Alaska Air Group, Inc., reported third quarter 2015 GAAP net income of $274 million, or $2.14 per diluted share, compared to $198 million, or $1.45 per diluted share in the third quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments of $5 million ($3 million after tax, or $0.02 per diluted share), the company reported record adjusted net income of $277 million, or $2.16...
No aircraft, no staff and no licence to fly. The wind-up of Jetstar Hong Kong is all but complete. The failed venture has sold all its Airbus A320s and made most of its staff redundant after the three major shareholders cut off any further funding of the proposed airline in response to the Hong Kong government’s rejection of its application for an operating licence. Qantas chief execut...
Qantas is expecting to deliver a bumper 2015/16 first half profit as the airline group benefits from lower fuel prices and its cost-cutting initiatives amid modest capacity growth in both the domestic and international market and a mixed Australian economy. The positive outlook statement was provided to shareholders by Qantas chief executive Alan Joyce at the airline group’s annual genera...
Boeing Co said on Thursday it booked 20 firm orders for its 737 MAX single-aisle aircraft from Oman Air SAOC, an order that nearly doubles the airline's 737 fleet. Oman Air's order includes conversions of six 737 NG planes to 737 MAX jets, for a net gain of 14 in Boeing's order book. Boeing and rival Airbus are battling for market share in the large single-aisle market. Boei...
United Airlines on Thursday tried to dismiss concerns that executive shake-ups have left an amateur team running its business, promising better service for travelers and moderate expansion in 2016 for investors worried about weak demand. Shares of parent United Continental Holdings Inc. rose more than 2 percent after it forecast a pre-tax profit margin of up to 11.5 percent in the fourth q...
China's aviation regulator said it will withhold approvals of new air routes, chartered services and additional flights at Shanghai Pudong International Airport (PVG), Hangzhou Xiaoshan International Airport (HGH) and Tianjin Binhai International Airport (TSN) for October, due to major flight delays in August 2015. According to data released by the Civil Aviation Administration of Chin...
A Swiss man was jailed for 30 days on Thursday after admitting to molesting three attendants on a Cathay Pacific flight. Rolf Rimann, 46, pressed the lower part of his body against flight attendant X and touched flight attendant Y's buttock when he was flying from Zurich to Hong Kong in September, Tsuen Wan Court heard. After molesting the two, Rimann grabbed the waist of a third flight...
China's first home-made C919 prototype aircraft will official roll off the final assembly line at COMAC's Shanghai factory on November 2 and show to the world, people familiar with the plan said Wednesday in Nanjing. According to the new plan, the C919 could make its first test flight in Shanghai around the third quarter of 2017, with probability of another delay in 2017, said Wang...
Airbus acknowledged eight suppliers’ outstanding contribution and presented them with Best in Class 2015 Partner Awards. The awards, split into three categories - Best Performer, Innovation and Support - distinguish the outstanding contributions from the selected partners in the areas of aerostructure and material, systems & equipment - cabin and propulsion and general procurement. Th...
Japan Airlines (JAL) announced today that it will be serving Champagne Salon 2004 in First Class on all international routes from November 16, 2015, which is in advance of Champagne Salon's own global distribution planned to start from next spring. Japan Airlines has been offering Champagne Salon to its First Class customers since December 2007, and JAL is the only airline in the world...
The Transportation Department threatened legal action Thursday against Kuwait Airways for refusing to sell tickets to Israelis. The department ordered the airline to "cease and desist from refusing to transport Israeli citizens between the U.S. and any third country where they are allowed to disembark," according to a letter from Blane Workie, the department's assistant gener...
The European Commission has released an action plan, prepared by the European Aviation Safety Agency (EASA), aimed at tackling issues raised by the Germanwings accident on March 24. The Germanwings A320 was on a scheduled flight from Barcelona to Düsseldorf when it crashed, killing all 150 people aboard. A preliminary report on the crash by the French air accident investigation agency...
