AirlinesAegean Airlines lifted by $84 million 3Q net income Aegean Airlines reported a third-quarter net income of €74.9 million ($84 million), up 11.6% from €67.1 million in 3Q 2015. The Greek carrier has quickly rebounded after slipping into the red in the first half of 2016, with a 1H net loss of €23.7 million, reversed from a net profit of €14.8 million in the year-ago half.
LinkAerolineas to phase out A340s by end-2018Aerolineas Argentinas plans to phase out its fuel-guzzling Airbus A340s by end-2018 as the airline continues to work towards financial profitability under the ownership of a new government. The SkyTeam carrier still operates four A340s, and is evaluating a replacement for the aircraft type, Aerolineas chief executive Isela Costantini tells FlightGlobal on the sidelines of the ALTA Airline Leaders Forum in Mexico City.
LinkAeromar orders ATR -600 series aircraftMexico City-based Aeromar has signed an order for eight firm ATR -600 series aircraft, comprising six 72-600s and two 42-600s, plus options for six additional 72-600s. The first of the new -600s will arrive in December 2016. The ATR -600s are equipped with Pratt & Whitney Canada PW 127M engines.
LinkAirBaltic to launch Bombardier CSeries 300 service Dec. 14 Latvian carrier airBaltic has confirmed the first Bombardier CSeries 300 (CS300) will make its commercial debut between Riga and Amsterdam Dec. 14. “The historic first airBaltic commercial flight with Bombardier CS300 will link Riga with Amsterdam,” airBaltic CEO Martin Gauss said.
LinkAirBridgeCargo volume up 30% in OctoberRussia´s AirBridgeCargo Airlines (ABC), a member of Volga-Dnepr Group, carried 57,608 tonnes of cargo in October, up 30% year-over-year (YOY). During January-October, the airline carried 498,177 tonnes across its international route network, up 29% YOY. In 2015, ABC’s carried volume reached 483,000 tonnes.
LinkAvianca chief prefers JV for strategic partnerLatin American airline group Avianca would prefer a desired strategic partnership to take the form of a joint venture, although the airline is also open to a capital investment, says chief executive Hernan Rincon. A joint venture will ideally allow Avianca and its partnering airline to jointly procure aircraft to achieve better prices from the airframers, he tells FlightGlobal on the sidelines of the ALTA Leaders Forum in Mexico City.
LinkLufthansa faces new pilot strike threatLufthansa has reacted strongly to a fresh threat of strike action from the Vereinigung Cockpit (VC) union, labeling it as “absolutely incomprehensible.” The German carrier, which has proposed a 2.5% pay increase, is calling for further talks with the union to avoid a walkout. VC said it is demanding a 3.66% average pay increase per year.
LinkNok Air widens 3Q lossThailand low-cost carrier (LCC) Nok Air reported a consolidated third-quarter net loss of THB1.1 billion ($30.2 million), deepened from a loss of THB652.6 million in the same period last year. Third-quarter passenger revenue was up 4.3% year-over-year, mostly because of the LCC’s international network expansion. However, in the much larger domestic operation, revenue fell 7% “to fit the existing pilot capacity,” the airline said. The overall revenue increase was lower than expected.
LinkSpring Airlines net profit falls 26% in 3QShanghai-based Spring Airlines posted a third-quarter net profit of CNY429.5 million ($64.4 million), down 26.3% over a net income of CNY582.8 million in the year-ago quarter. Third-quarter operating revenue increased 9.7% to CNY2.6 billion while operating expenses grew 20.6% year-over-year (YOY) to CNY2.2 billion in the quarter.
LinkSouthwest Airlines begins Cuba flightsDallas-based Southwest Airlines began scheduled commercial flights to Cuba Nov. 13 with the launch of 2X-daily service between Fort Lauderdale-Hollywood International (FLL) and Varadero, Cuba, a resort city 87 miles east of Havana. “Our employees have worked hard to open this route and a new chapter for people who want to connect with Cuba in ways that matter most to them,” Southwest VP-ground operations Steve Goldberg said.
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