International passenger traffic grew globally 6.2% year-over-year (YOY) in May, increasing from April’s 3.8% YOY improvement and due largely to accelerating traffic within the European market, according to IATA’s May Premium Traffic Monitor.
Nairobi-based Kenya Airways reported a net loss of KSh25.74 billion ($274 million) for the 2014-15 financial year ended March 31, deepened from a KSh3.38 billion net loss in the year-ago period.
US airlines have finally become proper businesses and consumers and regulators should get used to that and recognize it brings benefits, the CEO of United Airlines says.
International Airlines Group (IAG), parent of British Airways, Iberia and Vueling, plans to convert up to five Airbus A330-200 and eight A350-900 options into orders for Iberia as well as open new long-haul routes.
International Airlines Group (IAG), parent of British Airways, Iberia and Vueling, reported a net profit of €358 million ($397 million) for the second quarter ended June 30, up 27.9% on the same period last year.
China’s Xiamen Airlines has launched international long-haul services to Amsterdam from Xiamen and plans to open new services to Sydney at the end of the year as it picks up its international expansion pace.
An unnamed bidder has put in a rival offer for 100% of Avolon, forcing China’s Bohai Leasing to increase its bid and seek 100% of the lessor instead of the 20% stake it originally planned to acquire.
Fire has once again disrupted operations at Rome Fiumicino Airport, triggering a backlash from Alitalia, which is demanding at least €80 million ($87.6 million) in compensation for recent upheavals.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a second-quarter net profit of $31.5 million, reversed from a net loss of $14.7 million in the year-ago period.
Singapore Airlines (SIA) is to give up seven of its outstanding Airbus A350-900 production slots, following a request from Airbus to cut the carrier's order book from the 70-strong order firmed up in 2013 to 63 aircraft.
The US majors will not give up on their campaign against the Gulf carriers, which present the biggest-ever threat to the future of US airlines, the CEO of United Airlines said in a speech in New York Thursday.
Russia’s United Aircraft Corp. (UAC) has named Minister of Industry and Trade Denis Manturov to its board of directors, succeeding Vnesheconombank (VEB) chairman Vladimir Dmitriev.
Japan Airlines (JAL) Group achieved a net profit of ¥32.6 billion ($262.1 million) for its fiscal first quarter, more than doubled from a net income of ¥14.7 billion for the previous year.
Avianca Holdings CEO Fabio Villegas said he will resign his position in January 2016, stating a desire to pursue “other professional projects and initiatives.”
Bombardier earned second-quarter net income of $125 million, down 19.4% from a net profit of $155 million in the prior-year period, on a 5.5% year-over-year drop in revenue to $4.62 billion.
The sale of most of GE’s financing business as part of a reorganization effort will not adversely affect its aircraft-leasing arm, GE Capital Aviation Services (GECAS), as some have speculated.
Air cargo appears to be on the uptick again after several listless years, but the global industry now emerging is far different from the thriving, pre-2008 financial crisis airfreight business.
