Santiago-based LATAM Airlines Group reported a $155.3 million net profit for 2017, more than doubling the group’s $69.2 million net income in 2016, on the back of the company’s highest full-year operating income ($715 million, up 25.8% from 2016) since its formative merger six years ago.

Air France-KLM CEO Jean-Marc Janaillac said the group must respond further to a fast-changing air transport environment to be more competitive.

The Tianjin municipal government has injected CNY120 million ($19 million) into Tianjin Cargo Airlines to enable it to launch in this year’s first half.

Virgin Atlantic Cargo said its 2017 volumes reached a five-year high and revenues rose 9% to £199.6 million ($279 million), driven by strong growth in shipments of pharmaceuticals and e-commerce goods.

Lufthansa is forced to slow down its 2018 capacity expansion, as the airline struggles to find additional aircraft and discovers the build-up of low-fare unit Eurowings is taking longer than expected.