AirlinesAmerican 1Q net profit down 23%; MAX grounding to cost $350 million American Airlines reported a 2019 first-quarter net profit of $237 million, down 23%. Strong passenger demand drove a 1.8% year-over-year increase 1Q total revenue, to a first-quarter record $10.6 billion. The Boeing 737 MAX grounding is projected to cost Dallas/Fort Worth-based American about $350 million in full-year income, assuming its current plan to have the aircraft back in revenue service by Aug. 19 holds, the carrier reported.
LinkANA’s profit down 23%; sees record revenue, steady passenger growth Japan’s All Nippon Airways (ANA) recorded a JPY110.7 billion ($998.3 million) profit for FY2018/2019, down 23% from JPY1.97 trillion in FY2017/2018. However, the Star Alliance member saw its highest revenue ever, crossing the JPY2 trillion mark to JPY2.06 trillion, a year-over-year (YOY) increase of 4.4%. ANA’s operating income also continued to grow for the fourth consecutive year to JPY165 billion, up 0.3% YOY.
LinkAlaska Airlines reports flat net income in 1Q on storm disruptions Winter storm-related disruptions and a drop in close-in bookings held Alaska Air Group’s net income flat at $4 million in the 2019 first quarter, the same as the year-ago period.
February storms in the Pacific Northwest forced the Seattle-based carrier—parent of Alaska Airlines and Horizon Air—to cancel 1,100 flights, and reduced 1Q revenue by $15 million, CCO Andrew Harrison said during an April 25 earnings call.
LinkSpirit Airlines posts $56.1 million 1Q profit, lowers 2Q guidance Florida-based LCC Spirit Airlines reported a 2019 first-quarter net income of $56.1 million, reversed from a net loss of $44.9 million in the year-ago quarter.
First-quarter operating expenses were up 3.4% to $768 million. Revenue for the quarter was up 21.5% year-over-year (YOY) to $855.8 million, because of an increase in flight volume, passenger yields and load factor.
LinkUS parent of UK’s Eastern Airways faces bankruptcy UK regional carrier Eastern Airways declined to comment on its future in light of the financial problems facing its parent company, US-based Bristow Group.
The Houston-headquartered helicopter operator is attempting to stave off bankruptcy, having revealed in its preliminary third-quarter FY2019 results Feb. 11 “material weakness” in internal controls over financial reporting.
LinkAir Italy increases focus on Milan Malpensa base Air Italy plans to increase emphasis on its Milan Malpensa hub by altering its domestic timetable to provide more connections there.
Announcing its winter 2019/20 schedules, the carrier said it plans to station aircraft from its narrowbody Boeing 737 fleet in domestic outstations overnight to allow for early morning flights into Malpensa. This will provide optimum timings both for travel to the northern Italian economic center as well as for connections for onward travel.
LinkUnited introduces modernized aircraft livery United Airlines has unveiled a new, modernized aircraft livery that it said will bring a refreshed look to its fleet.
According to the Chicago-based carrier, the next iteration of United’s livery prominently features the color most connected to the airline’s core—blue.
LinkCAAC to OK Shanghai-London flights for Air China, China Eastern Air China and China Eastern Airlines are likely to add flights between Shanghai and London following a notice of intended decisions in their favor by the Civil Aviation Administration of China (CAAC).
The carriers were among five that applied to add a daily service to the route. The others, whose applications have been rejected, were China Southern Airlines, Juneyao Airlines and China Eastern subsidiary Shanghai Airlines.
LinkJazeera Airways swings to profit in 1Q on solid customer base Kuwait-based hybrid carrier Jazeera Airways reported a 2019 first-quarter net profit of KD1.5 million ($4.9 million), reversed from a net loss of KD0.3 million in the year-ago quarter.
The airline cited a growing, solid network and expanding customer base for the results. Turnover was up by 48.4 % to KD21.3 million from KD14.3 million year-over-year (YOY).
LinkSAS cancels 673 flights as pilots go on strike Scandinavian Airlines (SAS) was forced to cancel 673 flights on April 26 as 1,409 SAS pilots went on strike after an agreement could not be reached on predictable working hours and market-based salaries. More than 72,000 passengers were affected.
According to SAS, 70% of domestic, European and long-haul flights were canceled.
LinkAmerican A321neo deliveries slide on Airbus delays American Airlines faces another fleet-related setback to its growth plans this year, as delays at Airbus push delivery of five A321neos into 2020.
The postponed arrivals follow the grounding of the Fort Worth, Texas-based carrier's 24 Boeing 737 Max 8s in March that is expected to last into August, and temporary removal of 14 737-800s due to interior retrofit issues during the first quarter.
LinkPICTURES: Air Mauritius debuts A330neo cabin in London Air Mauritius is to revamp its existing Airbus A340s in line with its new A330neos, the second of which it took delivery of on 25 April.
Delivery of its second A330neo comes a week after Air Mauritius received its first of the type.
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