Airlines & Lessors

Malaysia-based AirAsia Group is looking to merge two of its regional subsidiaries—Thai AirAsia and Indonesia AirAsia—that could potentially use Thailand as the ASEAN regional headquarters for the group.

Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—carried 276,827 passengers in the first quarter, up 22% year-over-year (YOY), as a result of network and fleet growth.

Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the first quarter of 2016.

Air France-KLM Group has reported a first-quarter net loss of €155 million ($175.3 million), narrowed from a €559 million net loss in the year-ago period.

Current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest and comparative figures for the current week.

Abu Dhabi-based Etihad Airways, which has major interests in Italy through its 49% stake in flag carrier Alitalia, has signed an agreement with Parma International Airport in northern Italy to establish a cargo transit center.

China’s big three carriers—Air China, China Southern and China Eastern—have all reported big first-quarter profit increases as a result of stable market demand growth and lower fuel prices.

Thai-based low-cost carrier Nok Air has announced the resignation of the chairman of its audit committee Pimol Srivikorn, effective immediately.

For the Lufthansa Group, “2015 was our toughest year in emotional terms, and at the same time one of the most successful in our corporate history,” chairman of the board and CEO of Deutsche Lufthansa Carsten Spohr told the company’s annual general meeting (AGM), which was held a few days before Tuesday’s release of its first-quarter results.

Calgary-based WestJet reported a first-quarter net profit of C$87.6 million ($67.3 million), down 37.7% from net income of C$140.7 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to C$1.03 billion.

Russia’s AirBridgeCargo Airlines (ABC) reported first-quarter 2016 cargo tonnage growth of 27% over first quarter 2015.

Air Seychelles posted a 2015 net profit of $2.1 million, down 34.4% from a net profit of $3.2 million recorded in 2014.

China’s Spring Airlines earned a first-quarter net profit of CNY366.68 million ($56.7 million), up 44% over a net income of CNY254.32 million in the year-ago quarter.

Australian flag carrier Qantas will launch a new cargo subsidiary in July 2016, dedicated to serving the needs of Australia Post, the national postal service provider.

Latvian carrier airBaltic has undergone a capital increase, finalizing German investor Ralf-Dieter Montag-Girmes’ 20% stake in the airline.

Brussels Airlines passenger traffic fell 19.1% in March following the terrorist attacks, which closed its home base for 12 days.

Germany-based Lufthansa Group recorded a net loss of €8 million ($9 million) for 1Q 2016, reversed from a net profit of €425 million for the year-ago period.

The latest airport passenger traffic and aircraft movements for 159 airports worldwide - current through May 3, 2016 - presented in monthly and year-to-date figures.

Memphis-based FedEx Corp.’s acquisition of Netherlands-based TNT Express is nearing completion after gaining regulatory approval in China.

Russia’s UTair Airline has reported a 2015 net income of RUB2.27 billion ($31 million), reversed from a net loss of RUB61.66 billion in 2014.

China’s Spring Airlines reported a net profit of CNY1.33 billion ($205 million) in 2015, up 50% over a net income of CNY884.2 million in 2014.

Indian low-cost carrier (LCC) IndiGo reported a 4Q 2016 net profit of INR5.79 billion ($87.4 million), up a scant 0.3% compared to a net profit of INR5.77 billion in the year-ago period.

Italian flag carrier Alitalia has reported a 2015 net loss of €199 million ($217.4 million), narrowed from a loss of €580 million in 2014.

Air France-KLM has appointed Jean-Marc Janaillac as chairman and CEO when Alexandre de Juniac steps down to replace the retiring Tony Tyler as IATA’s DG and CEO this summer.

Air Canada reported a C$100 million ($77.5 million) net profit for the first quarter of 2016, reversing its C$309 million net loss in 1Q 2015.