UK-based Virgin Atlantic Airways will reconfigure its route network by cutting services to Asian and African destinations in favor of a greater concentration on North Atlantic services.
Quarterly financial results from 76 air carriers worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the second quarter of 2014, generally defined as April 1, 2014 through June 30, 2014.
African low-cost airline Fastjet will launch flights to its fourth international destination in the middle of September, inaugurating the first direct air link between Tanzania and Uganda.
Air freight carriers in the Asia-Pacific region boosted global cargo volumes 5.8% in July—its best July performance in four years, according to IATA’s July air freight market analysis.
Norwegian Air Shuttle said Tuesday that the US Department of Transportation (DOT) has announced it needs more time to reach a decision on Norwegian Air International’s (NAI) application for a foreign carrier permit to serve the US from Europe.
Finnair has signed an agreement with Norwegian crew management company OSM Aviation to outsource cabin services on approximately 20 long- and short-haul routes over the next two years after union talks failed to hit its €18 million ($24 million) cost-cutting target.
China Eastern Airlines reported a first-half net profit of CNY14 million ($2.3 million), down 98% from net income of CNY624 million in the year-ago period.
Russia’s Transaero Airlines has reported first-half net income of RUB750 million ($20.1 million), up 61% compared to net income of RUB464 million in the year-ago period.
Philippine low-cost carrier Cebu Pacific Air has been granted entitlements to operate five additional international routes by the country’s Civil Aeronautics Board (CAB).
African low-cost airline Fastjet has introduced two new services—“SmartClass” and “Freighty” packages—to tailor services with market demand, following a growing trend among Europe’s low-cost operators.
For the first-half of 2014, average full-time-equivalent (FTE) employment among US scheduled passenger airlines was 383,800, up 0.8% from 1H 2013, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Greece-based Aegean Airlines reported an after tax profit of €15.9 million ($21 million) for the half year ended June 30, down marginally from the €16.5 million reported for the same period the previous year.
The Lufthansa Group has resumed flight operations to Erbil in Northern Iraq, based on the most recent assessments of the security situation in Iraq, it said.
Malaysia Airlines has reported a second-quarter net loss of MYR305.7 million ($95.1 million), widened from the carrier’s net loss of MYR175.2 million in the year-ago quarter.
