UK-based aircraft interiors designer and manufacturer AIM Altitude has promoted group commercial director Richard Bower to CEO, succeeding Mark Edwards in the role.
Finnair has again stepped up its 2017 full-year operating profit outlook to over €155 million ($180 million) - nearly triple the €55 million figure it posted in 2016 - exceeding the top end of its most recent €135-155 million guidance.
UK LCC easyJet has selected TUI Group deputy CEO Johan Lundgren as its next CEO, succeeding Carolyn McCall who will hand over leadership of the airline on Nov. 30.
Panama City-based Copa Holdings faced severe operational challenges during the 2017 third quarter—including extreme weather, and natural disasters that Copa said affected both its 3Q financial results and hub operations in Panama City— but the company nonetheless posted a 40.2% increase in its third-quarter net profit to $103.8 million, compared to $74 million in 3Q 2016.
Azul Brazilian Airlines is in the process of transforming its fleet and extending its reach, adding Airbus A320neos while reducing the number of Embraer E-Jets and ATR turboprops, and credits the fleet transition for growing its revenue and driving third-quarter net income of R$204 million ($62.6 million).
Istanbul-based Turkish Airlines reported a 3Q net profit of $697 million, up significantly from the $184 million profit in the year-ago period, as traffic demand returned and revenues rose.
Lower profit warnings at UK-based regional airline Flybe proved accurate as the company’s half-year FY 2017/2018 results showed an adjusted profit before tax for the six-months ending Sept. 30 of £8.4 million ($11.3 million), down 7.5% from £15.9 million in the year-ago period.
Air New Zealand is rolling out Bluetooth tracking devices across its cargo network, and the carrier predicts this will make it easier to track and analyze shipment movements.
São Paulo-based LCC GOL’s third-quarter net profit rebounded as the airline stuck to a “strong discipline in the supply of seats, high load factors and unrelenting cost control” according to GOL CEO Paulo Kakinoff.
French airports operator Groupe Aéroports de Paris (ADP) announced it is in exclusive negotiations to acquire Airport International Group (AIG), which runs Amman Airport in Jordan.
Atlas Air Worldwide Holdings faces “intensifying operational and staffing crises” resulting from “mismanagement”—not because of a pilot work slowdown—the union representing the cargo operator’s pilots said.
Finnair will again take full control of its regional airline, Nordic Regional Airlines (Norra), in November after the transaction secured clearance from Finland’s competition authorities.
Administrators acting for UK leisure carrier Monarch Airlines will appeal a high court ruling that the grounded airline has no entitlement to its summer 2018 slots.
China Aviation Supplies Holding Company (CASC) has signed orders and commitments covering 300 Boeing aircraft, valued at more than $37 billion at list prices.
Royal Jordanian (RJ) has outlined a five-year turnaround plan that the Jordan flag carrier hopes will consolidate its currently improving financial position.
Virgin Australia intends to start operating at least one new Asian route next year, as the carrier continues to seek access to slot-constrained airports.
Irish LCC Ryanair has rolled out a series of new digital initiatives as part of its Always Getting Better (AGB) improvement program, including connecting flights at Porto Airport in Portugal.
Profits, revenue and passengers all kept pace at Central and Eastern European LCC Wizz Air, as it reported substantial improvements in the first half of its financial year.
The European Commission (EC) has given the green light for Danish investor Arbejdsmarkedets Tillaegspension (ATP) and Canada’s Ontario Teacher's Pension Plan Board (OTPP) to indirectly acquire a controlling stake Danish airports operator Copenhagen Airports.
