The Malaysia Airlines (MH17) Boeing 777-200ER that crashed over Ukraine July 17, killing all 298 on board, was destroyed because of “massive explosive decompression” due to “multiple fragmentation damage caused by a missile explosion,” according to the Ukrainian Security and Defense Council.
Qantas is said to be looking at a potential split of its operations into international and domestic—with the potential to sell elements to outsiders—following a landmark decision by the Australian Senate Chamber to allow changes to government restrictions on the ownership of the national flag carrier.
Ryanair reported first-quarter net income of €197 million ($264.5 million), more than doubled from a €78 million profit in the year-ago period, due partly to the timing of the Easter holidays.
Ryanair CEO Michael O’Leary is interested in securing a Cypriot air operator’s certificate (AOC) to tap potential for direct flights between the Mediterranean island and Levant destinations.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, has issued a profit warning for the second quarter, predicting a net loss for the period.
Nearly seven years after launching operations, San Francisco-based Virgin America has filed a statement with the US government announcing its intent to launch an initial public offering (IPO).
Mexican ultra-low-cost carrier (ULCC) Volaris eased its 2014 losses in the second quarter, reporting a net loss of MXP75 million ($6 million), narrowed from the company’s first-quarter net loss of MXP370 million.
Royal Jordanian and Saudi Arabian hybrid carrier flynas have announced they are dropping routes due to the stresses facing smaller Middle East carriers compared with the region’s giants.
The terrible irony of the shooting down of flight MH17, a Malaysia Airlines Boeing 777-200 with 298 people on board, is that in this, the 100th anniversary year of commercial air transportation, modern airliners and engines have never been safer or more reliable than they are today. And yet, within the space of six months, two Boeing 777s have been lost along with the lives of almost 530 passengers and crew.
The wreckage of Air Algerie Flight 5017 (AH5017) has been found in a “disintegrated state” in the Gossi region of northeastern Mali, near the border of Burkina Faso, according to French President Francois Hollande.
American Airlines Group—in its second reporting period since the merger last December of American Airlines and US Airways—reported a record-setting net profit of $864 million, up 70.4% year-over-year from the combined carriers’ $507 million net profit in the 2013 June quarter.
Air France-KLM Group reported a first-half net loss of €614 million ($827 million), narrowed from a net loss of €799 million reported for the same period in 2013.
Singapore-based low-cost carrier (LCC) Tigerair Group reported an after-tax loss of SGD65.2 million ($52.6 million) for the quarter ended 30 June 2014 (1Q FY15), deepening the SGD32.8 million loss reported for the year-ago period (1Q FY14).
Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported $165 million net income for the second-quarter, up 58.7% from a $104 million net income in the second-quarter of 2013.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported second-quarter net income of $33.5 million, up 29.9% from $25.8 million in the year-ago quarter.
