AirlinesGrupo Aeromexico 2Q net income down 73%Grupo Aeromexico reported MXP28 million ($1.5 million) in net income for the 2016 second quarter, down 72.5% from its MXP102 million net profit in the year-ago period. The Mexico flag carrier cited the positive aspect of reduced fuel prices and the negative impact of the Mexican peso’s depreciation against the US dollar as factors behind the second-quarter results.
LinkAir Astana posts 1H net loss of $6.6 millionKazakhstan-based Air Astana reported a 2016 first-half net loss of $6.6 million, reversed from an $8.3 million net profit in the first half of 2015. The airline said the results were driven by a significant devaluation of the Kazakh currency Tenge compared to the first half of 2015, and by weaker regional travel markets in the wake of a commodity price drop.
LinkBritish Airways cabin crew to vote on industrial action British Airways (BA) cabin crew will vote on industrial action in response to a new performance scheme, which has triggered fears of future job losses. About 8,800 BA cabin crew, represented by the British Airlines Stewards and Stewardesses Association (BASSA) section of Unite, are calling for the airline to suspend introduction of the “Dashboard Performance Management” scheme.
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Lufthansa seeks to buy routes from airberlin for EurowingsLufthansa Group is in talks to potentially buy routes from German low-cost carrier (LCC) airberlin, according to a report by German financial newspaper Handelsblatt. If a deal is struck, Lufthansa would hand the routes to its LCC, Eurowings, the paper said. The routes involved would be those outside of airberlin’s Berlin and Düsseldorf hubs.
LinkSriLankan Airlines seeks strategic investorThe Sri Lankan government has called for expressions of interest in the privatization of oneworld member SriLankan Airlines and its low-cost subsidiary, Mihin Lanka. An advert, titled “invitation for expression of interest for the reorientation of SriLankan Airlines and Mihin Lanka,” has been placed in print publications by National Savings Bank subsidiary NSB Fund Management, which is managing the process.
LinkSouthwest connects Long Beach, Las VegasSouthwest Airlines has announced plans to provide travelers with a second route connecting Long Beach, Calif., and Las Vegas. The Las Vegas route is scheduled to start Sept. 18.
LinkUnited Airlines unveils Polaris conceptUnited Airlines has offered an advance glimpse of its Polaris business class service which will be available in December. Polaris includes "personal suites" for travelers, including fully flat seats and a work/dining surface.
LinkUnited to pursue $2B in stock buybacksUnited Continental Holdings has announced stock buybacks totaling $2 billion. The buyback represents almost 13% of the company's market cap.
LinkWizz Air posts 54.2% 1Q profit jumpEastern European low-cost carrier Wizz Air reported a first-quarter net income of €50.7 million ($56 million), up 54.2% from a €32.9 million profit in the year-ago period. Wizz Air CEO József Váradi said the results demonstrate the resilience of the airline’s business model.
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