Airlines & Lessors

Global aviation freight volumes dropped 2% in March year-over-year (YOY), according to IATA.

Latvian flag carrier airBaltic achieved a net profit of €19.5 million ($22.2 million) for 2015, almost doubling its surplus from the previous year’s €10.7 million, the airline said May 12.

Finland flag carrier Finnair reported a first-quarter net loss of €15.1 million ($17.2 million), narrowed 53.2% from a net loss of €9.8 million in the year-ago period.

Data represents the total employment, full time plus part time, of all US scheduled passenger, charter and cargo airlines, sorted by Airline Group.

Sharjah-based low-cost carrier (LCC) Air Arabia posted a first-quarter net profit of AED114 million ($31 million), up 34% compared to a AED85 million net profit in the year-ago quarter.

Asia’s recently democratized nation, Myanmar (formerly Burma), is expanding its aviation capability with a new airline and the construction of an international airport.

People-May 10, 2016

Airbus booked firm orders for 85 commercial aircraft in April, valued at approximately $16.22 billion at list prices.

Dubai-based Emirates Airline recorded a net profit of AED7.13 billion ($1.94 billion) for the 2015-16 financial year ended March 31, up 56.4% compared to a net profit of AED4.6 billion in the previous year.

Airbus and Boeing commercial aircraft gross orders for 2016 year-to-date, sorted by most-recent date of order placement with manufacturer.

UK-based easyJet slipped back to a net loss of £20 million ($29 million) for the half-year ended March 31, compared to a profit of £5 million a year ago.

Airbus and Boeing commercial aircraft deliveries for 2016 year-to-date, sorted by most-recent delivery date.

The Sri Lankan government is planning to re-privatize SriLankan Airlines, six years after buying back the stake held by Dubai-based Emirates Airline.

The latest US Airline Fuel Cost and Consumption figures - for March 2016 and comparative prior months - organized by domestic, international and system totals.

Singapore-based leasing company BOC Aviation is planning an initial public offering (IPO) worth $1.5 billion-$2 billion in the coming months, according to an application filed with the Hong Kong Stock Exchange (HKSE).

China’s Hainan Airlines reported a first-quarter net profit of CNY1.44 billion ($216 million), up 56% over net income of CNY921.2 million in the year-ago quarter.

Abu Dhabi-based Etihad Airways president and CEO James Hogan has been promoted to Group president and CEO, while Peter Baumgartner has become Etihad Airways CEO under a new management structure announced May 8.

Asia-Pacific international passenger traffic in March slowed to 4.5% to 24.4 million, according to the Association of Asia Pacific Airlines (AAPA).

Russia’s Aeroflot airline plans to carry 30 million passengers in 2016, Aeroflot CEO Vitaly Savelyev told Russia’s TV Rossiya 24.

Panama City-based Copa Holdings reported first-quarter net income of $115.5 million, up 2% from a net income of $113.2 million in the year-ago quarter.

Singapore-based low-cost carrier (LCC) Tigerair reported a net profit of S$7.9 million ($5.8 million) for the 4Q 2016, which ended March 31.

Purchase, New York-based air cargo operator Atlas Air Worldwide Holdings reported a first-quarter net profit of $471,000, down significantly from net income of $29.2 million in the prior-year period, as revenue fell 5.9% year-over-year to $418.6 million.

Sweden-based cargo specialist West Atlantic Group reported a 2015 net loss of SEK49.6 million ($6 million), reversed from a net profit of SEK10.6 million the previous year.

Air Serbia reported a 2015 net profit of €3.9 million ($4.4 million), up 44% compared to a €2.7 million net profit in 2014.

Amazon has reached an agreement with Purchase, New York-based Atlas Air Worldwide Holdings to wet lease 20 Boeing 767-300 converted freighters, the second freighter lease deal the Seattle-based online retail giant has signed this year.