Chinese carriers reported a net profit of CNY1.5 billion ($245 million) in October, down 38% compared to a net income of CNY2.4 billion in the same month last year.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst.
Turkish Airlines CEO Temel Kotil told ATW in Istanbul that the city’s second airport, Sabiha Gökçen, will become the company’s secondary hub as the airline continues to grow.
US airlines reported two domestic flights with tarmac delays exceeding three hours in September and one international flight reported experiencing a tarmac delay exceeding four hours.
News from Travel Technology Update: The three Western GDS companies—Amadeus, Sabre and Travelport—are introducing new functionality and features on the eve of the PhoCusWright Conference in Hollywood, Fla.
CFM International remains confident in its predictions of a slight fuel burn advantage for the new LEAP-1A engine over the competing Pratt & Whitney PW1100G geared turbofan on the Airbus A320neo, even though the two currently remain essentially neck-and-neck in terms of firm engine selections.
A preliminary analysis of the Nov. 17 Tatarstan Airlines Boeing 737-500 crash in Kazan has determined there was no indication of technical failure in the systems and engines.
Air Canada has signed a letter of intent (LOI) with Canadian cargo airline Cargojet “to explore strategic opportunities” both within Canada and internationally.
UK pension fund Universities Superannuation Scheme (USS), one of the largest pension schemes in the UK, is set to acquire a 49.9% non-controlling stake in The Airline Group, which is a 41.9% shareholder in UK air navigation services provider NATS.
Olumuyiwa Benard Aliu of Nigeria has been elected as the fifth president of the ICAO Council to replace Roberto Kobeh González at the beginning of next year.
Dublin-based jet engine overhaul facility Lufthansa Technik Airmotive Ireland (LTAI) is considering shutting down due to declining revenues and shrinking international market opportunities.
Premium air travel growth slowed in September, with overall international premium traffic increasing 3.3% year-over-year, but weakening compared to August’s 8.6% surge, according to IATA’s September Premium Traffic Monitor.
