Irish low-cost carrier (LCC) Ryanair reported a full-year net profit of €1.3 billion ($1.5 billion), up 6% from a €1.2 billion net profit in the year-ago period.
Greece-based Aegean Airlines reported a 2017 first-quarter net loss of €35.8 million ($38.4 million), widened from a net loss of €21.5 million for the year-ago quarter.
Lufthansa Group low-cost (LCC) subsidiary Eurowings—which remains the fastest-growing airline in Europe—aims to continue its fleet expansion and eventually double the number of aircraft it has in order to compete with other European LCCs such as the UK’s easyJet and Ireland’s Ryanair.
Calgary-based low-cost carrier WestJet has named Charles Duncan as the new head of WestJet Encore, WestJet’s regional airline, effective June 6, pending immigration approval.
British Airways (BA) has promised “an exhaustive investigation” into what caused the collapse of its IT systems over the weekend, causing widespread cancellations and chaos.
A global IT outage across British Airways (BA) May 27 that severely disrupted the airline’s operations and led to widespread cancelations appears to have been caused by a power supply issue, BA CEO Alex Cruz said.
Volaris is Mexico's second-largest airline and has unit costs that are among the five lowest in the world. It's also expanding its model to Costa Rica.
Central and Eastern European low-cost carrier (LCC) Wizz Air reported a net profit of €246 million ($258.3 million) for the financial year ended March 31, up 28% compared to net profit of €193 million in the previous financial year.
Long-haul, low-cost carrier (LCC) AirAsia X reported a first-quarter net profit of MYR10.3 million ($2.3 million), down 94% compared to net profit of MYR179.5 million in the year-ago quarter.
New York Newark Airport has reopened after a United Airlines Boeing 757 had a suspected engine fire while taxiing, leading to minor injuries during the evacuation.
South America’s LATAM Airlines Group reported a first-quarter 2017 net profit of $65.6 million, down 35.9% from the company’s $102.2 million net income in 1Q 2016.
LOT Polish Airlines is seeing increasing numbers using Warsaw Chopin Airport as a transfer hub and hopes to expand those numbers further, according to CEO Rafał Milczarski.
2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year first-quarter or equivalent, generally covering January-March 2017
Singapore Airlines Group (SIA) reported a FY2016-17 net profit of S$360 million ($259 million) for the fiscal year through March 31, down 55% from S$804.4 million in the previous year.
Istanbul-based Turkish Airlines may give technical assistance to the Albanian government in setting up its own national carrier, Albania Prime Minister Edi Rama announced at a May 9 joint press conference in Tirana, Albania.
Airport and airline traffic; aircraft values; Jan-April 2017; April 2017 Airbus, Boeing deliveries and orders; Q1 airline and lessor financial results.
Airlines want more power over pricing, but global distribution systems stick to the status quo. Technology or regulator intervention could lead to changes.
