Hawaiian inter-island regional carrier Island Air filed for Chapter 11 bankruptcy protection Oct. 16, in what the carrier called “an effort to continue normal operations while navigating through legal challenges recently presented by the lessors of its aircraft.”
Central and Eastern European LCC Wizz Air has established a UK company and is reviewing the process to acquire a local air operator’s certificate (AOC), as the UK prepares to leave the European Union (EU) (Brexit).
Florida-based ULCC Spirit Airlines revised its third-quarter operational guidance Oct. 16 and indicated the airline took a $40 million hit in lost revenue from the recent hurricanes.
UK LCC easyJet has confirmed it has submitted an expression of interest in troubled Italian flag carrier Alitalia, as parallel talks to acquire part of airberlin continue.
The Lufthansa Group has submitted an offer letter expressing interest in establishing a “new Alitalia,” only days after the German flag carrier signed a €210 million ($249 million) deal to take over a large part of bankrupt airberlin’s assets, including NIKI and regional carrier LGW.
A significant expansion of Finnair’s capacity to Asian destinations has been the major factor behind the airline’s improved financial figures in 2017, the carrier’s CCO said Oct. 13.
New York-based JetBlue revised its preliminary third-quarter guidance Oct. 11 to reflect an estimated $44 million negative impact on 3Q 2017 revenue by hurricanes Irma and Maria.
Lufthansa has signed a €210 million ($249 million) deal to take over a large part of bankrupt airberlin’s assets, including NIKI and regional carrier LGW, in a move that will give its low-cost Eurowings affiliate a boost.
Kuwaiti hybrid carrier Jazeera Airways has suspended plans to seek a long-haul partner, and will instead pursue more opportunities in the Indian subcontinent, according to Bloomberg, citing Jazeera chairman Marwan Boodai as he unveiled a rebranding exercise for the airline.
Southwest Airlines plans to launch flights between the continental US and Hawaii, a move that will test the limits of Southwest’s service model given the distance of the flights.
Irish carrier CityJet posted a pre-tax loss of €30.2 million ($35.8 million) for 2016, as a result of financing new aircraft, acquiring airlines and creating a new base in Scandinavia.
Delta Air Lines is targeting its unit cost performance as a key area where improvement is needed, acknowledging its third-quarter 4.8% year-over-year (YOY) CASM ex-fuel growth rate cannot be sustained long term.
Delta Air Lines CEO Ed Bastian said the Atlanta-based airline will not pay tariffs on the Bombardier CSeries and acknowledged the brewing trade dispute between the US and Canada over the aircraft may delay its delivery to Delta.
Etihad Airways’ executive team is close to completing its strategic review and setting a new five- and 10-year plan after being rocked financially by what its CEO calls “a perfect storm” of multiple circumstances..
For Brazilian manufacturer Embraer's commercial aircraft, consolidated 2017 orders, deliveries and cancellations -- updated through the end of the 2017 third quarter.
