Airlines & Lessors
Apr 22, 2016
The CEO of Italy’s Meridiana has announced he is stepping down after less than 18 months in the post.
Apr 22, 2016
American Airlines reported a first-quarter net profit of $700 million, down 24.9% from net income of $932 million in the 2015 March quarter, as revenue fell 4% year-over-year to $9.44 billion.
Apr 22, 2016
Hawaiian Airlines parent Hawaiian Holdings reported a $51.5 million net profit for the 2016 first quarter, nearly doubling its 1Q 2015 $25.9 million net income.
Apr 21, 2016
The rate of change in scheduled passenger airline full-time equivalent employment by airline group, displayed as year-over-year percentage growth or losses. Differential changes for each of the last 13 months are shown.
Apr 21, 2016
China’s online travel agency (OTA) Ctrip has invested CNY3 billion ($463 million) in Shanghai-based China Eastern Group, parent of China Eastern Airlines (CEA).
Oct 20, 2020
Alaska Airlines has added Embraer 175 service in the state of Alaska, operated by partner Horizon Air.
Oct 20, 2020
The heads of IATA and Airlines for America (A4A) painted a sober picture of the state of the airline industry, conceding the COVID-19 crisis is unprecedented for commercial aviation and warning of a potentially slow recovery.
Oct 20, 2020
Satellite network operators Inmarsat and Hughes Network Systems announced a “strategic collaboration” on Oct. 20 to provide in-flight connectivity designed for commercial airlines in North America.
Oct 20, 2020
Cathay Pacific appears to be close to revealing the major workforce cuts it has signaled will be one of the results of its strategic review.
Oct 20, 2020
Oneworld carrier Finnair has finalized plans to cut approximately 700 jobs—over 10% of its workforce—in response to the COVID-19 downturn, although this figure is fewer than the 1,000 originally anticipated.
Oct 19, 2020
Daily passenger throughput at U.S. airports reached one million people on Oct. 18 for the first time since mid-March, marking a symbolic turning point in the airline industry’s recovery from the COVID-19 pandemic.
Oct 19, 2020
New British Airways (BA) CEO Sean Doyle has identified crisis recovery as his “absolute priority” during his first keynote address, just one week after being named as Alex Cruz’s successor.
Oct 19, 2020
Aircraft lessor GE Capital Aviation Services (GECAS) and California-based investment-management firm PIMCO are partnering on a new aircraft-investment project, which will initially focus on narrowbodies.