Airlines & Lessors
Apr 26, 2018
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.
Apr 26, 2018
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.
Apr 26, 2018
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.
Apr 26, 2018
Vietnam Airlines has achieved strong profit growth in the three months through March 31, with its performance exceeding projections for the period.
Apr 25, 2018
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.
Mar 25, 2022
IATA announcement that it is moving its AGM from Shanghai to Doha may be indicative of China's currently diminishing role in aviation.
Mar 25, 2022
The International Air Cargo Association (TIACA) is launching “the BlueSky program,” a sustainability index aimed at allowing air cargo operators to measure their progress on sustainability goals and speed up the industry’s sustainability efforts.
Mar 25, 2022
LOT Polish Airlines is launching new passenger flights to Mumbai and resuming service to Delhi after a two-year hiatus because of the pandemic.
Mar 25, 2022
SunExpress is looking to push its Boeing 737-8 fleet performance to more than 17 hours per day.
Mar 25, 2022
Cebu Pacific is banking on the relaxation of travel restrictions within the Philippines and across the region more broadly as it hopes to bring back pre-COVID levels of domestic capacity during the second quarter of the year.
Mar 24, 2022
Alaska Air Group plans to accelerate its transition to an all-Boeing 737 mainline fleet by year-end 2023, ahead of previous plans for 2024.
Mar 24, 2022
Ethiopian Airlines has appointed its former COO Mesfin Tasew Bekele to take the helm following the departure of former CEO Tewolde GebreMariam, whose early retirement due to health issues was announced March 23.
Mar 24, 2022
The partial easing of Hong Kong’s entry restrictions will help Cathay Pacific restore some capacity in April, although the growth rate will stay slow as long as the threat of flight suspensions remains.