Airlines & Lessors
Oct 18, 2016
Spanish flag carrier Iberia has formally joined the Europe-Japan joint venture with oneworld alliance members British Airways (BA), Finnair and Japan Airlines (JAL).
Oct 18, 2016
Irish low-cost carrier (LCC) Ryanair has lowered its 2016-17 full-year net-profit guidance to €1.3-€1.35 billion ($1.4-$1.5 billion), 5% lower than previously forecast, because of currency exchange effects following the UK’s decision to leave the European Union (Brexit).
Oct 17, 2016
Chicago-based United Airlines parent United Continental Holdings reported a third-quarter net profit of $965 million, down 80% from a net income of $4.8 billion in the 2015 September quarter.
Oct 17, 2016
Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—has forecasted it will carry 1.4 million passengers in 2016, a 20% year-over-year (YOY) traffic increase, according to CEO Konstantin Sukhorebrik.
Oct 17, 2016
China Eastern Airlines has opened a branch company in Guangdong as the Shanghai-based carrier aims to enhance its position in the Pearl River Delta regional market of South China.
Feb 10, 2021
Democratic House lawmakers proposed an additional $26 billion to help struggling airlines, airports and manufacturers survive the air travel downturn caused by the COVID-19 pandemic.
Feb 10, 2021
Aer Lingus and Dublin Airports Authority (DAA) have both benefited from financial support from the Irish government.
Feb 10, 2021
Lessor Dubai Aerospace Enterprise (DAE) foresees a sharp improvement in airlines’ fortunes as early as summer 2021 and remains confident that the industry will regain its pre-pandemic pattern of growth.
Feb 10, 2021
With large parts of their fleets still grounded amid the COVID-19 pandemic, Europe’s airlines might be burning precious little fuel at the moment.
Feb 10, 2021
While U.S. airlines lost nearly $45 billion in 2020, one unlikely carrier managed to close out 2020 without experiencing a single unprofitable quarter.
Feb 10, 2021
Etihad Airways said Feb. 9 that it had become the world’s first airline to have vaccinated all its operating pilots and cabin crew against COVID-19.
Feb 10, 2021
Emirates Airline president Tim Clark expects the recovery of air travel to be delayed beyond the upcoming summer season and foresees a substantial return of demand only in the 2021 fourth quarter.
Feb 10, 2021
Israel has extended the temporary closure of Tel Aviv Ben Gurion International (TLV) as the country looks to keep out new variants of COVID-19.