AirlinesAmerican Airlines posts $7.6 billion 2015 net profitAmerican Airlines reported a net profit of $7.61 billion for the full-year 2015, well more than double net income of $2.88 billion in 2014. Excluding special items that included a $3 billion non-cash benefit related to tax valuation, American earned a net profit of $6.3 billion in 2015, up 50% over net income of $4.2 billion excluding special items in 2014. “It’s hard to imagine that just two years ago American Airlines was just emerging from bankruptcy,” chairman and CEO Doug Parker told analysts and reporters.
LinkAmerican Airlines making progress on repainting planesAmerican Airlines announced that 64% of its fleet, including former US Airways aircraft, has been painted with its new livery. "The only aircraft that won't get paint jobs are those delivered in the new livery and the older aircraft that we'll retire over the next several years," American told employees in a newsletter.
LinkANA confirms order for three A380sJapan's ANA Holdings has confirmed it will purchase three Airbus A380s, powered by Rolls-Royce Trent 900 engines, in a deal worth more than $1 billion. Earlier this month, the carrier said it could not confirm a deal for the three aircraft, which are believed to be three A380s repossessed from low-cost carrier Skymark Airlines following the latter's payment default and bankruptcy.
LinkJazeera Airways Eyes Long-Haul VentureKuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways. Jazeera Chairman Marwan Boodai told Reuters news agency he would still prefer a stake in loss-making Kuwait Airways, but that he was preparing an alternative strategy.
LinkJetBlue Airways reports strong Q4 profitJetBlue Airways reported a profit of $190 million in the fourth quarter, up from $88 million in the same quarter of 2014. "We posted another strong quarter, producing above industry average revenue performance and running a safe and reliable operation," CEO Robin Hayes said in a statement.
LinkLOT Polish Airlines appoints new managementLOT Polish Airlines’ supervisory board has made management changes. The board has appointed Rafal Milczarski as chairman and Borys Buta as COO and board member. Milczarski co-founded the Baltic Rail, one of the first private cargo railway carriers in Poland. He also founded freight rail carrier Freightliner PL, and was founder and former CEO of Freightliner DE, a German subsidiary of Freightliner PL
LinkEgyptAir Mechanic Suspected In Russian Plane CrashAn EgyptAir mechanic whose cousin joined Islamic State in Syria is suspected of planting a bomb on a Russian passenger plane that was blown out of Egypt's skies in late October. So far Egypt has publicly said it has found no evidence that the MetroJet flight, which crashed in the Sinai Peninsula after takeoff from Sharm el-Sheikh airport, killing all 224 people on board, was brought down by terrorism.
LinkSWISS takes delivery of first 777-300ERLufthansa Group subsidiary Swiss International Air Lines (SWISS) has taken delivery of the first of nine Boeing 777-300ERs in Zurich. By August, six 777s should be in service, with three more expected by 2018. The aircraft will be used to replace some of the carrier’s 15 Airbus A340-300s.
LinkThai Airways to sell assets, defer aircraft deliveriesThai flag carrier Thai Airways will pursue a far-reaching cost-cutting program from 1Q2016 to realize up to THB1billion ($28 million) in savings. Thai management said it would seek to defer deliveries of up to some 14 aircraft on order from Airbus and Boeing, including four purchased and eight leased Airbus A350 XWBs, and the remainder of its eight-strong 787 order.
LinkUnited to launch first direct US-Singapore flights since 2013United Airlines plans to revive a direct link between the US and Singapore when it launches San Francisco-Singapore Boeing 787-9 flights on June 1. The daily service, subject to regulatory approval, will be the first direct route flown by an airline between any US city and Singapore since Singapore Airlines dropped its flights from Singapore to Newark and Los Angeles in 2013 when it retired its Airbus A340-500 fleet.
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