Airlines & Lessors
Feb 08, 2017
Russia’s federal air transport agency, Rosaviatsia, has suspended the air operator’s certificates (AOCs) for two regional carriers—Buryat Airlines and Pioneer Airlines—effective Feb. 7, following unscheduled inspections.
Feb 08, 2017
Scandinavian Airlines (SAS) has reported that yields are at “historically low levels” in its marketplace, as a result of higher fuel prices, an unfavorable exchange rate for the Swedish krona against the dollar and a new Norwegian aviation tax.
Feb 07, 2017
Singapore Airlines (SIA) saw further signs of weakening passenger yield and revenue in the fiscal third quarter, although a strong showing by the cargo division helped bolster operating profit.
Feb 07, 2017
Canadian low-cost carrier (LCC) WestJet reported a full-year 2016 net profit of C$295.5 million ($219.4 million), down 19.6% from C$367.5 million in 2015.
Feb 07, 2017
Florida-based ultra-low-cost carrier Spirit Airlines reported 2016 net profit of $264.9 million, down 16.5% from net income of $317.2 million in 2015.
Apr 28, 2021
Air Tanzania can expect financial support from Tanzania’s government after the flag-carrier recorded a loss of TZS60 billion ($26 million) during its fiscal 2019/20 period resulting in total losses over the past five years of TZS150 billion.
Apr 28, 2021
Airports Company South Africa (ACSA) is refusing to provide further services to South African Airlines’ (SAA) low-cost subsidiary Mango with…
Apr 28, 2021
Uzbekistan Airways plans to launch low-cost flights as part of efforts to improve its operational efficiency.
Apr 28, 2021
A strong rebound in demand from U.S. mainland markets is providing a major boost for Hawaiian Airlines, but for full recovery the airline still needs similar improvement in international and inter-island markets.
Apr 27, 2021
A U.S. court has approved lessor AeroCentury’s application for continued funding for its business operations and restructuring under Chapter 11 proceedings.
Apr 27, 2021
JetBlue Airways is moving full steam ahead in its strategic alliance with American Airlines and believes the tie-up will break up what it deems as monopolies in the northeast.
Apr 27, 2021
More than a year into the COVID-19 crisis and with airlines still under unprecedented pressure, the question of airport slots is proving the adage that you can’t please all the people all of the time.
Apr 27, 2021
American Airlines is on track to complete its long-running Boeing 737-800 cabin reconfiguration in the coming weeks, ensuring the entire fleet will be available to support the carrier’s growing summer schedule.