Qantas reported a net profit of 1 billion Australian dollars ($760 million) for the fiscal year through June 30, a record for the carrier and an increase of more than 80% from the previous year.
Ukraine International Airlines (UIA) has taken delivery of eight of the nine Boeing 737-800s that it plans to take in 2016 as part of its fleet-renewal program.
According to Liu Zhiren, general manager of the Hunan Airport Management Group, the new carrier will be named Zhongnan Airlines and will begin with registered capital of 1 billion yuan ($151 million).
Russia’s second-biggest airline group, S7 Airlines, reported its traffic increased 29.5% year-on-year (YOY) in July, while Aeroflot Group’s July traffic was up 5.4% YOY.
Germany-based leisure carrier Condor has been hit by shrinking demand, especially on flights to holiday destinations, related to recent terrorist attacks in Europe.
All 300 people onboard the Emirates Boeing 777 escaped with their lives when the aircraft crash-landed at Dubai Airport and burst into flames. Sadly a firefighter was killed tackling the blaze, but the scale of the tragedy could have been so much larger.
Delta Air Lines and Southwest Airlines are very different airlines. One is a global full-service airline with a fleet of varied aircraft types and multiple product offerings for passengers, while the other is the world’s original low-cost carrier with an all-Boeing 737 fleet, no business class and a mostly domestic operation.
Avianca Holdings S.A., the parent of seven Latin American passenger airlines including Colombian flag carrier Avianca and air-freight carrier Avianca Cargo, posted a $23.2 million net loss for the 2016 second quarter,
Finnish airline Finnair is to add services to the Greek island of Corfu, the Spanish islands of Ibiza and Menorca, as well as Reykjavik in Iceland, for summer 2017.
Turkish Airlines recorded a net loss of 1.894 million lira ($644 million) for the first half-year ended June 30, compared to a profit of 1.035 million lira for the same period a year ago.
China’s Beijing Capital Airlines will begin 3 X-weekly Hangzhou-Vancouver services on Dec. 30, marking the western Canada city as the first the North American destination for the HNA Group subsidiary airline.
Sri Lanka has extended the deadline for expressions of interest in oneworld member SriLankan Airlines and its low-cost subsidiary, Mihin Lanka, until Aug. 31.
Poland’s largest charter company, Enter Air, had one of its aircraft seized at Paris Charles de Gaulle Airport for several hours for non-payment of fines for noise violations at the airport.
Turkish low-cost carrier (LCC) Pegasus Airlines recorded a sharp deterioration in its half-yearly financial figures, with the airline making a net loss of TL202.9 million ($70 million) widened from a deficit of TL42.2 million for the same period last year.
Former Allegiant Air president Andrew Levy has been named United Airlines CFO, filling a position that had been handled on an acting basis for more than a year.
Finland flag carrier Finnair has launched a new €20 million ($22.5 million) cost-savings program after reporting a €1.1 million second-quarter net loss, an 82% improvement on the €6 million loss it posted in the year-ago period.
US airlines collectively reported approximately $12 billion in pre-tax profit for the first half of 2016, up about 6.2% from $11.3 billion in the 2015 first half, according to Washington, DC-based lobbying group Airlines for America (A4A).
Hong Kong flag carrier Cathay Pacific saw its net profit drop to HK$353 million ($45 million) for the six months through June 30, compared to a profit of just under HK$2 billion in the same period last year.
