The Qantas Group achieved record levels of revenue for the first quarter of FY19, up 6.3 per cent compared with the same period last year. Group Unit Revenue (RASK) for the quarter increased by 5.4 per cent compared to…
Long-haul LCC Norwegian Air Shuttle warned that high oil prices and a strong dollar would affect the entire aviation industry as it reported a third-quarter net profit of NOK1.3 billion ($156 million), up 18% compared to NOK1.1 billion in…
American Airlines posted a 2018 third-quarter net profit of $341 million, down 48% from $661 million in the 2017 3Q. The Dallas/Fort Worth-based airline spent $750 million or 42.6% more on fuel in the quarter compared to a year…
The Boeing Company [NYSE: BA] reported third-quarter revenue of $25.1 billion driven by higher defense volume and services growth (Table 1). GAAP earnings per share increased to $4.07 and core earnings per share (non-GAAP)* increased to $3.58 primarily driven…
The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037. The latest update to IATA’s 20-Year Air Passenger Forecast, shows that an increasing shift Eastwards in…
Mexicans will vote Oct. 25 to decide the fate of the new Mexico International Airport (NAIM) project, which has come under fire from the country’s president-elect over construction costs and environmental impacts. Just over one million people—2% of the…
The International Air Transport Association (IATA) has called for urgent action by the UK and the European Union to put in place contingency planning for the continuation of air services in the event of a ‘no-deal Brexit’, and to…
Yesterday Air Canada announced plans to participate in the Winding Tree travel distribution platform. The blockchain network already boasts numerous airlines including Air France-KLM, Lufthansa and subsidiary Eurowings, Swiss Air, Swissport, Brussels Airlines, Austrian Airlines, and Air New Zealand….
Revenue increased to $25.1 billion driven by higher defense and services volume GAAP EPS of $4.07 and core EPS (non-GAAP)* of $3.58 on solid execution across the company Strong operating cash flow of $4.6 billion; repurchased 7.0 million shares…
Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today wrote to President-Elect Andrés Manuel López Obrador voicing support for the continued construction of the New Mexico International Airport (NAIM). In the letter, A4A President…
