Mexican ultra low-cost carrier (ULCC) Volaris has posted a first-quarter net profit of MXP306 million ($20.1 million), reversing a MXP370 million net loss for the 2014 March quarter.
United Aircraft Corp. (UAC) hopes to double its revenue over the next 10 years to RUB800 billion ($15 billion) and produce at least 300 aircraft per year, half of which should be civil aircraft, UAC president Yury Slusar said.
The FAA has proposed a civil penalty of $142,750 against Missouri-based GoJet Airlines—a wholly owned subsidiary of Trans States Holdings—for allegedly violating drug and alcohol testing regulations.
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.
Etihad Airways equity partner airberlin has resigned its membership of the Association of European Airlines (AEA), accusing the lobbying organization of taking a protectionist stance against the three major Gulf carriers.
The Association of European Airlines (AEA) and the International Air Carrier Association (IACA) have confirmed they are in talks about a possible cooperation, which have been ongoing for “some months” and are unrelated to British Airways, Iberia and airberlin recently resigning their AEA memberships, an AEA spokesman told ATW.
Alaska Airlines may transfer its authority to fly between Los Angeles (LAX) and Mexico City to American Airlines, the US Department of Transportation (DOT) tentatively decided on April 17, despite an objection from Delta Air Lines.
Russia’s Federal Air Transport Agency, Rosaviatsia, has suspended the air operator’s certificate (AOC) for Tomsk-based Tomsk Avia over significant financial difficulties, according to a Rosaviatsia statement.
United Airlines will switch to Boeing 767s from 757s on four longer European routes departing Newark Liberty International Airport, a move that will improve operational reliability by reducing unplanned fuel stops during the winter season.
Worldwide international traffic grew 4.6% year-over-year (YOY) in February—improving on January’s 3.7% YOY increase—according to IATA’s February Premium Traffic Monitor.
If forecasts from Boeing and Airbus are to be believed, Asian airlines will be paying out around $2 trillion on new, fuel-efficient aircraft over the next couple of decades. But where the money will be coming from is not so easy to forecast.
South African Airways (SAA) is estimating that its 90-Day Action Plan, which concluded March 24, will improve its full-year EBITDA by R1.25 billion ($103.4 million).
Ethiopian Airlines is switching its European technical landing hub from Rome Fiumicino to Dublin from May 15, CEO Tewolde Gebremariam has confirmed to ATW.
