The Executive Board of Deutsche Lufthansa is working to bring 45%-owned Brussels Airlines into its low-cost carrier (LCC) Eurowings and will decide by the end of August whether to exercise a call option to allow for a full takeover.
Boeing posted a first-quarter net profit of $1.22 billion, down 9% from net income of $1.34 billion in the prior-year period, and reaffirmed guidance that full-year 2016 revenue and commercial aircraft deliveries will be slightly down from 2015.
Florida-based ultra low-cost carrier (ULCC) Spirit Airlines reported a first-quarter net profit of $61.9 million, down 10.1% from net income of $69 million in the 2015 March quarter, as the airline continues to make adjustments under a new CEO.
Lufthansa Hub Munich CEO Thomas Winkelmann told ATW he believes the new satellite facility at Munich Airport, which began operations Tuesday, will better position Lufthansa in the global aviation competitive market.
Russian airlines carried 5.8 million passengers in March, down 2.7% year-over-year (YOY), and 16.5 million passengers in the first quarter, down 2.8% YOY, according to Russia’s Federal Air Transport Agency, Rosaviatsia.
Japan’s All Nippon Airways (ANA) low-cost subsidiary (LCC) Vanilla Air has taken delivery of the first of three new Airbus A320-200s from Singapore-based lessor BOC Aviation.
New York-based JetBlue Airways reported a first-quarter net profit of $199 million, up 45.6% over net income of $137 million in the prior-year period, as revenue increased 6.1% year-over-year to $1.62 billion.
Grupo Aeromexico reported first-quarter net income of MXP161 million ($9 million), down 12.6% from a net profit of MXP185 million in the year-ago period.
New York-based JetBlue Airways president and CEO Robin Hayes has confirmed publicly for the first time that JetBlue was the rival bidder for acquiring Virgin America, which has entered into an agreement to be purchased by Seattle-based Alaska Air Group.
In a story posted on ATWonline.com April 25 about an investigation into the crash of a Swedish West Atlantic CRJ regional jet, the headline mistakenly said it was a WestJet crash. WestJet is a Canadian airline; it does not operate CRJs and has no connection with West Atlantic.
Ultra low-cost Mexican carrier Volaris reported 2016 first-quarter net income of MXP602 million ($34.4 million), up 96.7% from a MXP306 million profit in the year-ago period.
Shanghai-based Juneyao Airlines reported a first-quarter net profit of CNY454.2 million ($70 million), up 70% over a net income of CNY266.5 million in the year-ago quarter.
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.
