Airlines & Lessors

Italian flag carrier Alitalia is holding firm on its target of hitting breakeven in 2017, although new CEO Cramer Ball is hoping to go further and post a profit.

Korean Air recorded a consolidated net loss of KRW175 billion ($149 million) for the first quarter, up from a KRW133 loss in the same period a year earlier.

Singapore Airlines (SIA) Group reported net profit of S$804.4 million ($568.7 million) in its fiscal year ended March 31, more than doubling a S$367.9 million net profit in its previous fiscal year.

Atlanta-based Delta Air Lines will lower its planned second-half 2016 system capacity growth by one percentage point to below 2% year-over-year, and predicted the move will enable it to return to positive unit revenue growth this year.

For commercial airlines and airline groups worldwide, year-to-date 2016 passenger traffic, RPKs, load factors, and FTKs, as of May 17, 2016.

Eight Asia-Pacific low-cost carriers (LCCs) have formed a new standards-based collaborative marketing group, using the IATA New Distribution Capability (NDC) digital interoperability standard.

Swiss International Air Lines (SWISS)—which will take delivery of its first Bombardier CSeries 100 at the end of June—is making preparations for entry-into-service (EIS) of the new generation aircraft.

Alaska Air Group, parent of Seattle-based Alaska Airlines and regional carrier Horizon Air, has promoted two senior leaders.

Monthly percentages of total flight cancellations, per reporting airline. Ordered from lowest percentage of total flight operations canceled to highest.

US Airlines ranked by complaints per 100,000 passengers, lowest to highest; contrasted with complaint rankings from the previous month, and the year-ago month.

Thailand-based low-cost carrier (LCC) Nok Air reported first-quarter net loss of THB379.9 million ($10.8 million), reversed from net profit of THB55.6 million in the year-ago period.

Bahraini flag carrier Gulf Air has appointed Maher Salman Jabber Al Musallam as CEO.

Ryanair has opened a training center at London Stansted Airport, as it seeks 1,000 more pilots, cabin crew and engineers this year to fuel its expansion.

Aircraft Leasing-May 13, 2016

Belgian regional VLM Airlines has filed a formal application asking for creditor protection for six months to avoid bankruptcy, a source close to the situation confirmed to ATW following media reports in the Belgium and the Netherlands.

Germany’s airberlin reported a first-quarter net loss of €182.3 million ($206.2 million), narrowed from a €210.1 million loss in the year-ago quarter.

Shanghai-based Juneyao Airlines is expected to establish a branch company in the Jiangsu province to further explore the East China market.

Thai-based Bangkok Airways reported a net profit of THB1.57 billion ($44.5 million) for 1Q 2016, up THB487.9 million (44.9%) from the year-ago period.

São Paulo-based low-cost carrier GOL reported BRL757.1 million ($208.4 million) first-quarter 2016 net profit, reversing its 1Q 2015 BRL672.7 million net loss.

Global aviation freight volumes dropped 2% in March year-over-year (YOY), according to IATA.

Latvian flag carrier airBaltic achieved a net profit of €19.5 million ($22.2 million) for 2015, almost doubling its surplus from the previous year’s €10.7 million, the airline said May 12.

Finland flag carrier Finnair reported a first-quarter net loss of €15.1 million ($17.2 million), narrowed 53.2% from a net loss of €9.8 million in the year-ago period.

Data represents the total employment, full time plus part time, of all US scheduled passenger, charter and cargo airlines, sorted by Airline Group.

Sharjah-based low-cost carrier (LCC) Air Arabia posted a first-quarter net profit of AED114 million ($31 million), up 34% compared to a AED85 million net profit in the year-ago quarter.

Asia’s recently democratized nation, Myanmar (formerly Burma), is expanding its aviation capability with a new airline and the construction of an international airport.