AirlinesAlaska Air Group beats Street with Q3 profitAlaska Air Group reported net income of $198 million for the third quarter, or $1.45 profit per share. Analysts had predicted Alaska would report $1.41 profit per share for the quarter.
LinkAlaska Airlines to boost service from San Diego to HawaiiAlaska Airlines will grow to 16 destinations from San Diego, announcing on Wednesday it would add a nonstop route to Kona on the "Big Island" of Hawaii. Beginning March 5, Alaska Airlines will begin flying three nonstop flights a week between the cities on Boeing 737 aircraft. The new route comes as Alaska Airlines has beefed up its presence in recent years at both San Diego and Kona.
LinkAmerican shares lifted by Q3 resultsAmerican Airlines shares rose 1.3% in pre-market trading today on a positive third-quarter earnings report. The carrier reported $942 million in net earnings for the quarter.
LinkCSA To Get Korean Air Capital BoostCSA Czech Airlines has received a commitment for financial support from its biggest shareholder Korean Air and from the Czech state. The Czech carrier said that Korean Air's support was contingent upon a restructuring plan, the latest attempt to reverse losses that have dogged it since a failed expansion attempt a decade ago. The company has steadily sold assets and shrunk its fleet and workforce, and in September announced it would reduce its staff, including pilots, by a third. "The CSA board received a decision by Korean Air to financially contribute to CSA's stabilization and also a proposal for a contribution to its capital," it said.
LinkJetBlue Airways reports profitable Q3JetBlue Airways posted a net profit of $79 million for the third quarter, an 11% increase on a year-over-year basis. Operating revenue at the carrier also increased 6% to $1.53 billion for the quarter as JetBlue boosted its load factor.
LinkKunming Airlines commits to 10 737sKunming Airlines has inked an agreement for the purchase of 10 Boeing 737s, in a deal worth $897 million at list prices. The commitment, which is subject to the approval of the Chinese government, is for six 737 Max and four of the current generation 737-700 aircraft. The delivery schedule of the aircraft was not disclosed. “This commitment is a major step in our growth strategy,” says Kunming Airlines chief executive Xuan Yuen.
LinkSingapore Still Going Down LCC Route With TigerSingapore Airlines is injecting more cash into Tiger Airways, illustrating its resolve to persevere in the low-cost segment after the budget affiliate bowed out of three regional markets. The flag carrier plans to have Tigerair cooperate more closely with its medium- and long-haul budget airline Scoot, people familiar with the company's strategy said. The aim is for a resource-sharing relationship akin to that SIA has with premium regional subsidiary SilkAir.
LinkS.Africa Would Consider Strategic Partner For SAASouth Africa would consider a strategic partner for struggling state-run airline SAA, the minister of public enterprises said, as the government looks for spending cuts. South African Airways, which has received two government bailouts totaling ZAR10 billion rand (USD$910 million), was recently rebuffed for another cash injection. "Will we look at a strategic partner? I think so. I would like them to investigate going for a strategic partner," Lynne Brown told reporters in response to a question over an equity partner for SAA.
LinkSouthwest Airlines reports strong Q3 resultsSouthwest Airlines reported net income of $329 million for the third quarter, a 27% increase on a year-over-year basis. Southwest also posted revenue of $4.80 billion for the quarter, buoyed by lower fuel costs and other factors.
LinkSouthwest, union reach tentative deal on 4-year contractSouthwest Airlines and the union representing about 6,000 customer service agents and customer support and services representatives said Wednesday that their negotiators have reached a tentative agreement. The deal, which must be approved by the International Association of Machinists and Aerospace Workers-represented employees, is the first labor deal reached by the Dallas-based airline out of a number of seven contracts currently in negotiations. “After more than two years of negotiations, with many distractions and ups and downs, your negotiating committee has reached a tentative agreement with the Company,” IAM District Lodge 142 president and general chairman David Supplee said in a message to members. “Without your solidarity and support, this would not have been possible.”
LinkUnited Continental reports huge increase in Q3 profitUnited Continental Holdings reported net income of $924 million for the quarter, compared to $379 million for the same quarter last year. The 144% increase in profit year-over-year was achieved partly through lower operating costs.
Link 
