Lufthansa Group has projected a full-year operating profit of €600 to €700 million ($820 million to $960 million), up from €524 million in 2012, due to restructuring costs, volatile exchange rates and tough market conditions.
Budapest startup Solyom Hungarian Airways, which was due to launch Boeing 737-500 charter flights from early September and scheduled flights from early October, went to insolvency before it was able to start operations.
Austrian Airlines CEO Jaan Albrecht, FlyNiki CEO Christian Lesjak, Vienna airport CEO Julian Jaeger and Linz Regional Airport CEO Gerhard Kunesch joined forces in Vienna to urge the Austrian government to axe local aviation taxes, which have become a burden for the industry.
Premium air travel growth improved in August, with overall international premium traffic increasing 8.6% year-over-year, markedly better than July’s 1.4% growth, according to IATA’s August Premium Traffic Monitor.
Fastjet has finally flown its first international flight between Dar es Salaam in Tanzania and Johannesburg in South Africa, which was originally planned for Sept. 27.
Separation between two commercially operated Boeing 747s flying over Scotland in June fell to 3.5 nautical miles and 300 ft., according to the UK Airprox Board’s report of incidents assessed at the September 2013 meeting, published at the end of last week.
Qatar Airways plans to launch four weekly Boeing 777-200 flights between Doha International Airport (DOH) and Miami International Airport (MIA) starting June 10, 2014.
Hainan Airlines Group (HNA) is accelerating the consolidation of its subsidiaries with the transfer of a 14% stake in Tianjin Airlines to Hainan Airlines worth CNY1.09 billion ($178 million).
The UK Civil Aviation Authority (CAA) is urging airports to use differential landing charges to give airlines an incentive to operate cleaner and quieter aircraft.
Irish airlines have welcomed the decision by the country’s government to scrap the Air Travel Tax (ATT), which levied a €3 ($4.10) charge on departing travelers.
American Airlines plans to launch daily flights between Dallas/Fort Worth International Airport (DFW) and Hong Kong International Airport (HKG) and between DFW and Shanghai Pudong International Airport (PVG) in the 2014 summer.
Airlines are ranked by 2013 reservation cancellation/change fee revenue, in US$ thousands. Data is current as of Sept. 30, 2013 tbd: to be determined NA: no data available
Bombardier Aerospace announced Friday that Chinese leasing company CDB Leasing Co. (CLC) is the previously announced undisclosed customer that signed a conditional purchase agreement for five CS100 and 10 CS300 airliners.
Boeing said Friday it is reducing its 747-8 production rate from 1.75 aircraft to 1.5 per month through 2015, citing lower market demand for large passenger and freighter aircraft.
US President Barack Obama has nominated Jeh Johnson, the Department of Defense (DOD) general counsel from 2009-2012, to be the next Department of Homeland Security (DHS) secretary.
