Brazilian airline Azul’s Q3 profit drops on oil prices, currency
Brazilian airline Azul SA posted on Thursady a 42 percent drop in third-quarter profit to 117 million reais ($31.32 million), due to higher fuel prices and a depreciating local currency. The results missed a Refinitiv IBES estimate that put Azul’s quarterly profit at $37 million. Azul’s revenue grew by 21 percent in the period. However, […]
Air Canada posts 3Q net income decline, revenue record
Air Canada reported an adjusted net income of C$516 million ($393 million) for the third quarter (3Q), down 39% from a restated adjusted net income of C$922 for the year-ago quarter. The Canadian flag carrier’s 3Q unadjusted net income was C$645 million, compared to $1.7 billion a year ago, when the airline received a net […]
American Airlines bullish on future as 3Q profit drops 48%
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 ago. Its operating profit (excluding special items) dropped from, $1.17 billion to $688 million, a reduction […]
Ryanair profits hit by strikes and higher fuel costs
Strikes by air traffic controllers and Ryanair pilots and cabin crew have contributed to a slide in half-year profits over the summer. The airline reported a 7% fall in profits to €1.2bn (£1.06bn) for the six months to 30 September. Profits were also hit by higher fuel costs and what Michael O’Leary called «the worst […]
Fuel prices to crimp airline profitability: AAPA
Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman says rising oil prices are expected to hit airline profitability as heavy competition limits carriers’ ability to lift ticket prices. While airlines in the region, and indeed globally, are still forecast to post healthy profits for the period ahead, Herdman expects the overall picture to […]
JetBlue, United Airlines Tout Focus on Renewables with Major Announcements
With an aviation industry-wide goal to cap net greenhouse gas growth from 2020 onward, renewable jet fuel is a key aspect of some airlines’ sustainability strategies, and two big announcements this week underscored that fact. United Airlines plans to reduce greenhouse gas emissions by 50% by 2050, while JetBlue will be receiving its five new […]
Airline fuel efficiency improves but lags industry goals: study
Airline fuel efficiency on transatlantic flights has improved by one percent a year since 2014 as carriers buy modern planes, but the industry still lags its own climate goals, a study released on Wednesday said. The industry’s average fuel efficiency improved to 34 passenger kilometers per liter of fuel from 33 between 2014 and 2017 […]
IATA: Rising fuel costs a worry
Air travel demand remains robust, but airlines face increases of around 27% in fuel costs this year compared with 2017,according to performance data for May, compiled by International Air Transport Association. Rising fuel costs are negating the stimulus from lower fares, which could slow passenger traffic demand. Global passenger traffic results for May showed demand […]
IAG confía en la liberalización del transporte aéreo para sortear el brexit
El presidente de IAG, Antonio Vázquez, ha reafirmado esta mañana ante la junta de accionistas su convicción sobre el hecho de que Reino Unido y la Unión Europea «llegarán a un acuerdo de liberalización integral del transporte aéreo». Para el grupo de aerolíneas propietario de British Airways el brexit, y el posible aislamiento de las […]
Lufthansa Group sets new fuel efficiency record
The Lufthansa Group has set a new fuel efficiency record. In 2017, the aircraft of the passenger fleets required an average of just 3.68 liters (.972 gal) of kerosene to transport a passenger 100 kilometers (62 miles) , 2016: 3.85 l (.972 gal) / 100 pkm (62 miles). This represents an improvement of 4.5 percent […]
