All Airlines articles – Page 118
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NewsKorean Air operating profit powers ahead on strong revenue growth
Korean Air saw its operating profit in the second quarter of its 2022 financial year nearly quadruple to W736 billion ($569 million).
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NewsCanada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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NewsAtlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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NewsApollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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NewsIndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
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NewsRussian government hands out subsidies to support beleaguered carriers and airports
Russia’s federal aviation regulator has outlined the scale of subsidies paid to support the country’s air transport industry following the introduction of international sanctions resulting from the Ukrainian conflict. Rosaviatsia is implementing four support schemes with a budget of over Rb125 billion ($2 billion). Thirty-two airlines have received a combined ...
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NewsIndiGo sharply narrows net loss on soaring revenues
Indian low-cost carrier IndiGo sharply narrowed its first quarter net loss to INR10.6 billion ($134 million), from a net loss of INR31.7 billion in the first quarter of its 2023 financial year.
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NewsAllegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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NewsCopa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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NewsUS DOT proposes new customer protections for air travellers
The US Department of Transportation (DOT) is proposing strong new consumer protections for airline customers travelling with both domestic and foreign carriers on scheduled service from, to or within the USA.
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NewsAmerican Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.
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NewsAir China to raise CNY15 billion for 22 new aircraft
Air China will raise up to CNY15 billion ($2.2 billion) through a non-public share issuance, with the bulk of funds intended to fund the purchase of 22 new aircraft.
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NewsGaruda removes CRJ1000s, sole 737 Max from fleet
Garuda Indonesia is to return its Bombardier CRJ1000s to lessors, as part of a fleet rationalisation strategy that will see the carrier operate between 60 and 70 aircraft by year-end – lower than earlier estimates.
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NewsJetBlue Q2 revenue and costs rise, plans to integrate Spirit underway
JetBlue Airways boosted revenue in the second quarter of 2022 and has begun making preparations to swallow its newest prize, ultra-low-cost carrier Spirit Airlines.
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NewsAir Canada Q2 revenue surges as it experiences rapid ramp-up
Air Canada slashed its quarterly loss as travel demand soared, and the company experienced “one of the steepest ramp-ups compared to any other airline in the western world”.
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NewsRex expands jet fleet, eyes profitability following ‘sterling’ July performance
Australia’s Regional Express is to acquire at least three more jet aircraft by year-end, as the airline discloses “sterling” operational performance in July, the start of the new financial year.
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NewsJAL eyes imminent return to profitability as losses continue to narrow
Japan Airlines expects to swing back to the black by the quarter ending 30 September, as passenger travel and cargo segments continue to recover.
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NewsTravel resurgence helps ANA sharply narrow operating loss
All Nippon Airways parent ANA Holdings sharply narrowed its operating loss in the first quarter of its 2022 financial year.
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NewsVietnam’s Bamboo names new chief executive
Vietnamese carrier Bamboo Airways has appointed a new chief executive following the departure of founding chief executive Dang Tat Thang.
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NewsAustralia’s Bonza takes delivery of first 737 Max 8
Australian low-cost startup Bonza has taken delivery of its first Boeing 737 Max 8 narrowbody, setting the stage for a possible commencement of services in late September.