Low-cost carrier (LCC) Norwegian has reported a first-quarter net loss of NOK800 million ($96 million), widened from a net loss of NOK538.3 million a year ago.
American Airlines reported a first-quarter net profit of $700 million, down 24.9% from net income of $932 million in the 2015 March quarter, as revenue fell 4% year-over-year to $9.44 billion.
Hawaiian Airlines parent Hawaiian Holdings reported a $51.5 million net profit for the 2016 first quarter, nearly doubling its 1Q 2015 $25.9 million net income.
The rate of change in scheduled passenger airline full-time equivalent employment by airline group, displayed as year-over-year percentage growth or losses. Differential changes for each of the last 13 months are shown.
China’s online travel agency (OTA) Ctrip has invested CNY3 billion ($463 million) in Shanghai-based China Eastern Group, parent of China Eastern Airlines (CEA).
Southwest Airlines, bolstered by continued low fuel prices and record first-quarter revenue, posted record first-quarter net income of $511 million, up 13% year-over-year.
Alaska Air Group, parent of Seattle-based Alaska Airlines and regional carrier Horizon Air, reported a consolidated first-quarter net income of $184 million, up 23% from a net income of $149 million in the year-ago quarter.
United Continental Holdings earned net income of $313 million in the first quarter, down 38.4% from a net profit of $508 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to $8.2 billion.
Russia’s Volga-Dnepr Group and Moscow Sheremetyevo International Airport (SVO) have joined efforts to facilitate the development of the cargo industry in Russia.
Russia’s United Aircraft Corp. (UAC) reported a 2015 net loss of RUB108.7 billion ($1.5 billion), widened from a net loss of RUB13.7 billion in the year-ago period.
United Continental Holdings has resolved the proxy fight over the makeup of its board of directors by agreeing to make former Air Canada CEO Robert Milton the non-executive chairman of the board.
Las Vegas-based Allegiant Air is increasing its marketing budget and investing more in customer service as it moves into larger markets, such as Pittsburgh, Cincinnati, Baltimore and Memphis, executives said in a briefing at the carrier’s headquarters.
KLM has made progress with its labor costs and is expanding its network and airline partnerships while revamping its fleet with new onboard cabins and services.
Scoot is a medium-haul, low-cost carrier (LCC) operating out of Singapore’s Changi Airport to 16 destinations across Asia, Australasia and the Middle East.
After what Alaska Air Group CEO Brad Tilden described as a “hard fought competition,” his company walked away with the $4 billion prize—a rare opportunity to grow via an acquisition-merger with Virgin America.
Airport freight traffic in metric tonnes for 2016 year-to-date, organized by world regions. Year-over-year percentage changes provided by Airports Council International.
