Airlines & Lessors
Mar 22, 2016
Oman Air recorded a net loss of RO86 million ($223 million) in 2015, a 21.2% improvement over 2014.
Mar 22, 2016
Low-cost carrier (LCC) Norwegian is leasing an additional two new Boeing 787-9s for its growing long-haul operations.
Mar 21, 2016
Russia’s S7 Airlines increased domestic traffic 25.2% in February.
Mar 21, 2016
Fastjet shareholder Stelios Haji-Ioannou has accused the African carrier of being in breach of its brand license, deepening the rift with airline management.
Mar 18, 2016
Lufthansa Cargo (LHC) reported earnings (adjusted EBIT) of €74 million ($81 million) for 2015, down 40% compared to €123 million in 2014.
Sep 29, 2020
Liquidators acting for state-owned South African regional airline SA Express have selected a ZAR50 million ($3 million) bid for the airline, led by a group of five former SA Express employees.
Sep 29, 2020
IATA is now forecasting a slower than expected recovery of air travel for 2020 and into 2021, highlighting the need for further financial assistance from governments and urging the introduction of broad testing that would allow a quick reopening of borders.
Sep 29, 2020
Singapore Airlines (SIA) is opening the doors to its training center and offering an A380 dining experience under the banner “discover your Singapore Airlines” as it searches for alternate revenue streams.
Sep 29, 2020
Delta Air Lines will retire its Boeing 717s by the end of 2025 and speed up planned removals of its 767-300s and Bombardier CRJ-200s, parking the remainder of those-in service fleets by the end of 2025 and 2023, respectively.
Sep 29, 2020
Swiss International Air Lines CEO Thomas Klühr is to leave the Lufthansa subsidiary at the end of 2020 after some five years in Zürich and more than 30 years within the Lufthansa Group.
Sep 28, 2020
Air fares between major northern and southern European markets have been tracking 15% lower for the September to December period, according to…
Sep 28, 2020
Pilots at United Airlines ratified a deal that would avoid planned furloughs in the next several months, pushing off any possible involuntary actions until mid-2021 if the U.S. Congress does not provide additional support for the country’s airline industry.
Sep 28, 2020
A combination of exceptional items, namely the COVID-19 pandemic, the continuing diplomatic row with surrounding nations, new accountancy standards and the failure of one of its airline investments, helped push Qatar Airways Group to a net loss of QAR 7 billion ($1.9 billion) for the 2019-20 financial year.