Air China has reported a net income of CNY4.2 billion ($660 million) for the first half of 2015, up 721% over the net profit of CNY510 million for the same period of last year. Operating revenue rose 3.87% to CNY51.9 billion while operating costs increased by 5% to CNY45.2 billion.
IATA CEO and director general Tony Tyler will retire in June 2016 after serving five years in the position. Tyler’s retirement was announced Aug. 28 and the search for his successor has begun.
Republic Airways Holdings said stalled labor talks with its pilots could force it down “an alternative path” that may include a Chapter 11 bankruptcy filing.
Following the signing of an upgraded air services agreement (ASA) between Russia and the Philippines, at least five carriers have flagged interest in operating new schedules between the two countries.
World airline quarterly financial results to-date highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the second quarter of 2015, generally defined as April 1, 2015 through June 30, 2015.
Russia’s Red Wings Airlines has signed an agreement to wet lease a Sukhoi Civil Aircraft Co. (SCAC) Sukhoi Superjet 100 (SSJ100) to Sky Angkor Airlines of Cambodia.
Pacific Rim air navigation services providers (ANSPs) Airservices Australia, Airways New Zealand and FAA are now using Automatic Dependent Surveillance-Contract (ADS-C) technology to track aircraft across the Pacific Ocean every 14 minutes.
Malaysia-based low cost carrier AirAsia X is deferring or cutting deliveries of Airbus A330ceo widebodies as it looks to curb growth and strengthen its financial performance.
New entrant low-cost carriers (LCCs) to India, including SIA-backed Vistara and AirAsia India, are facing potential schedule disruptions at Indira Gandhi International Airport (IGIA) in Delhi.
This table shows the current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.
Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación.
Ryanair will contest a ruling by a UK court that extends the time in which passengers can submit a compensation claim for a delayed or canceled flight from two to six years.
Airbus expects Russia`s commercial fleet to double in size over next 20 years with over 2,000 aircraft needed by 2034, compared to the 922 in operation today.
Shanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 million for the same period the previous year.
Year-over-year changes at US airlines with over 1000 Full-time Equivalent (FTE) employees, ranked by increase/decrease in employees. FTE calculations count two part-time employees as one full-time employee.
Air New Zealand has reported a net profit of NZD327 million ($213 million) for the financial year ended 30 June 2015, an increase of 24% over the NZD 263 million reported for the previous financial year.
