IATA has decided to make the transformation of airline finance divisions one of its major objectives, after gaining broad industry support for this initiative.
Perth, Australia-based Network Aviation, a regional carrier subsidiary of Qantas, joined the oneworld global airline alliance Sept. 22 as an affiliate member.
The global airline industry is set for another strong collective profit this year, but there are indications that its financial improvement could be slowing.
Cutting across company department silos and ensuring the voices of all departments are heard is critical to an airline’s financial success, the CEO of Qantas Airways believes.
Speed and innovation will be essential to securing the future of a healthy global air transport industry as the world grows more uncertain and more difficult to predict, the new IATA chief said in his first public speech since joining the association.
A JetBlue Airways first officer was temporarily blinded by a laser during a Sept. 19 flight from Boston (BOS) to Washington National (DCA), according to an FAA incident report.
African low-cost carrier (LCC) Fastjet recorded a 2016 first-half $15 million net loss, reversed from a net profit of $6.4 million for the year-ago period.
Airbus Group reportedly will name Fabrice Brégier, who has been the president and CEO of the Airbus commercial aircraft division since June 2012, Group COO as part of a major reorganization.
The European Commission has given approval for Chinese firm HNA Group, the parent of Hainan Airlines, to acquire Swiss airline catering firm Gategroup Holdings.
Central and Eastern European low-cost carrier (LCC) Wizz Air is aiming to become the lowest-cost airline in Europe, setting its sights on overtaking Irish LCC Ryanair.
Greece’s Aegean Airlines saw its 2016 first-half results slip into the red, recording a net loss of €23.7 million ($26.3 million) compared to a net profit of €14.8 million a year ago.
Kazakhstan flag carrier Air Astana wants to place a stronger emphasis on long-haul flights, and believes its low-cost structure will enable profitable growth.
EasyJet CEO Carolyn McCall has acknowledged the UK’s vote to leave the European Union (EU), or Brexit, has taken its toll on airline values, although she declined to comment on recent takeover speculation.
Turkish low-cost carrier (LCC) Pegasus Airlines is unlikely to be profitable this year because of the geopolitical climate in Turkey that resulted in a downturn in tourism, but the LCC expects to rebound in 2017, CEO Mehmet Nane told ATW.
UK-based ground- and cargo-handling specialist Menzies Aviation is proposing to acquire US airline services and independent fueling service provider ASIG from parent BBA Aviation for £153 million ($202 million).
