United Parcel Service (UPS) saw first-quarter net income rise 15% on the strength of its large US domestic network, helping offset headwinds, including weather disruptions that cost the company a chunk of profit.
The Japan Airlines Group’s net profit dropped by 17.5% in the fiscal year ending March 31, although it saw a 2.5% rise in its operating profit for the same period.
Icelandic LCC WOW Air is on the brink of finalizing its plans to serve Asia, as CEO Skuli Mogensen looks to position Iceland as “the Dubai of the north” and grow the fleet to 24 aircraft by year-end.
All Nippon Airways (ANA) Holdings achieved another strong profit rise in its fiscal year ended March 31, driven mainly by a sharp increase in international revenue.
Fort Lauderdale-based ultra-LCC Spirit Airlines posted a $44.9 million net loss for the first quarter of 2018, reversed from a $31.3 million net profit in 1Q 2017, as $89 million in special charges related to Spirit’s February labor agreement with its pilots impacted the net result.
Advocates for businesses tied to US travel applauded President Donald Trump’s pick to be the next secretary of state, Mike Pompeo, after he was confirmed by the Senate April 26, but said they expect him to keep to positions he testified he supported.
With about 60% of mandatory inspections done, nothing pointing to a pressing CFM56-7B fleet-safety issue linked to fan-blade failure has turned up, the engine manufacturer reports.
Southwest Airlines has exercised 40 Boeing 737-8 options, bringing its total 737 MAX firm orders to 280 aircraft, and plans to retire 40 737-700s as it takes delivery of the additional 737-8s from 2019-2022.
Las Vegas-based Allegiant Travel Co., parent of ultra-LCC Allegiant Air, reported 2018 first-quarter net income of $55.2 million, up 31% from $42.2 million in the 2017 first quarter.
Southwest Airlines executives said they do not believe it is yet appropriate to resume television advertising in the aftermath of the April 17 Boeing 737-700 engine failure that resulted in a passenger fatality, conceding this may slow the carrier’s business recovery from a noticeable softening in bookings following the incident.
Lufthansa Group reported a 2018 first-quarter net loss of €57 million ($70.2 million), narrowed from a net loss of €68 million in the year-ago quarter. Group revenue for the quarter was down slightly to €7.6 million, down 0.7% compared to the 2017 1Q.
American Airlines reported a 45.2% year-over-year (YOY) drop in first-quarter net income from $340 million to $186 million as soaring fuel costs overwhelmed an otherwise positive business environment for the Dallas/Fort Worth-based carrier.
Norwegian Air Shuttle reported a first-quarter net loss of NOK46.2 million ($5.9 million), compared with a net loss of NOK1.5 billion in the year-ago period, helped by a NOK1.9 billion financial gain from reclassification of its investment in bank Norwegian Finans Holding.
Cabin equipment manufacturer Zodiac Aerospace is slowly pulling out of the production problems that have marred its relationships with aircraft manufacturers, according to the company’s first-half financial results (fiscal year 2017-18).
United Airlines marks the next major milestone in its Polaris-branded customer experience initiative on April 30 with the opening of its new international business-class lounge at San Francisco International Airport (SFO).
Air France pilot unions have announced a further four days of strike action on May 3, 4, 7 and 8, adding to delays and disruption as workers and management are locked in conflict over pay.
French airports operator Vinci Airports has acquired a portfolio of 12 airports in Costa Rica, Sweden, the US and UK from US-based company Airports Worldwide, including 100% of Belfast International and 100% of Orlando-Sanford International.
LOT Polish Airlines will take three additional Boeing 787-9s on 12-year operational lease agreements with Irish lessor Avolon beginning next year, the Warsaw-based-carrier said April 24.
All Nippon Airways (ANA) is configuring the cabins of its Airbus A380s with four classes and some all-new features that include a changing room, bar counters in all cabins and couch options in economy.
Oneworld carrier Finnair’s double-digit growth strategy has resulted in a €1.6 million ($1.95 million) first-quarter net profit, reversing an €8 million prior-year loss.
