The 10 largest US scheduled passenger airlines reported a full-year net income of $11.7 billion in 2013, vastly outpacing the $201 million in net income the carriers reported for 2012.
The Lufthansa supervisory board has approved an updated distribution of responsibilities within the executive board. Most changes became effective May 1.
Abu Dhabi-based Etihad Airways will offer an ultra-premium, two-person “Residence” class—at a cost of $20,000 one-way—along with first-class “Apartments” on its Airbus A380s.
Abu Dhabi-based Etihad Airways—which recently announced luxury innovations on its Airbus A380 and Boeing 787 aircraft—will launch A380 service to London Heathrow and Boeing 787-9 service to Düsseldorf from December.
Southwest Airlines decided to move away from Sabre Corp. as its reservations system provider and has entered into a contract with the Amadeus IT Group.
Abu-Dhabi based Etihad Airways, which has a 29.21% stake in oneworld partner airberlin, remains optimistic the German-based carrier’s restructuring program will be successful.
FedEx Corp. has completed the acquisition of Supaswift businesses in seven southern African countries, giving its FedEx Express unit direct access to an extensive delivery network in the region.
African budget carrier Fastjet has confirmed it has temporarily suspended operations in Angola as part of a major restructuring program aimed at turning around its loss-making Fly540 businesses there and in Ghana.
Philippine low-cost carrier (LCC) Cebu Pacific Air has applied to the country’s Civil Aeronautics Board (CAB) to be designated as the official Philippine carrier to New Zealand.
Airberlin, which announced a net loss of €315.5 million ($437 million) for 2013, will reduce capacity 20% on its Spanish domestic routes, one of its main markets.
Atlas Air Worldwide Holdings reported first-quarter net income of $7.9 million, down 60.4% from a net profit of $20.1 million posted in the year-ago quarter.
The Malaysia Transport Ministry’s first report on the probe of Malaysia Airlines Flight 370 (MH370), released Thursday, adds few relevant details to the little already known about why the flight disappeared, while recommending that the industry explore real-time tracking of aircraft.
German investor Intro Aviation—which has finalized the acquisition of Irish regional CityJet and its subsidiary Belgium-based VLM—is looking to replace its fleet of Avro RJ85 aircraft and will decide on the type “by the end of this year,” a senior executive said Thursday.
UK-based startup Odyssey Airlines has decided to use crowdfunding—a collection of finances from backers—to raise £5 million ($8.4 million) of equity capital as it pursues plans for a mid-2016 launch.
