Singapore Airlines Group reported a net profit of SGD126 million ($97.5 million) for the half year ended Sept. 30, down 55.5% from the SGD282.4 million reported for the same period in the previous financial year.
Hong Kong-based lessor China Aircraft Leasing Co. (CALC) has signed a memorandum of understanding (MOU) covering 74 Airbus A320neos, 16 A320ceos and 10 A321ceos.
China lessor Cheung Kong Holdings has announced it will pay a $2.02 billion in four transactions for 60 aircraft in an effort to enter the rapidly growing Asian aircraft leasing market.
Air Canada president and CEO Calin Rovinescu said the airline achieved the “best performance of any quarter” in its 77-year history in the third quarter, posting net income of C$323 million ($283 million), adjusted net income of C$457 million and an operating profit of C$526 million.
Embraer reported a third-quarter net loss of $10.7 million, reversed from a net profit of $52.9 million in the prior-year period, blaming taxes for the deficit.
The UK Supreme Court has rejected applications by both Jet2.com and Thomson Airlines to appeal rulings by the Court of Appeal in June relating to airlines’ liability to pay compensation after travel delays.
Etihad Airways has recruited 40 fully qualified pilots from Alitalia as part of a large-scale global campaign to hire between 500 to 600 captains and first officers over the next three years to keep pace with the rapid expansion of its fleet and global network.
The number of people expected to travel on US airlines between Nov. 21 and Dec. 2—the Thanksgiving Holiday and busiest US travel period—is expected to increase slightly this year over the previous year, with indications that traffic will remain strong into the 2015 first quarter.
South Korea’s Asiana Airlines saw its net profit dip significantly in the third quarter despite strong international demand, with an unfavorable exchange rate partly to blame for the decline.
Air Serbia said it is on track to reach profitability by the end of the year, as it continues to make substantial improvements in its financial results in the third quarter.
Rapidly expanding Eastern European budget carrier Wizz Air has detailed plans to open its 19th base at Tuzla in Bosnia and Herzegovina, where it will open four new routes.
Irish flag-carrier Aer Lingus is continuing to capitalize on its increasingly profitable transatlantic services by announcing a ninth US destination, as well as increasing capacity on existing routes.
Virgin Atlantic’s is expected to place an order for at least seven aircraft within the next five to nine months to replace its London Gatwick-based Boeing 747s.
Air Malta reported a pre-tax loss of €16.2 million ($20.3 million) for the financial year ended March 31, well short of the €3.3 million profit targeted in the airline’s restructuring plan, but almost halved from a loss of €31 million reported in the previous financial year.
Global air passenger traffic demand grew 5.3% year-over-year in September, down 1 point from August’s adjusted 6.3% year-over-year growth, according to IATA’s September Air Passenger Market Analysis report.
This week’s starting U.S. Gulf Coast kerosene-type jet fuel spot price, for Monday Nov. 3, 2014, is $2.417 per gallon, according the US Energy Information Administration, a division of the US Department of Energy.
Rapidly expanding Eastern European budget carrier Wizz Air is aiming to grow to 30 million passengers a year and a 100-aircraft fleet by 2019, although its plans to float on the stock exchange remain on hold.
U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the current week and comparisons to one month ago, three months ago, six months ago and the same week for each year of the past decade. Figures are released every two weeks by the U.S. Energy Information Administration.
