Alitalia adopting low-cost model for short-haul flights

Struggling Italian flag carrier Alitalia unveiled a business plan Thursday that it expects will return the airline to profitability by 2019. The plan calls for a 1 billion euro reduction in costs by 2019 through staffing and other operating cuts. The carrier also expects a 30%, or 800 million euro, increase in revenue by 2019. […]

Avianca holdings S.A. holds no interest in Avianca Argentina

In response to some news versions that associate Avianca Holdings S.A. with Avianca Argentina, the company would like to clarify that Avian Lineas Aereas S.A., commercially known as Avianca Argentina, is an investment of Synergy Group, which holds no interest in Avianca Holdings S.A. Following this statement, it is important to clarify that: · Avianca […]

Passenger Demand Growth Hits Five-Year Peak in January

The International Air Transport Association (IATA) announced global passenger traffic results for January 2017 showing demand (revenue passenger kilometers or RPKs) rose 9.6% compared to January 2016. This was the strongest increase in more than five years. Results were positively affected by traffic associated with the Lunar New Year celebrations, which occurred in January this […]

American, United airlines launch cheaper "˜basic economy"™ fares

American and United have started selling cheaper "basic economy" fares as they battle discount airlines for the most budget-conscious travelers. American announced early Tuesday that it began selling the new fares for flights starting March 1 on 10 different routes from its hub airports in Dallas, Miami, Philadelphia and Charlotte, North Carolina. United followed suit […]

Air Canada Reports 2016 Annual Results

Air Canada today reported record full year 2016 EBITDAR(1) (earnings before interest, taxes, depreciation, amortization and aircraft rent), excluding special items, of $2.768 billion, compared to the previous record of $2.542 billion recorded in 2015, an increase of $226 million or 8.9 per cent and surpassing the 6 to 8 per cent increase projected in […]

SAS takes delivery of its first A320neo

Scandinavian Airlines (SAS), has taken delivery of its first of 30 A320neo aircraft ordered, becoming the first Arline in Scandinavia to operate the world"™s most fuel efficient single aisle aircraft. SAS ordered the A320neo as part of its strategy to modernize its fleet with more fuel-efficient aircraft, reducing environmental impact such as emissions and aircraft […]