Airlines & Lessors
Jul 23, 2015
Southwest Airlines earned a net profit of $608 million in the second quarter, up 30.8% over net income of $465 million in the 2014 June quarter, as the company surged to a 28.2% pre-tax return on invested capital (ROIC) for the 12 months ended June 30.
Jul 22, 2015
Boeing remains confident that it will not have to cut its 777 production rate as part of the transition to the 777X and maintains that overall demand for its commercial aircraft line continues to be rock-solid, dismissing unevenness that saw first-half orders lag behind deliveries.
Jul 22, 2015
Lufthansa subsidiary Austrian Airlines will stop Vienna-Dubai services on Sept. 13 due to overcapacity.
Jul 22, 2015
UK budget carrier easyJet is expecting a full-year pre-tax profit £620-£660 million ($965 million-$1.03 billion), despite taking a third-quarter hit from French air traffic controller strikes and the Rome Fiumicino fire.
Jul 22, 2015
Singapore-based low-cost carrier Tigerair reported net loss of SGD1.7 million ($1.25 million) for the first quarter of fiscal year 2016, narrowed from a SGD65.2 million net loss for the year-ago quarter.
Dec 02, 2019
South African Airways (SAA) “cannot continue in its current form” and will need a “radical restructuring,” the country’s minister of public enterprises Pravin Gordhan said Dec. 2.
Dec 02, 2019
With its merger with Vanilla Air complete, Japanese LCC Peach Aviation is now looking to hire more pilots while expanding its capacity and network.
Dec 02, 2019
Cathay Pacific Airways plans to make further cuts in capacity in 2020 as it continues to grapple with a demand slowdown prompted by civil unrest in Hong Kong.
Dec 02, 2019
Brazil’s third-largest airline Azul has forged an MOU to sublease a portion of its older Embraer E195 jets as part of its transition to the new Embraer E195-E2.
Nov 27, 2019
Norwegian Air Shuttle will stop flying from Copenhagen and Stockholm to the U.S., and from Oslo to Thailand, as part of a broader shakeup of its network designed to improve profitability.
Nov 27, 2019
Florida-based Silver Airways has become the first U.S. carrier to operate the ATR 72-600 turboprop as the regional carrier continues to transition to an all-ATR fleet.
Nov 27, 2019
Turkish airline AtlasGlobal ceased all operations and suspended ticket sales Nov. 26, saying the suspension will continue until Dec. 16 to allow for restructuring and to establish new cash resources.
Nov 26, 2019
No new deadline extension is being considered for the submission of an investors’ rescue plan for bankrupt Alitalia, a senior Italian government minister said.