Airlines & Lessors
Oct 18, 2016
Irish low-cost carrier (LCC) Ryanair has lowered its 2016-17 full-year net-profit guidance to €1.3-€1.35 billion ($1.4-$1.5 billion), 5% lower than previously forecast, because of currency exchange effects following the UK’s decision to leave the European Union (Brexit).
Oct 17, 2016
Chicago-based United Airlines parent United Continental Holdings reported a third-quarter net profit of $965 million, down 80% from a net income of $4.8 billion in the 2015 September quarter.
Oct 17, 2016
Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—has forecasted it will carry 1.4 million passengers in 2016, a 20% year-over-year (YOY) traffic increase, according to CEO Konstantin Sukhorebrik.
Oct 17, 2016
China Eastern Airlines has opened a branch company in Guangdong as the Shanghai-based carrier aims to enhance its position in the Pearl River Delta regional market of South China.
Oct 17, 2016
Irish regional CityJet is aiming to turn a profit by 2017, but is remaining silent on reports that it plans to make further acquisitions.
Feb 11, 2021
Irish MRO Atlantic Aviation Group has bought Flybe Aviation Service’s (FAS) former maintenance facility at Brize Norton airbase in the UK. The…
Feb 10, 2021
Cargojet confirmed Feb. 10 that its recently secured C$365 million ($287 million) in funding will support the acquisition of five Boeing 767 freighters and at least two 777s.
Feb 10, 2021
Democratic House lawmakers proposed an additional $26 billion to help struggling airlines, airports and manufacturers survive the air travel downturn caused by the COVID-19 pandemic.
Feb 10, 2021
Aer Lingus and Dublin Airports Authority (DAA) have both benefited from financial support from the Irish government.
Feb 10, 2021
Lessor Dubai Aerospace Enterprise (DAE) foresees a sharp improvement in airlines’ fortunes as early as summer 2021 and remains confident that the industry will regain its pre-pandemic pattern of growth.
Feb 10, 2021
With large parts of their fleets still grounded amid the COVID-19 pandemic, Europe’s airlines might be burning precious little fuel at the moment.
Feb 10, 2021
While U.S. airlines lost nearly $45 billion in 2020, one unlikely carrier managed to close out 2020 without experiencing a single unprofitable quarter.
Feb 10, 2021
Etihad Airways said Feb. 9 that it had become the world’s first airline to have vaccinated all its operating pilots and cabin crew against COVID-19.