Airlines & Lessors

Russia’s AirBridgeCargo Airlines (ABC) reported first-quarter 2016 cargo tonnage growth of 27% over first quarter 2015.

Air Seychelles posted a 2015 net profit of $2.1 million, down 34.4% from a net profit of $3.2 million recorded in 2014.

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.

Latvian carrier airBaltic has undergone a capital increase, finalizing German investor Ralf-Dieter Montag-Girmes’ 20% stake in the airline.

Brussels Airlines passenger traffic fell 19.1% in March following the terrorist attacks, which closed its home base for 12 days.

Germany-based Lufthansa Group recorded a net loss of €8 million ($9 million) for 1Q 2016, reversed from a net profit of €425 million for the year-ago period.

The latest airport passenger traffic and aircraft movements for 159 airports worldwide - current through May 3, 2016 - presented in monthly and year-to-date figures.

Memphis-based FedEx Corp.’s acquisition of Netherlands-based TNT Express is nearing completion after gaining regulatory approval in China.

Russia’s UTair Airline has reported a 2015 net income of RUB2.27 billion ($31 million), reversed from a net loss of RUB61.66 billion in 2014.

China’s Spring Airlines reported a net profit of CNY1.33 billion ($205 million) in 2015, up 50% over a net income of CNY884.2 million in 2014.

Indian low-cost carrier (LCC) IndiGo reported a 4Q 2016 net profit of INR5.79 billion ($87.4 million), up a scant 0.3% compared to a net profit of INR5.77 billion in the year-ago period.

Italian flag carrier Alitalia has reported a 2015 net loss of €199 million ($217.4 million), narrowed from a loss of €580 million in 2014.

Air France-KLM has appointed Jean-Marc Janaillac as chairman and CEO when Alexandre de Juniac steps down to replace the retiring Tony Tyler as IATA’s DG and CEO this summer.

Air Canada reported a C$100 million ($77.5 million) net profit for the first quarter of 2016, reversing its C$309 million net loss in 1Q 2015.

Vietnamese low-cost carrier (LCC) Jetstar Pacific Airlines aims to more than double its fleet of 12 Airbus A320 aircraft, partly through a $139 million investment by founding partners Qantas and Vietnam Airlines.

Kuwaiti hybrid carrier Jazeera Airways will be the launch customer for a new-generation broadband Internet system from Rockwell Collins, the airline said as it unveiled its 1Q figures.

Utah-based SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported first-quarter net income of $27 million, nearly tripled from the $9.6 million net reported in the first quarter of 2015.

Brazilian manufacturer Embraer reported a consolidated net profit of $106 million for the 2016 first quarter, reversing its $58.9 million net loss in 1Q 2015.

Airberlin has reported a €446.6 million loss ($485.5 million) in 2015, deepened from a €376.7 million loss in the year-ago period.

Europe’s International Airlines Group (IAG)—parent company of British Airways, Iberia, Vueling and Aer Lingus—posted a first-quarter net profit of €104 million ($118 million), reversed from a net loss of €26 million a year ago.

Delta Air Lines has agreed to acquire 37 additional Airbus A321s valued at $4.2 billion at list prices. The announcement of an additional order for CFM International CFM56-powered A321s comes a day after Atlanta-based Delta placed a firm order for 75 Bombardier CS100s.

For Canadian manufacturer Bombardier's commercial aircraft, consolidated 2016 orders, deliveries and cancellations -- updated through the 2016 first quarter.

Bombardier reported a consolidated net loss of $138 million for the first quarter of 2016, reversed from a consolidated $100 million net profit in 1Q 2015.

UK-based Monarch Airlines owner Greybull Capital is considering its options for the leisure operator and may either sell it or acquire another airline.