Panama City-based Copa Holdings reported first-quarter net income of $115.5 million, up 2% from a net income of $113.2 million in the year-ago quarter.
Purchase, New York-based air cargo operator Atlas Air Worldwide Holdings reported a first-quarter net profit of $471,000, down significantly from net income of $29.2 million in the prior-year period, as revenue fell 5.9% year-over-year to $418.6 million.
Sweden-based cargo specialist West Atlantic Group reported a 2015 net loss of SEK49.6 million ($6 million), reversed from a net profit of SEK10.6 million the previous year.
Amazon has reached an agreement with Purchase, New York-based Atlas Air Worldwide Holdings to wet lease 20 Boeing 767-300 converted freighters, the second freighter lease deal the Seattle-based online retail giant has signed this year.
Air New Zealand has said its earnings may come under pressure in the next financial year because of increased competition in some international markets and reduced foreign exchange hedges.
Russian aircraft manufacturer Irkut Corp. has reported a 2015 net loss of RUB2.27 billion ($31.1 million), reversed from a net profit of RUB72.27 million in 2014.
Malaysia-based AirAsia Group is looking to merge two of its regional subsidiaries—Thai AirAsia and Indonesia AirAsia—that could potentially use Thailand as the ASEAN regional headquarters for the group.
Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—carried 276,827 passengers in the first quarter, up 22% year-over-year (YOY), as a result of network and fleet growth.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the first quarter of 2016.
Air France-KLM Group has reported a first-quarter net loss of €155 million ($175.3 million), narrowed from a €559 million net loss in the year-ago period.
Abu Dhabi-based Etihad Airways, which has major interests in Italy through its 49% stake in flag carrier Alitalia, has signed an agreement with Parma International Airport in northern Italy to establish a cargo transit center.
China’s big three carriers—Air China, China Southern and China Eastern—have all reported big first-quarter profit increases as a result of stable market demand growth and lower fuel prices.
For the Lufthansa Group, “2015 was our toughest year in emotional terms, and at the same time one of the most successful in our corporate history,” chairman of the board and CEO of Deutsche Lufthansa Carsten Spohr told the company’s annual general meeting (AGM), which was held a few days before Tuesday’s release of its first-quarter results.
Calgary-based WestJet reported a first-quarter net profit of C$87.6 million ($67.3 million), down 37.7% from net income of C$140.7 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to C$1.03 billion.
China’s Spring Airlines earned a first-quarter net profit of CNY366.68 million ($56.7 million), up 44% over a net income of CNY254.32 million in the year-ago quarter.
Australian flag carrier Qantas will launch a new cargo subsidiary in July 2016, dedicated to serving the needs of Australia Post, the national postal service provider.
