The Portuguese government, which decided to sell up to 66% of flag carrier TAP Portugal, is moving forward with the long-planned privatization process.
Philippines-based low-cost carrier (LCC) Cebu Pacific Air reported first-quarter net income of PHP2.2 billion ($50 million), up significantly from a PHP164.2 million profit in the year-ago period.
Ranked by involuntary denied-boardings per 10,000 passengers, lowest to highest. Source: US DOT Aviation Consumer Protection Division Air Travel Consumer Report.
The heads of the three big US network carriers say they will go to Congress if the Obama administration does not act on their complaints about the three Persian Gulf carriers being subsidized by their governments.
LOT Polish Airlines plans to grow ASKs at least 30% starting in 2016, when a European Union (EU) ban is lifted prohibiting the carrier from growing capacity or adding routes until it completes restructuring.
Air Serbia will retire its existing fleet of ATR turboprops, and will decide on a replacement within the next two to three years, CEO Dane Kondić said.
Lufthansa pilot union Vereinigung Cockpit (VC) has agreed to arbitration of all open collective wage agreements, which would avoid new strikes through the end of July.
Singapore flag carrier Singapore Airlines (SIA) has reported a 2014 annual net profit of S$368 million ($280 million), up 2.5% from a $259 million profit in the previous 2013 period.
Thai-based low-cost carrier (LCC) Nok Air reported a first-quarter annual net profit of THB55.6 million ($1.66 million), up 36% from the previous 2014 period and following a FY 2014 loss of THB471.7 million.
Pegasus Airlines carried 4.52 million passengers, up 10.8% in the first quarter compared to the year-ago period, according to the Turkish low-cost carrier (LCC).
Etihad Airways has released a report that it commissioned that says the three biggest US carriers—American Airlines, Delta Air Lines and United Airlines—have received benefits worth $71.48 billion over the past 15 years.
TUI Group has placed a firm order for a single Boeing 787-9, plus one option, and has switched two of its smaller 787-8s already on order for the larger variant.
The Icelandair Group has reported a net loss of $14.55 million for the quarter ended March 31, narrowed from a $26.72 million loss recorded in the year-ago period.
Thai Airways International reported a first-quarter net profit of THB4.54 billion ($139 million), reversing a loss of THB2.63 billion reported in the year-ago period.
