Airlines & Lessors
Dec 28, 2015
The world’s airlines are set to post a collective record net profit of $33 billion for 2015 and are forecast to post another record net profit of $36.3 billion in 2016, according to IATA.
Dec 28, 2015
For an airline whose primary market is tourism, a military junta and terrorist bombings definitely impact the bottom line. While those events have affected Thai Airways’ financial situation, they are not the main problem.
Dec 24, 2015
Global international passenger traffic increased 4.5% year-over-year (YOY) in October, according to IATA’s October Premium Traffic Monitor.
Dec 24, 2015
Baggage fees revenues for US airlines in 3Q 2015 rose 6.2% year-over-year, to $1.02 billion, according to the US Bureau of Transportation Statistics (BTS).
Jul 01, 2020
French airline Corsair is negotiating with potential new investors who could buy the entire 53% stake held by INTRO Aviation, the carrier’s majority…
Jun 30, 2020
The government ministry responsible for South African Airways (SAA) has withdrawn from talks aimed at fostering employee engagement in developing an operating model for a restructured SAA.
Jun 30, 2020
Wizz Air Abu Dhabi (WAAD) has been endorsed as a national carrier of the United Arab Emirates.
Jun 30, 2020
Air Canada will suspend 30 domestic regional routes and close eight stations as it continues to reshape its network to meet reduced demand during the COVID-19 pandemic.
Jun 30, 2020
Cathay Pacific has gained approval from the vast majority of its employees for an unpaid leave program—an important part of the airline’s efforts to reduce short-term costs.
Jun 30, 2020
ULCC Norwegian has issued notice to Boeing of its intention to cancel orders for 92 737 MAX and five 787s, together with the GoldCare service agreements accompanying all of the aircraft.
Jun 30, 2020
India’s government has again delayed an important step in its proposed sale of Air India as the COVID-19 crisis is complicating the bid process.
Jun 29, 2020
United Airlines will resume service between San Francisco and Shanghai on July 8, as it looks to slowly ramp up its large Asia-Pacific network this summer.