Iberia parent International Airlines Group (IAG) is hoping to cement Iberia’s future by striking a new ground staff deal and finalizing tentative agreements with its pilots and cabin crew.
British Airways has started using its Airbus A380s as a tool to reduce frequencies on trunk routes without cutting capacity and is pleased with the initial results, according to British Airways’ parent International Airlines Group (IAG) CEO Willie Walsh.
Following hard on the heels of the poor financial performance reported by Qantas for the six months to Dec. 31, 2013, its main rival Virgin Australia has also posted a downturn in profits for the same period.
Indiana-based Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported a 2013 net profit of $26.7 million, down 48% from $51.3 million in the year-ago period.
Garuda Indonesia will file for an initial public offering (IPO) in April. The Indonesian flag carrier is hoping to raise 1.6 trillion rupiah ($135 million) from a rights issue, according to its stock exchange filing.
US scheduled passenger airlines employed 380,809 full-time workers in December, up 0.3% year-over-year, according to recently released figures from the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Qantas Group reported a first-half fiscal year 2014 net loss of A$235 million ($208 million), a A$346 million plunge from the A$111 million profit Qantas posted in the year-ago period.
Although widely expected, Qantas Group’s first-half fiscal year 2014 report of a net loss of A$235 million ($208 million), A$346 million worse than posted in the year-ago period, sent shock waves through Australia and the airline industry.
Air New Zealand reported a net profit increase of NZ$140 million ($116.5 million) for the first half of the 2014 financial year, up 40% from NZ$100 million in the year-ago period.
Finnair has made further progress with its fleet renewal financing, firming up a memorandum of understanding (MOU) with GECAS for the sale and leaseback of two Airbus A330s.
The Russian government has approved a bill to allow local airlines to sell non-refundable tickets, which will enable local carriers to be more competitive on the international market.
Atlas Air and Qantas Freight, the cargo unit of Australia’s Qantas Airways, have extended their aircraft, crew, maintenance and insurance (ACMI) contract.
SAS Scandinavian Airlines said it has received strong interest from investors in its issue earlier this month of approximately seven million preference shares with a value of SEK3.5 billion ($540 million).
Delta Air Lines’ SkyMiles frequent flyer program will change in 2015 to reward redeemable mileage to members based on ticket price rather than distance traveled.
AirAsia X, the long-haul affiliate of Malaysia-based low-cost carrier (LCC) AirAsia, has reported a net loss of MYR86.9 million ($24.5 million) for the financial year to Dec. 31, 2013, reversing the MYR33.9 million profit reported for FY2012.
Lilongwe-based Malawian Airlines, which is 49%-owned by Ethiopian Airlines, has opened its first international route between Lilongwe and Johannesburg.
Russia’s charter Nordwind Airlines, which will launch scheduled services this year, has applied for permission for nearly 20 international destinations from different Russian cities.
