Chorus Aviation boosted its first-quarter adjusted earnings 43% year-over-year (YOY) and operating revenues 9% on the strength of its growing aircraft leasing business.
Vietnamese LCC Vietjet nearly quadrupled its first-quarter 2018 net profit, and the carrier said it is comfortably ahead of financial targets for the year to date.
South Korea’s Asiana Airlines slipped to a net loss of KRW5.4 billion ($5 million) in the first quarter, although it also recorded its highest operating profit for three years.
Air France-KLM CEO Jean-Marc Janaillac will submit his resignation next week after a majority of Air France employees rejected a pay proposal in a staff-wide consultation that had been his high-stakes bid to extract the airline from a costly labor relations crisis.
International Airlines Group (IAG) posted a significantly higher operating profit in the first quarter and assured investors its full-year result will be better than last year despite rising fuel prices.
Chicago-based United Airlines and Frankfurt-based Lufthansa Cargo (LHC) launched a joint venture (JV), effective May 3. The JV agreement was signed April 20, 2017.
Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in 1Q 2017.
Air France-KLM warned its 2018 operating profit would be “notably below” 2017’s because of the financial impact of ongoing Air France strikes, currency fluctuations and a fuel bill that is €350 million ($419 million) higher than last year’s.
The board of Norwegian Air Shuttle (NAS) has rejected two offers for a full takeover by International Airlines Group (IAG) since the group made public its initial small investment.
Maintenance records from the Southwest Airlines Boeing 737-700 that experienced an inflight engine failure April 17 reveal the fan blades of its CFM56-7B turbofan engines, which are suspected of causing the failure, had been overhauled 10,712 engine cycles before the accident, the US National Transportation Safety Board (NTSB) reported.
Global air cargo demand fell to its lowest level in 22 months in March, as traffic measured in FTKs increased 1.7% compared to a year earlier, when March 2017 demand grew 14%, according to IATA’s latest Air Freight Market Analysis released May 2.
Southwest Airlines revealed the four continental US cities from which it plans to operate flights to Hawaii as it moves closer to selling tickets for the service.
UK-based flybmi (formerly known as bmi regional) is looking to expand its fleet of 20 Embraer 134/145 regional jets with Bombardier CRJ900s or E190s, which offer more capacity as the carrier prepares for post-Brexit operations.
The US National Transportation Safety board (NTSB) has released evidence from its ongoing investigation of an incident at San Francisco International Airport (SFO) on July 7, 2017 in which an Air Canada Airbus A320 that was cleared to land mistakenly lined up on a parallel taxiway, then barely avoided a disaster.
News of a weak first-quarter performance by Bombardier’s Commercial Aircraft unit was offset somewhat by the cash-generating sale of its Downsview aircraft assembly operation, a new CRJ order, and optimism that the CSeries program tie-up with Airbus will close within weeks.
Central and Eastern European LCC Wizz Air CEO József Váradi has said that newly launched Wizz Air UK could be used as a vehicle to acquire assets from other airlines.
Central and Eastern European LCC Wizz Air has secured its UK air operator’s certificate (AOC) and operating license, paving the way for Wizz Air UK to launch flights on May 3.
