Southwest Airlines reported third-quarter 2018 net income of $615 million, a 16.5% increase from a $528 million net profit in the same period last year.
Boeing has opened a Boeing 737 and 767 components manufacturing plant in Sheffield in northern UK, marking the manufacturer’s first European production site.
International Airlines Group (IAG) weathered the effects of rising fuel prices and unfavorable currency movements to record a net profit before exceptional items of €1.14 billion ($1.29 billion) for the third quarter (3Q), nearly the same as the year-ago restated figure.
Ireland-based LCC Ryanair has signed a collective labor agreement (CLA) with Belgian unions CNE-CSC and LBC-NVK, putting in place another piece in its patchwork of new labor agreements with staff across Europe.
International Airlines Group has revealed that the data breach of its British Airways (BA) customer database in September 2018 affected more customers than previously believed.
China’s Juneyao Airlines plans to begin intercontinental operations in June 2019 with a connection between Helsinki and the private carrier’s home town of Shanghai.
Japan Airlines (JAL) is preparing to introduce Airbus A350s and Boeing 787s on domestic routes next year and is looking to replace its Boeing 767 fleet.
Alaska Air Group—parent of Alaska Airlines and Horizon Air— experienced a drop in net income for the third quarter in a row, as the company struggled to generate enough revenues to offset higher fuel costs.
South African Airways (SAA) is in line for another government bailout as part of a restructuring initiative aimed at restoring profitability by 2020-21. More cash is also in the works for regional carrier SA Express.
French aerospace firm Safran has confirmed CFM International’s target of handing over 1,100 LEAP engines for Airbus and Boeing narrowbodies in 2018, emphasizing it is gradually bringing delivery delays down to zero.
Finnair has been forced to downgrade its full-year outlook after the airline’s third-quarter net profit fell 13.9% to €80.5 million ($91.9 million), driven by exceptional weather conditions, a shortage of spare engines, stiff intra-European competition and higher fuel costs.
Fort Lauderdale-based ultra-LCC Spirit Airlines reported a 2018 third-quarter net profit of $97.5 million, up 38% from the $60.2 million reported in the same period last year, offsetting higher costs for jet fuel and personnel.
The United Arab Emirates (UAE) General Civil Aviation Authority (GCAA) has recommended FAA should evaluate whether Boeing needs to assess the risk of an uncommanded 777 engine failure, triggered by nose-gear tire debris, could lead to a dual-engine shutdown.
Certification testing of Boeing’s latest MAX variant, the 737-7, has resumed after flight test crews were temporarily seconded to work on current production models as part of wider company efforts to overcome 737 delivery delays.
The Russian government will transfer 92.31% of its shares in United Aircraft Corp. (UAC) to Rostec, according to a decree signed by President Vladimir Putin signed Oct. 24.
Qantas is confident it can largely recover fuel price increases thanks to strong passenger revenue trends, favorable economic conditions and healthy forward bookings.
Long-haul LCC Norwegian Air Shuttle warned that high oil prices and a strong dollar would affect the entire aviation industry as it reported a third-quarter net profit of NOK1.3 billion ($156 million), up 18% compared to NOK1.1 billion in the year-ago quarter.
