Ryanair (FR) reported a net profit of €14.9 million ($19.7 million) in the third quarter ended Dec. 31, 2011, a complete turnaround from a €10.3 million deficit in the year-ago period.
International Aero Engines manages the development, production and aftermarket services of the V2500 engine family providing 22,000 and 33,000 lbs of thrust required by 150 seat-passenger aircraft -- the fastest growing market sector in the commercial aviation industry, as well as the new military KC-390 aircraft.
All Nippon Airways (ANA) pilot unions have threatened a 24-hr. strike Wednesday but the airline said it is continuing negotiations to try stave off the planned industrial action and disruption to passenger services.
JetBlue 2011 income down 11.3%; 4Q sets record income of $23 million In the Daily News article (Jan. 27) reporting JetBlue’s full-year financials, we did not make clear the operating profit. Full-year revenue increased 19.2% to $4.5 billion while expenses jumped 21.4% to $4.18 billion. Operating income was $322 million, up 3.7% from a $333 million in 2010. We regret the error and any confusion it may have caused.
ServiceTec won an installation and support contract to install and maintain ARINC vMUSE systems at Berlin Brandenburg International. Hardware installation is slated for completion by February. Turkish Technic has been named a member of the worldwide Airbus maintenance, repair and overhaul network.
Financially troubled Austrian regional Air Alps has ceased operations. The carrier operated three Dornier 328-100s, on mainly codeshare flights for Alitalia from Rome Fiumicino-Parma and Bolzano as well as Milan Malpensa–Salerno. Welcome Air, a small regional carrier based in Innsbruck and owned by Swiss Lions Air Group AG, owns 76% of Air Alps ( ATW Daily News, Sept. 30, 2009).
US Airways (US) has reached a tentative agreement on a new collective bargaining agreement with the Assn. of Flight Attendants (AFA) to unite US and former America West flight attendants. AFA represents the airline's 6,700 mainline flight attendants. The tentative agreement, which must be approved by the AFA master executive council, will be sent to its members in the coming weeks. AFA did not announce details of the agreement.
The Assn. of Asia Pacific Airlines (AAPA) has released preliminary figures for 2011 showing steady growth in international air passenger demand but weak international freight markets. The 16 member airlines carried 190 million international passengers in 2011, 3.5% more than the previous year, while RPKs grew by 3.7%. Capacity growth for the year was 6.3%, resulting in an international passenger load factor of 76.4%, down two percentage points.
The new chairman of the Assn. of European Airlines (AEA) has warned that tensions arising from the controversial EU Emissions Trading System (EU ETS) tax will be extremely damaging for European air travel. Bernard Gustin, AEA chair and co-chief executive of Brussels Airlines, said that Europe was bracing itself for a “turbulent 2012” and it was therefore “more critical than ever to have a competitive and thriving European airline industry.”
AirBridgeCargo Airlines (ABC) has taken delivery of the first of five Boeing 747-8 freighters, making the carrier the first customer of the type in Russia.
Republic Airways Holdings (RAH) has named airline executive David Siegel as CEO, president and interim COO of subsidiary Frontier Airlines (F9) to lead its restructuring program.
The European Commission (EC) has opened an investigation to assess whether the transatlantic joint venture (JV) between Air France-KLM (AF-KL), Alitalia (AZ) and Delta Air Lines (DL) breaches EU antitrust rules.
Etihad Airways (EY) will acquire a 40% stake in Air Seychelles (HM) for $20 million as part of a strategic partnership alliance initiative between the two airlines.
The ATW Joseph S. Murphy Industry Service award is bestowed on those who have demonstrated exceptional service in the airline industry while also bringing credit to the industry as a whole through outstanding public service.
Since its inception, Transaero Airlines has tenaciously dedicated itself to raising safety and service standards in its domestic Russian market. This privately owned airline has continuously achieved above-market growth rates while posting healthy profits since 2002 and establishing itself as Russia’s second largest carrier in terms of passenger numbers.
Any airline that builds a world-renown brand in a few short years is worthy of recognition. An airline that builds such a brand in a challenging and highly competitive environment where it must contend with larger and better-known neighbors deserves special recognition. Despite its young age, Etihad Airways has emerged as the personification of what it means to put the customer first.
The ATW Decade of Excellence Award is new this year and recognizes an individual who has made a long-term and significant commitment that has had a profound influence on the air transportation industry.
Great success stories in the airline industry are rare, even in good times. ATW’s 2012 Regional Airline of the Year is one of those and much more. The region in this case is wide and daunting, spanning the length and breadth of Australia and its hostile interior known with fondness to Aussies as the Outback.
This year, ATW has created the new Value Airline of the Year award to recognize outstanding achievements by those carriers whose business strategy provides exceptional value for the customer and the shareholder.
The journey Air New Zealand has taken over the past decade has been extraordinary. For many legacy and flagship carriers, adapting to the tumultuous global economic and market changes of the past 10 years has been a huge and difficult challenge.
It’s sometimes easy to forget that this industry, with its constant exposure to the impact of the economy, political upheavals, wars and other events outside of its control, has much to celebrate.
