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.
VietJetAir’s first Airbus A320 has completed its first flight in Toulouse, France, entering the final acceptance phase prior to delivery by the end of 2014.
Irish carrier Aer Lingus reported an operating profit of €112.9 million ($142 million) for the quarter ended Sept. 30, up 19% from the €94.9 million reported for the year-ago quarter.
Virgin America expects to make only slight increases in capacity for most of 2015 before ramping up operations as it puts new Airbus A320 aircraft into service toward year-end, the carrier said this week in a filing with the US Securities and Exchange Commission (SEC).
Rolls-Royce, trying to regain investors’ confidence in the face of its declining revenue performance, has unveiled a cost-reduction plan that will include 2,600 job cuts.
Worldwide air freight markets exhibited a third consecutive month of significant demand growth in September as collective volumes rose 5.2% year-over-year, according to IATA’s September air freight market analysis.
Calgary-based WestJet reported third-quarter net income of C$52.2 million ($46.2 million), down 19.8% from a net profit of C$65.1 million in the 2013 September quarter, but noted that operating margin improved 1.8 points year-over-year to 12.5%.
Central and Eastern Europe-based Wizz Air CEO Jozsef Varadi is sticking firmly with his ultra low-cost, short-haul strategy and has no intention of chasing business travelers, or branching out into long-haul, low-cost operations.
