Global premium air travel demand weakened in March, growing 1.9% year-over-year, down from February’s 4.1% increase, according to IATA’s March Premium Traffic Monitor.
Aegean Airlines reported a first-quarter after-tax loss of €8.4 million ($11.5 million), narrowing the consolidated €13.2 million loss reported for the same period last year.
Norwegian Air Shuttle, parent of Norwegian Air International, has described as “outrageous” claims by flight attendants unions that its recruitment policies could undermine safety.
Lufthansa Group is looking to grow its presence in the China market by increasing frequency to key cities, potentially forging stronger ties with its Star Alliance partner Air China, and leveraging the Lufthansa brand that the Chinese associate with high quality.
On a calm and brightly lit meeting room overlooking Reykjavik’s downtown domestic airport, Icelandair Group president and CEO Björgólfur Jóhannsson reflects on the turmoil created when Iceland’s three major banks failed in quick succession in 2008.
The explosive growth experienced by the Brazilian airline industry at the beginning of this decade has cooled considerably, but Brazil is still one of commercial aviation’s most dynamic markets. Importantly, it is fast-rising Latin America’s largest market.
Denver-based Frontier Airlines has become the latest US airline to embrace the “ultra” low cost-carrier (ULCC) model, joining fast-growing Spirit Airlines and Allegiant Air.
The Australian Transport Safety Bureau (ATSB) is studying whether missing Malaysia Airlines Flight MH370 may have been navigating between waypoints in the southern Indian Ocean when the aircraft’s satellite communications system last exchanged “handshakes” with an Inmarsat satellite and ground station in Perth, Australia, as it descended, most likely after running out of fuel.
Shanghai-based low-cost carrier Spring Airlines has suspended plans to launch an initial public offering (IPO) on the Shanghai Stock Exchange to raise funds for fleet expansion.
India’s Jet Airways group has reported a consolidated loss of Rs 42 billion ($689 million) for the financial year April 2013 to March 2014, widened from Rs 7.7 billion in the prior-year period.
Emirates Airline will operate 50 Airbus A380-800s by the end of June and will add an additional frequency to its Paris Charles de Gaulle service, Emirates SVP-commercial Europe and Russia Federation Thierry Aucoc confirmed to ATW.
Three leading flight attendants’ unions have joined forces to lobby the US Department of Transportation (DOT) to deny Norwegian Air International’s (NAI) application for a foreign air carrier permit.
