSh25.7 billion, which was the largest loss in Kenyan corporate history.
China’s HNA Group subsidiary Tianjin Airlines plans to expand its long-haul Airbus A330 fleet to 10 aircraft as it accelerates its international expansion pace.
American Airlines reported a 2016 second-quarter net profit of $950 million, down 44.3% from $1.7 billion in net income in the 2015 June quarter, as revenue fell 4.3% year-over-year to $10.36 billion.
Hawaiian Airlines’ parent Hawaiian Holdings reported a 2016 second-quarter net profit of $79.6 million, up 62.9% from its $48.8 million net profit in the year-ago quarter.
Boeing announced Thursday it will recognize financial charges totaling $2.1 billion related to three aircraft programs in its second-quarter earnings results next week.
Dallas-based Southwest Airlines posted a 2016 second-quarter net income of $820 million, up 34.9% year-over-year (YOY), compared to a net profit of $608 million in the year-ago quarter.
Alaska Air Group has reached an agreement with the US Department of Justice (DOJ) on the timing of the antitrust review of its proposed acquisition of Virgin America and expects the merger to close in the 2016 fourth quarter, according to Alaska CEO Brad Tilden.
UK budget carrier easyJet has taken a £40 million ($52.5 million) currency hit because of the devaluation of the pound since the UK voted to leave the European Union, or Brexit, on June 23.
Turkey’s national flag carrier Turkish Airlines said all flight operations are proceeding as normal, after President Recep Tayyip Erdogan issued a three-month state of emergency following a failed military coup attempt July 15.
Germany-based Lufthansa has lowered its full-year profit forecast after a significant decline in advanced long-haul bookings to Europe following repeated terrorist attacks in Europe amid greater political and economic uncertainty.
