Airlines & Lessors
Jun 21, 2018
Memphis-based FedEx Corp. reported $4.6 billion in consolidated net profit for fiscal 2018—up 53% over the company’s fiscal 2017 $3 billion net result—boosted by $2.1 billion in tax benefits, $1.6 billion of which came from the Tax Cuts and Jobs Act (TCJA) passed by the US Congress in late December 2017.
Jun 20, 2018
State-run national flag carrier Kenya Airways plans to merge with Nairobi Jomo Kenyatta International Airport (JKIA) to compete with other state-owned carriers in Africa and the Middle East, such as Ethiopian Airlines and Emirates Airline.
Jun 20, 2018
Norwegian CEO Bjørn Kjos believes his LCC is reaching the critical mass it needs to succeed, as several European heavyweights voice their potential interest in the business.
Jun 19, 2018
Lufthansa CEO Carsten Spohr has called for greater cooperation between airlines and airports in the face of the upcoming capacity crunch, likening current strained relations to sibling rivalry.
Jun 19, 2018
Flybe, Europe’s largest regional airline, recorded a reduced net loss for the 2017-18 financial year, with the company CEO reporting most parameters improving.
May 05, 2022
Executives at Spirit Airlines reiterated their opposition to the merger proposal from JetBlue Airways and urged shareholders to approve the competing bid from Frontier Airlines at an upcoming shareholder vote.
May 05, 2022
Qantas has struck a deal to take over Alliance Aviation, the Australian charter and regional operator Qantas already partly owns.
May 05, 2022
Eurowings CEO Jens Bischof said the focus on Miles and More resulted from the carrier’s positioning as a value airline for Europe, a step related to its strategy to become a pan-European airline with bases in several countries.
May 05, 2022
Icelandair continued ramping up its operations in the first quarter (Q1) of 2022 and prepares for a strong summer.
May 05, 2022
Lufthansa subsidiary Air Dolomiti has become the first Italian airline approved to execute Required Navigation Performance-Authorization Required (RNP-AR) approaches to land in Innsbruck, Austria.
May 05, 2022
Lufthansa is slowly warming up to the idea of potentially reactivating its Airbus A380 fleet, should strong demand growth be sustained over the next few years.
May 05, 2022
Air France-KLM reported strong bookings as it posted a narrowed net loss for the first quarter, despite the effects of the omicron variant, Russia’s invasion of Ukraine and high fuel prices.
May 04, 2022
Kenya Airways Group MD and CEO Allan Kilavuka has outlined three phases for his carrier’s strategic cooperation with South African Airways (SAA), spanning the period to the end of 2023.