Spirit Airlines posted third-quarter net income of $67 million, up 9.7% over a $61.1 million net profit in the prior-year period, and is confident it will lower unit costs in 2015 even as it grows capacity significantly.
Saudi hybrid carrier flynas has scrapped its entire portfolio of long-haul services and will revert to its core business of regional flights in the Middle East.
The Philippines-Japan market is becoming increasingly competitive, with the two major Philippine carriers both launching new routes to Japan from the Mactan-Cebu secondary gateway.
The need for greater collaboration and information-sharing over where it is safe to fly was highlighted by the confusion that surrounded an incident in July when a rocket landed close to Tel Aviv airport, the CEO of Air Canada said Monday.
The head of US intelligence has told the aviation industry that he believes in working jointly with them against security threats, but also warned that protecting intelligence agents and their technologies was essential.
Monarch Holdings, the parent company of UK leisure carrier Monarch Airlines, has been sold to private investment firm Greybull Capital and has confirmed plans to cut 700 jobs.
UK-based regional carrier Flybe is in talks with “a number of flag carriers” regarding undertaking “white label” services for them, the airline’s CEO said Monday.
Italian flag-carrier may eliminate close to 1,000 jobs following an agreement between airline management and its trade unions, according to an Italian news agency report.
CityJet’s regional wet-lease and charter subsidiary VLM Airlines is to be acquired by its management team, just months after its parent company was sold by Air France to Germany’s Intro Aviation.
FedEx Express is expanding its “International First” time-definite, door-to-door, early delivery service to more than 30 new countries, including China, South Korea and India.
Thai regional carrier Bangkok Airways is to start using northern Thai Chang Mai Airport as a second hub for its local services from the end of October, using ATR 72-500 and Airbus A320 aircraft.
Aeroflot’s new low-cost carrier (LCC) subsidiary—Byudzhetny Perevozchik, which directly translates as Budget Carrier—will now fly from Moscow Vnukovo Airport from Nov. 17.
The UK’s largest bank, HSBC, has joined a project between Virgin Atlantic and New Zealand-originating research company LanzaTech to develop a new, low-carbon fuel.
Aeroflot relaunched daily Airbus A320 Moscow-Tbilisi, Georgia service from Oct. 26, after Russia’s Federal Air Transport Agency, Rosaviatsia, announced Sept. 15 that scheduled flights could resume between the countries.
American Airlines, which has the most exposure to Venezuela of any US carrier, expects the country’s economic travails to result in a 2%-4% decrease in the carrier’s system-wide fourth-quarter unit revenue.
