Malaysia Airline System (MAS), parent of Malaysia Airlines, is already seeing significant changes to operations and fleet, following the May 1 start date for new CEO Christoph Mueller, who is former CEO of Aer Lingus.
Chorus Aviation, the Halifax-based parent company of Canadian regional airline Jazz Aviation, has completed the acquisition of North Bay, Ontario-based Voyageur Airways for C$80 million ($63 million).
Air China and Hainan Airlines have reported significant improvements in their first-quarter earnings due to robust market demand growth and lower fuel prices, according to industry analysts.
Aeroflot low-cost subsidiary (LCC) Pobeda Airline—which began operations in December 2014—has made the top 10 list of Russia’s biggest airlines, according to passengers carried, for the first quarter.
Rate includes accidents involving all jet aircraft where the accident resulted in a hull loss. Indicated rate is calculated as number of accidents per million sectors. Source: IATA
Total TSA Gun Catches year-to-date (loaded or unloaded firearms, plus stun-guns, discovered at TSA checkpoints across the US). 185 firearms were discovered in April 2014. 164 firearms (88.6%) were loaded. 72 stun-guns were caught between April 4, 2014 and May 1, 2014.
Total TSA Gun Catches for April 2015 (loaded or unloaded firearms, plus stun-guns, discovered at TSA checkpoints across the US). 201 firearms were discovered in April 2015, up 8.6% year-over-year.
FedEx has said it is making “timely progress” with its plans make an offer for 100% of Dutch integrator TNT Express, although it may need more time from Dutch authorities.
Luxemburg-based Cargolux has reported a 2014 profit of $3 million, down 64% from $8.4 million in 2013, despite a $40 million impairment on its Boeing 747-400F fleet and a provision for any potential anti-trust impact.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a net profit of $9.6 million in the first quarter, reversed from a net loss of $22.9 million in the 2014 March quarter.
Airlines are still struggling with the changes in what they sell to customers and how, industry specialists said this week at a conference in Las Vegas.
The Lufthansa Group must continue with “financial stability and sound profitability” to ensure the group’s sustainability, Group CEO Carsten Spohr said during a supervisory board meeting in Hamburg.
First-quarter losses by Russian airlines have increased RUB1 billion ($19.4 million), according to the Russian Association of Air Transport Operators (AEVT), which estimated 2014 full-year losses to be RUB30 billion due to currency rates and passenger traffic decreases.
China Southern and China Eastern airlines have reported a significant first-quarter turnaround due to the continuous growth of market demand and lower fuel prices.
Kuwait’s Jazeera Airways will build its own dedicated terminal at the Persian Gulf nation’s international airport, to improve the passenger experience.
India’s newest low-cost carrier (LCC) AirAsia India will set up a second regional hub in Delhi from May 21, extending its reach from its Bangalore home base and its MRO center in Chennai.
Another Indonesian carrier—state-owned regional Merpati—is set to be erased from the record books following one of the worst years ever for the country's airline sector.
Air France-KLM has recorded another heavy deficit for the first quarter, with a restated net loss of €504 million ($547 million), compared to a figure of €485 million a year ago.
Virgin America reported first-quarter net income of $12.8 million, including $2.3 million in special charges for mark-to-market fuel hedge adjustments.
International Airlines Group (IAG)—parent company of British Airways, Iberia and Vueling—has reported a first-quarter net loss of €26 million ($29.1 million), narrowed from a €184 million loss for the year-ago period.
