Airlines & Lessors
Jul 27, 2017
Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, posted a $48.5 million net profit for the 2017 second quarter, down 20.3% from the company’s $60.8 million net profit in 2Q 2016.
Jul 27, 2017
Etihad Airways recorded a net loss of $1.87 billion for 2016, reversed from a net profit of $103 million in 2015. Etihad said exceptional charges were major factors behind the huge deficit and its core airline operation had turned in a “solid performance.”
Jul 26, 2017
Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—earned $296 million in net income in the second quarter, up 13.8% over a net profit of $260 million in the 2016 June quarter, which does not include Virgin America’s 2016 second-quarter figures.
Jul 26, 2017
UK regional airline Flybe has posted improvements to its first-quarter load factor and yield, but new CEO Christine Ourmieres-Widener said further work is still needed.
Jul 26, 2017
New German airline SundAir has taken delivery of the first of two leased Airbus A320s and is preparing to start operations, pending final approval by German aviation authorities, which is expected soon.
Aug 25, 2021
Costain will assess the conditions required for storing hydrogen and the impact of its use on aircraft turnaround times at airports.
Aug 25, 2021
Ryanair is ending operations at both of Belfast’s airports, blaming the UK government’s “refusal to suspend or reduce” air passenger duty and a “lack of COVID recovery incentives” at each airport.
Aug 25, 2021
All Nippon Airways (ANA) has postponed the launch of five international routes and reduced frequencies as the delta variant of the coronavirus continues to suppress passenger demand.
Aug 25, 2021
Kazakhstan’s Air Astana is evaluating the addition of freighters to its fleet as its makeshift Boeing 767-300ER freighter returns to passenger operations.
Aug 24, 2021
Delta Air Lines’ decision to up its Airbus A321neo order book by 30 aircraft reflects a larger trend among U.S. carriers that are working to ensure they have optimal fleet flexibility to drive cost and efficiency advantages as the recovery from the COVID-19 pandemic could turn more uncertain.
Aug 24, 2021
Dublin-headquartered aircraft lessor Goshawk has extended a $500 million line of credit until July 2023 to fund narrowbody acquisitions throughout that period.
Aug 24, 2021
Dublin-based Emerald, newly appointed as an Aer Lingus franchise carrier, is ultimately planning to operate a fleet of 15 ATR 72s from four bases across the island of Ireland.
Aug 24, 2021
EASA has certified versions of the A330-800 and -900 that are significantly lower weight than the in-service A330neo fleet that can lead to a significant reduction in operating costs for airlines, making the aircraft more attractive to operators that don’t need the long-range capabilities.