Airlines & Lessors

By Adrian Schofield
Korean Air achieved a net profit of KRW428 billion ($378 million) for the third quarter, reversing a loss of KRW510 billion in the year-ago period.
Airlines & Lessors

For commercial airlines and airline groups worldwide, year-to-date 2016 passenger traffic, RPKs, load factors, and FTKs, as of Oct. 24, 2016.
Airlines & Lessors

Finnair will wet lease one Airbus A340 from Portuguese aircraft-crew-maintenance-insurance (ACMI) specialist Hi Fly for two months to accommodate pilot trainings to secure the airline’s growing operations in summer 2017 and beyond.
Airlines & Lessors

TAAG Angola Airlines has reported positive effects of its restructuring program, which was implemented as the state-owned national airline of Angola faces economic challenges in the southwest African country.
Airlines & Lessors

By Karen Walker
Make no mistake, there’s still plenty of work ahead of the global air transport industry to deliver on the promises of the remarkable emissions resolution that was achieved at the ICAO Assembly in Montreal.
Safety, Ops & Regulation

It was an unusual setting for a major aircraft order announcement. Media had been informed by Qatar Airways that the airline and Boeing would be making an “historic” announcement.
Airlines & Lessors

This is the last day to enter for the 43rd Annual ATW Airline Industry Achievement Awards; the nominations form will close at midnight US eastern Friday, Oct. 28.

By Polina Montag-Girmes
A Belavia Belarusian Airlines Boeing 737-800 en route from Kiev Zhulyany to Minsk was ordered to return to Zhulyany airport Oct. 21 in what appears to be a demand by authorities because of interest in one of the aircraft’s passengers.
Safety, Ops & Regulation

By Alan Dron
Turkish low-cost carrier (LCC) Pegasus Airlines recorded a 7.4% increase in the number of passengers flown in the first nine months of the year compared to a year previously, the airline has announced.
Airlines & Lessors

By Alan Dron
Latvian carrier airBaltic has joined Airlines for Europe (A4E), adding to the lobbying group’s growing number of carriers.
Safety, Ops & Regulation

By Polina Montag-Girmes
Aeroflot low-cost subsidiary (LCC) Pobeda Airlines has opened an operations control center at Moscow Vnukovo International Airport, which will allow flights to maintain a 30-minute turnaround time.
Airlines & Lessors

Malaysia Airlines is completing a charter business concept to operate its six Airbus A380s in a dedicated subsidiary for religious pilgrimage traffic.
Airports & Networks

[UPDATED] Turkish Airlines’ long-term CEO Temel Kotil has resigned to become head of Turkish Aerospace Industries (TAI), a center of technology in design, development, manufacturing and after-sales support in Turkey.
Airlines & Lessors

Seattle-based Alaska Air Group, parent of Alaska Airlines and Horizon Air, posted third-quarter 2016 net income of $256 million, down 6.6% from a net profit of $274 million in the 2015 September quarter.
Airlines & Lessors

By Mark Nensel
Panama City-based Copa Holdings will launch Wingo, a low-cost carrier subsidiary of Copa Airlines Colombia, on Dec. 1.
Airlines & Lessors

Seattle-based Alaska Air Group remains in discussions with the US Department of Justice (DOJ) over gaining antitrust clearance for its acquisition of San Francisco-based Virgin America and continues to be confident the deal will be approved.
Airlines & Lessors

By Mark Nensel
By 2036, 7.2 billion passengers will travel by air annually, according to IATA’s newest 20-year Air Passenger Forecast, released Oct. 18.
Airlines & Lessors

By Alan Dron
Fast-expanding low-cost carrier (LCC) Norwegian recorded a third-quarter net profit of NOK992.5 million ($121.1 million), up 19% compared to a net profit of NOK832.8 million in the year-ago quarter.
Airlines & Lessors

American Airlines reported third-quarter 2016 net income of $737 million, down 56.5% from a net profit of $1.7 billion in the prior-year period, and is planning conservative capacity growth through 2017.
Airlines & Lessors

By Victoria Moores
Lufthansa has again changed its full-year adjusted EBIT guidance from “below previous year” to “approximately on previous year’s level.”
Airlines & Lessors

The parent companies of China Southern Airlines, Air China and China Eastern Airlines have relaunched China Aviation Supplies Co.
Maintenance & Training

By Victoria Moores
Air New Zealand (ANZ) has raised A$65.7 million ($50.4 million) from the sale of its remaining Virgin Australia shares.
Airlines & Lessors

By Adrian Schofield
Hawaiian Airlines reported a net profit of $102.5 million for the third quarter, up 46% from a net profit of $70 million in the year-ago quarter.
Airlines & Lessors

Miami-based Eastern Air Lines Group, the startup charter operator attempting to revive the iconic brand, has replaced CEO Edward Wegel, effective immediately.
Airlines & Lessors

By Linda Blachly
Aircraft & Leasing Market-Oct. 18, 2016
Aircraft & Propulsion