Airlines & Lessors
Mar 17, 2016
Lufthansa Group low-cost subsidiary Eurowings is delivering unit costs of up to 30% lower than its hub airlines, Lufthansa chairman and CEO Carsten Spohr told reporters and analysts during the group’s financial results conference.
Mar 17, 2016
US-based FedEx Corp. reported a fiscal third-quarter net profit of $507 million, down 19% from net income of $628 million earned in the prior-year quarter, but the company pointed to rising revenue and a strong performance in its FedEx Express airline segment.
Mar 17, 2016
Thai-based low-cost carrier (LCC) Nok Air reported a net loss of THB723.9 million baht ($20.08 million) for FY 2015, deepened from a THB472 million net loss in 2014.
Mar 17, 2016
The rate of change in scheduled passenger airline full-time equivalent employment by airline group, displayed as year-over-year percentage growth or losses. Differential changes for each of the last 13 months are shown.
Mar 17, 2016
The Lufthansa Group has reported a 2015 net profit of €1.7 billion ($1.9 billion), up significantly from a net profit of €55 million in 2014, although the main contributors were lower fuel prices and money received from withdrawing its stake in US carrier JetBlue Airways.
Sep 28, 2020
Pilots at United Airlines ratified a deal that would avoid planned furloughs in the next several months, pushing off any possible involuntary actions until mid-2021 if the U.S. Congress does not provide additional support for the country’s airline industry.
Sep 28, 2020
A combination of exceptional items, namely the COVID-19 pandemic, the continuing diplomatic row with surrounding nations, new accountancy standards and the failure of one of its airline investments, helped push Qatar Airways Group to a net loss of QAR 7 billion ($1.9 billion) for the 2019-20 financial year.
Sep 28, 2020
Aegean Airlines CEO Dimitris Gerogiannis is facing the “most challenging and least predictable winter ever” after the airline posted a €158.8 million ($184.7 million) net loss for the first half of 2020.
Sep 28, 2020
Aeromar is poised to open a second service to the U.S. over the coming days—one of three new routes being launched in October—as the Mexico City-based carrier rebuilds and reshapes its network in response to travel demand.
Sep 28, 2020
Tajikistan’s Somon Air is mulling the possibility of adding the currently grounded Boeing 737 MAX to its fleet, 15 months after pulling out of a deal to lease the narrowbody.
Sep 28, 2020
Mexican ULCC Volaris continues to see opportunities in the coronavirus crisis to build on its already-strong position in the domestic market as some of its competitors rightsize.
Sep 28, 2020
South African LCC Mango is in “critical discussions” with maintenance provider South African Airways Technical, triggering questions over the airline’s continued operations.
Sep 28, 2020
French maritime transport and logistics specialist CMA CGM has agreed to take a stake in Groupe Dubrueil Aero, the parent company of Air Caraïbes and French bee, with an eye on the air freight sector.