Aeroflot Group’s net profit for the third quarter (3Q) reached RUB27.7 billion ($422.4 million), up 14.2% as the airline group implemented cost controls in the wake of high fuel costs and currency pressure seen through the year.
Falling fuel prices could trigger a small increase in near-term capacity but not major network additions at United Airlines, in part because of the airline’s success in passing through costs during fuel’s price rise, a top executive said.
Indigo Partners, a US private equity firm that specializes in ultra-LCCs, has emerged as a potential new investor in WOW Air, dramatically changing the fortunes of the Icelandic LCC in the same week that an acquisition attempt by Icelandair collapsed.
A preliminary report on the Oct. 29 crash of Lion Air flight 610 (JT610) confirms the accident aircraft, a Boeing 737 MAX 8, was not airworthy on at least its last two flights, spotlighting gaps in the airline’s maintenance practices and safety culture.
While airlines and airports have stepped up their cybersecurity efforts in recent years, a shortage of resources, skills and funding is holding back efforts at enhancing protection from cyberattacks in the aviation sector, according to SITA's report, “Air Transport Cybersecurity Insights 2018.”
The AirAsia Group saw its net profit nearly double in the third quarter thanks to one-off items, but operating profit dropped significantly mainly because of rising fuel costs.
Icelandair Group has abandoned plans to take over fellow Icelandic carrier WOW Air. The decision to scrap the deal was made after it became clear that Icelandair could not fulfill the necessary conditions of the share purchase agreement for WOW before a Nov. 30 group shareholders’ meeting.
Air traffic management organizations should embrace new technologies to safely manage growing air traffic, the Civil Air Navigation Services Organization (CANSO) said at its annual safety conference.
The US and UK have agreed an Open Skies pact that will allow them to continue liberalized air services after the UK leaves the European Union (EU) in March 2019.
Hawaiian Airlines and New York-based JetBlue Airways have expanded their codeshare agreement through Hawaiian’s new nonstop service between Honolulu and Boston to be offered next year.
UK regional carrier flybe has accused maintenance provider Monarch Aircraft Engineering Limited (MAEL) of breach of contract by withdrawing its services.
JetBlue Airways is opposing a request by Delta Air Lines, Virgin Atlantic and Air France-KLM seeking antitrust immunity (ATI) from the US Department of Transportation (DOT) for a new transatlantic joint venture (JV).
Russia’s S7 Training, a part of S7 Group, has introduced an Embraer E170 full flight simulator (FFS) from FlightSafety International, the company said Nov. 27.
Greek carrier Aegean Airlines reported a net profit of €80.9 million ($94 million) for the first nine months of 2018, up 13% from a €71.7 million net profit in the year-ago period.
IATA CEO and DG Alexandre de Juniac called on African governments to lower taxes and fees on aviation, calling the continent “an expensive place for airlines to do business.”
