Southwest Airlines earned a net profit of $608 million in the second quarter, up 30.8% over net income of $465 million in the 2014 June quarter, as the company surged to a 28.2% pre-tax return on invested capital (ROIC) for the 12 months ended June 30.
Boeing remains confident that it will not have to cut its 777 production rate as part of the transition to the 777X and maintains that overall demand for its commercial aircraft line continues to be rock-solid, dismissing unevenness that saw first-half orders lag behind deliveries.
UK budget carrier easyJet is expecting a full-year pre-tax profit £620-£660 million ($965 million-$1.03 billion), despite taking a third-quarter hit from French air traffic controller strikes and the Rome Fiumicino fire.
Singapore-based low-cost carrier Tigerair reported net loss of SGD1.7 million ($1.25 million) for the first quarter of fiscal year 2016, narrowed from a SGD65.2 million net loss for the year-ago quarter.
Grupo Aeroméxico posted a second-quarter consolidated net profit of MXP101 million ($6.4 million), reversed from a MXP89 million net loss in the year-ago quarter.
FAA has given Thai aviation authorities until mid-October to take “corrective measures” over critical omissions in its commercial aviation safety standards.
The Air Line Pilots Association (ALPA) is calling for Traffic Collision and Avoidance Systems (TCAS) technology to be mandated on unmanned aerial vehicles (UAVs).
Boeing reported second-quarter net income of $1.11 billion, down 32.7% from a net profit of $1.65 billion in the 2014 June quarter, as an $835 million charge on the KC-46 aerial refueler program dampened earnings.
Increasing numbers of near misses between unmanned aerial vehicles (UAVs) and airliners in the UK have prompted the country’s regulator to launch a new code of practice for UAV operators.
FedEx Express has signed an agreement with Boeing to buy 50 Boeing 767-300Fs with options on a further 50 aircraft, the cargo carrier announced late Tuesday.
Lufthansa Technik’s (LHT) new Puerto Rico MRO facility at Rafael Hernández International Airport in Aguadilla started operations July 21 with its first overhaul line.
Russia’s Federal Air Transport Agency, Rosaviatsia, has canceled the air operator’s certificates (AOCs) for Syktyvkar-based UTair Express and Tomsk-based Tomsk Avia airlines.
