Ryanair CEO Michael O’Leary believes it will be difficult to increase his airline’s load factor above 93%, which it achieved in its 2015-16 financial year.
Richard Anderson, who resigned as Delta Air Lines’ CEO May 2, had some direct, if tongue-in-cheek words of advice for his successor, Ed Bastian: “Don’t screw it up.”
Lithuania-based AviaAM Leasing and China’s HNCA will create a Henan-based aircraft leasing joint venture (JV), which ultimately aims to manage a $900 million narrowbody fleet.
International Airlines Group (IAG) acquired Aer Lingus in September, bringing it under the Group umbrella that includes British Airways and Spanish carriers Iberia and Vueling. Stephen Kavanagh joined Aer Lingus in 1988 and was appointed CEO in March 2015.
Asia-Pacific airlines saw a move to an overall $6.9 billion in net earnings in calendar year 2015 compared to a collective loss of $1.2 billion during 2014, according to the Association of Asia Pacific Airlines (AAPA).
Irish budget carrier Ryanair reported a full-year net income of €1.24 billion ($1.35 billion), up 43% from a €867 million profit in the year-ago period.
Malaysia Airlines Berhad (MAB) has exercised the lease option for two additional new Airbus A350-900s with Air Lease Corp. (ALC) under a 12-year lease agreement.
Ireland’s pro-aviation policy, embracing deregulation and liberalizing market access, is visionary and helps enable growth among airlines, lessors, MROs and aviation and travel companies, the CEO of Aer Lingus told a Washington DC audience this week.
Malaysia Airlines has taken another important step in its reorganization by overhauling its corporate structure and creating a holding company for its main businesses.
Singapore Airlines (SIA) plans to combine the management of its low-cost carrier (LCC) subsidiaries Scoot (long-haul) and Tigerair (regional) into a single body.
The 10 publicly traded mainline US airlines reported a collective first-quarter pre-tax profit of $4.8 billion, according to Airlines for America (A4A).
