SAirGroup has been forced to deny that its interim results will see it move into the red. At the same time, Swissair chief executive Jeff Katz has resigned and Paul Reutlinger has moved from Sabena to head the group's combined French operations. South African Airways boss Coleman Andrews is being tipped as a possible successor to Katz.
Source: Airline Business
Cathay Pacific expects a “strong” showing for the second-half financial results, as it approaches full capacity recovery January next year.
The Star Alliance carrier plans to reach C$30 billion in annual revenue in four years and to exceed that figure by decade’s end.
Canada’s Transat AT reports a profitable fiscal fourth-quarter boosted by a C$34 million ($25 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
