All Airlines articles – Page 53
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News
LATAM posts Q2 profit of $145m as it expands its network
Chile’s LATAM Airlines Group posted a $145 million profit for the second quarter, as it strengthened its network and diversified revenue streams.
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Allegiant posts $89m Q2 profit, reports delayed 737 Max deliveries
Allegiant Travel Company, parent of Allegiant Air, reports making a profit of $88.5 million in the second quarter “in the face of high demand and operational complexity”.
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Surf completes acquisition of Southern, orders up to 150 Cessna Grand Caravans
Surf Air Mobility has completed its acquisition of US regional carrier Southern Airways, and now turns attention to its fleet expansion and electrification plans.
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Garuda swings to half-year operating loss of $110 million
Indonesian carrier Garuda swung to operating loss of $110 million in the first six months of 2023, despite a surge in revenue.
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Frontier navigates weather, ATC issues and long-haul competition to Q2 profit
Frontier Airlines on 1 August reports a $71 million second-quarter profit amid competition from international long-haul flights and ongoing operational difficulties.
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JetBlue posts profitable Q2 amid operational struggles, breakup with American
US low-cost carrier JetBlue Airways reports a second-quarter profit of $138 million – compared with a $188 million loss last year – while the carrier struggles operationally and works to unwind its alliance with American Airlines.
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News
JetBlue’s operational struggles in Northeast contribute to gloomy Q3 revenue outlook
Flight disruptions related to summertime thunderstorms and air traffic control worker shortages at major airports in the Northeast USA have been “much, much worse” than anticipated by JetBlue Airways.
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News
Shimmy dampers examined after Red Air MD-82 gear collapse
US investigators have been scrutinising shimmy damper mechanisms from a Red Air Boeing MD-82 which suffered a main landing-gear collapse and runway excursion after touching down at Miami. The aircraft – arriving from Santo Domingo on 21 June last year – touched down on runway 09 but, some 1,300ft into ...
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Akasa clears international flight threshold after taking Asia’s first Max 8-200
Ambitious Indian low-cost carrier Akasa Air has become the first Asia-Pacific operator to take delivery of a higher-density 737 Max.
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Nordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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US DOT suspends review of Allegiant-Viva Aerobus joint venture
The US Department of Transportation (DOT) has suspended its review of a joint venture between ultra low-cost carrier (ULCC) Allegiant Air and Mexico’s Viva Aerobus, putting a wrench in the carriers’ already-delayed plans for expansion in each others’ home markets.
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Canada Jetlines takes delivery of third Airbus A320, plans 15-strong fleet
North American ultra-low-cost carrier Canada Jetlines has taken delivery of its third Airbus A320, which it hails as a “significant milestone” in its fleet-growth strategy.
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US judge dismisses Go First suit against Pratt after arbitrator changes terms
A US judge has tossed out Go First’s lawsuit against Pratt & Whitney (P&W) after a Singapore arbitration body overturned an earlier order.
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Bermudair requests ‘immediate action’ from US DOT to launch operations
Start-up regional carrier Bermudair has received an air operator certificate from the Bermuda Civil Aviation Authority, taking it one step closer to launching operations to the East Coast of the USA.
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Airline Business
Challenges remain despite Air France-KLM's steady post-pandemic progress
While there remain plenty of pressures and potential pitfalls ahead, a doubling of profits in the second quarter underlined the steady progress Air France-KLM is making in its recovery out of the pandemic.
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Air France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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Air France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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AirAsia India cleared to operate under Air India Express brand
Indian low-cost carrier AirAsia India has received clearance to operate flights under the Air India Express branding, as the consolidation of the Tata Group’s airline businesses continues.
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Qantas, IndiGo, Air India add to international networks
Qantas, IndiGo, and Air India are all adding to their international networks, while Singapore and Japan are working towards greener air travel between the two countries.
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Southwest profitable in Q2 but network ‘not optimised’: CEO
Southwest Airlines on 27 July reported a second-quarter profit of $683 million based on “continued strong demand” from leisure travellers, but has struggled to attract business travellers during its recovery.