China’s Hainan Airlines plans to take a 23% shareholding in TAP Portugal, with a bond buy from Azul Brazilian Airlines, in a €30 million ($33 million) transaction.
Chicago-based United Airlines is slowing capacity growth in the second half of 2016, and on transatlantic routes will cut capacity by 1% to 2% in the fourth quarter compared to the 2015 December quarter.
Grupo Aeromexico reported MXP28 million ($1.5 million) in net income for the 2016 second quarter, down 72.5% from its MXP102 million net profit in the year-ago period.
Lufthansa Group is in talks to potentially buy routes from German low-cost carrier (LCC) airberlin, according to a report by German financial newspaper Handelsblatt.
The Sri Lankan government has called for expressions of interest in the privatization of oneworld member SriLankan Airlines and its low-cost subsidiary, Mihin Lanka.
Eastern European low-cost carrier Wizz Air has halved its planned second-half growth in the UK as a “direct result” of the country’s recent vote to leave the European Union.
Eastern European low-cost carrier Wizz Air reported a first-quarter net income of €50.7 million ($56 million), up 54.2% from a €32.9 million profit in the year-ago period.
Chicago-based United Airlines parent United Continental Holdings reported a second-quarter net profit of $588 million, down 50.7% from net income of $1.19 billion in the 2015 June quarter.
Lufthansa Cargo and All Nippon Airways (ANA) have extended their cooperation, combining Lufthansa’s entire European feeder network with direct flights of both partners as of July 12.
From Boeing's 2016 Current Market Outlook report, 20-year projections for economic and traffic growth, plus needed new aircraft to accommodate the projections, for the world's regions.
Delta Air Lines executives said they are not concerned by the money-losing first-half 2016 performance of the company’s Trainer, Pennsylvania oil refinery, noting that the facility is part of Delta’s overall fuel strategy and is not judged solely by profitability.
Hainan Airlines is expected to raise its stake in Shanghai-based Yangtze River Airlines from 0.37% to 11.6% with an investment of CNY915.2 million ($136.8 million) to enhance its position in Shanghai and the East China market.
Plans for Qatar Airways to set up a subsidiary to contest the liberalizing Saudi Arabian domestic airline market have been suspended, or even abandoned, ATW understands.
UK long-haul, low-cost startup People Over Profit (POP) has delayed its launch from the fourth quarter of 2016 to the first half of 2017, partly because of slower-than-expected progress on its funding drive.
Malaysia-based low-cost carrier (LCC) AirAsia has confirmed that a significant proportion of its latest major Airbus narrowbody aircraft order will be allocated to its leasing subsidiary.
Airline operations to, from and within Turkey came to a complete standstill Saturday by an attempted military coup that left the country in chaos. But the CEO of Turkish Airlines told ATW that his airline expected to operate about half of its Istanbul schedule Saturday.
Low-cost carrier (LCC) Norwegian has reported a net profit of NOK745.4 million ($88.3 million) for the 2016 second quarter, more than doubling its NOK325 million net result in the year-ago June quarter.
Chicago-based United Airlines has agreed to pay the US government a financial penalty of $2.25 million for its conduct related to a federal bribery case, but will not be prosecuted criminally in the matter.
Air France-KLM Group has signed a new agreement with China Eastern Airlines to include Netherlands-based KLM in the existing joint venture between the French and Chinese carriers.
Alaska Airlines president and COO Ben Minicucci will additionally take on the role of Virgin America CEO when Alaska Air Group’s acquisition of Virgin America closes.
