Central and Eastern European low-cost carrier (LCC) Wizz Air is aiming to become the lowest-cost airline in Europe, setting its sights on overtaking Irish LCC Ryanair.
Greece’s Aegean Airlines saw its 2016 first-half results slip into the red, recording a net loss of €23.7 million ($26.3 million) compared to a net profit of €14.8 million a year ago.
Kazakhstan flag carrier Air Astana wants to place a stronger emphasis on long-haul flights, and believes its low-cost structure will enable profitable growth.
EasyJet CEO Carolyn McCall has acknowledged the UK’s vote to leave the European Union (EU), or Brexit, has taken its toll on airline values, although she declined to comment on recent takeover speculation.
Turkish low-cost carrier (LCC) Pegasus Airlines is unlikely to be profitable this year because of the geopolitical climate in Turkey that resulted in a downturn in tourism, but the LCC expects to rebound in 2017, CEO Mehmet Nane told ATW.
UK-based ground- and cargo-handling specialist Menzies Aviation is proposing to acquire US airline services and independent fueling service provider ASIG from parent BBA Aviation for £153 million ($202 million).
Singapore Airlines (SIA) will not extend the lease on its first Airbus A380-800 when the contract expires in October 2017, but still has five A380s on firm order with Airbus for delivery from 2H 2017.
Rolls-Royce has named Simon Kirby, head of the UK’s new high-speed rail network project, as its COO, a newly created position for the UK-based engine manufacturer.
Fort Worth, Texas-based American Airlines has increased starting pay significantly at two of its three regional subsidiaries, Envoy Air and PSA Airlines.
China’s Juneyao Airlines reported a 2016 first-half net profit of CNY710.2 million ($107 million), up 37% compared to a net income of CNY517.7 million in the year-ago half.
Nigerian’s largest airline Arik Air has resumed operations after being temporarily grounded Sept. 13-14 because of an administrative problem with its insurance policy.
The notion that US airline flight arrival times are becoming more reliable is misleading because carriers are increasing schedule block times to account for air traffic control (ATC) inefficiencies, the CEOs of American Airlines and JetBlue Airways said.
Patient investors are likely to be rewarded by US airlines in the long run despite near-term negative unit revenue trends and sluggish stock price growth, two leading industry analysts predicted.
African low-cost carrier (LCC) Fastjet will swap out some of its all-Airbus A319 fleet for wet-leased Embraer E190s, introduce connecting flights, and is considering a headquarters move from the UK to South Africa.
Buenos Aires-based Aerolíneas Argentinas has taken delivery of an Airbus A330-200 aircraft, provided on long-term lease by Stamford, Connecticut-based lessor Aircastle.
The South African government has agreed to grant a “going concern guarantee” to struggling flag carrier South African Airways (SAA), but has insisted on major reforms at the carrier, including looking for a strategic equity partner.
