Dubai-based Emirates Airline recorded a net profit of AED786 million ($214 million) for the first half of its 2016-17 financial year, down 75% from AED3.1 billion in the year-ago period.
UK-based regional Flybe reported a first-half net profit of £13.4 million ($16.6 million), halved from a net profit of £26.8 million in the same period last year.
Panama City-based Copa Holdings posted net income of $74 million for the 2016 third quarter, more than a tenfold increase compared to the company’s $6.2 million net profit in 3Q 2015.
Avianca Holdings S.A., posted a $37.8 million net profit for the third quarter of 2016, down 63% from a $102.1 million net profit the company reported in 3Q 2015.
Two of the airline industry’s most prominent executives predicted the imminent arrival of viable long-haul, low-cost services in London at the World Travel Market conference and exhibition on Nov. 7.
China Southern Airlines reported a third-quarter net profit of CNY3.3 billion ($495 million), nearly tripled from a net income of CNY1.2 billion in the year-ago quarter.
South Korean carrier Asiana Airlines posted a third-quarter net profit of KRW152.6 billion ($133.1 million), reversing a loss of KRW62.2 billion in the same period last year.
Montreal-based Air Canada reported a third-quarter 2016 net profit of C$768 million ($586.6 million), up 75.7% over net income of C$437 million in the 2015 September quarter, as the carrier continues to aggressively grow.
Global air passenger traffic increased 7% year-over-year (YOY) in September—its strongest monthly rise since February—according to IATA’s September Air Passenger Market Analysis.
The unveiling of Kuwait Airways’ new livery on a Boeing 777 in October was just the physical manifestation of a major change in the Arab carrier’s future course, CCO Philip Saunders said Nov. 7 on the sidelines of the World Travel Market exhibition in London.
Canadian scheduled air freight carrier Cargojet reported a C$4.8 million ($3.7 million) net loss for the 2016 third quarter, widened from the company’s C$2.2 million net loss in 3Q 2015.
LOT Polish Airlines has agreed to acquire a 49% stake in Estonian flag carrier Nordica’s Regional Jet subsidiary as the Polish flag carrier aims to strengthen its presence in Central and Eastern Europe (CEE).
Irish low-cost carrier (LCC) Ryanair reported a first half net income of €1.17 billion ($1.3 billion), up 7% from a €1.09 billion profit in the year-ago period.
Silver Airways began regularly scheduled commercial air service between its Fort Lauderdale, Florida, home base and Santiago, Cuba, Nov. 4, marking the launch of the airline’s fifth Cuba destination.
Evidence of fatigue cracking has been discovered in the fractured high-pressure turbine disk from the GE Aviation CF6 engine that suffered an uncontained failure on an American Airlines Boeing 767-300 a week ago.
Air cargo operator Atlas Air Worldwide Holdings posted a $7.9 million net loss for the 2016 third quarter, narrowed from a $12.8 million loss in 3Q 2015.
Air France is under pressure to bridge the competitiveness gap that has opened up with sister company KLM, under the Air France-KLM Group’s newest strategy.
Worldwide air freight traffic in September grew 6.1% year-over-year, the strongest growth rate in 19 months, according to IATA’s September Air Freight Market Analysis
Air Seychelles will begin 2X-weekly Mahé (Seychelles)-Dusseldorf (Germany) and 2X-weekly Mahé-Durban (South Africa) services from March 30, 2017. The carrier will introduce a second Airbus A330, scheduled to be delivered in the last week of March 2017.
