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IAG Group CEO, Willie Walsh Announces Retirement, Iberia CEO Luis Gallego to Take Top Job
On Thursday, International Airlines Group (IAG) announced the retirement of CEO Willie Walsh. Mr Walsh will step down as CEO on March...
Jan 9, 20202 min read
Atlas Air Worldwide Signs 747-400 Freighter ACMI Deal With EL AL
Atlas Air Worldwide announced Tuesday that they have secured an ACMI (aircraft, crew, maintenance and Insurance) deal with EL AL Israel...
Jan 7, 20202 min read
American Airlines to Share Boeing 737 MAX Settlement Funds With Team Members
American Airlines announced Monday that after reaching a confidential settlement with Boeing for 2019 financial damages related to the...
Jan 6, 20201 min read
Alaska Air Group Announces Retirement of Longtime CFO Brandon Pederson
The Alaska Air Group announced on Monday that Brandon Pederson, who has been their Chief Financial Officer since 2010, will retire on...
Jan 6, 20202 min read
Asiana Acquired by South Korean Construction Firm HDC Hyundai Development for US$2.2B
Channel News Asia (CNA) reported Friday that Asiana, South Korea’s second largest carrier, has been acquired by a consortium led by the...
Dec 27, 20191 min read
Dennis Muilenburg Steps Down From Top Job at Boeing, Chairman David Calhoun Named President & CEO
After one of the most tumultuous years in the company’s history, Boeing announced Monday that Dennis A. Muilenburg has resigned as Chief...
Dec 23, 20192 min read
Atlas Air Worldwide’s Titan Aircraft Leasing Unit to Receive Investment from Bain Capital Credit
Atlas Air Worldwide division Titan Aircraft Leasing announced a new long-term joint venture with Bain Capital Credit to develop a...
Dec 22, 20192 min read
Air Transat Reports Q4 and Full Year Earnings, Expects Acquisition by Air Canada to Close in Q2 2020
On Thursday, Air Transat reported fourth quarter revenue of $693.2M, with an adjusted net income of $27.2M. For the full year, the...
Dec 14, 20192 min read
Wizz Air to Launch 'Wizz Air Abu Dhabi' in Partnership With Abu Dhabi Development Holding Company
Wizz Air announced on Thursday that it has reached an agreement with the Abu Dhabi Development Holding Company to establish a local...
Dec 13, 20193 min read
Southwest Airlines Shares the ‘LUV’ With Employees, Carrier to Distribute Boeing Settlement Funds
Southwest Airlines announced Thursday that they would share settlement funds related to the Boeing 737 MAX with their employees. Although..
Dec 12, 20192 min read
WestJet Acquisition by the Onex Group Has Been Completed
WestJet announced on Wednesday that the airline’s acquisition by the Onex Group has been completed after final approval from the Canadian...
Dec 11, 20192 min read
Avianca Holdings Secures $375 Million in New Financing, Completes Restructuring Milestone
Avianca announced on Monday that they have made substantial progress in restructuring their debt and lease obligations. United Airlines...
Dec 11, 20193 min read
SAS Reports Strong Fourth Quarter Finish, Disappointing Full-Year Earnings
On Thursday, SAS reported a strong fourth quarter, but disappointing earnings for the full fiscal year. Weaker earnings are largely...
Dec 5, 20192 min read
United Airlines Announces 2020 Leadership Changes, Scott Kirby to Become CEO
United Airlines announced Thursday that CEO Oscar Munoz will transition to Executive Chairman of the Board, while company President...
Dec 5, 20192 min read
Hong Kong Airlines Faces Uncertain Future as Long-Haul Routes Are Cut, Airline Misses Payroll
Amid continued civil unrest, Hong Kong Airlines reported Friday that long-haul service to Vancouver, Ho Chi Minh City and Tianjin would be..
Nov 30, 20192 min read
Norwegian Air’s Board of Directors Appoints Jacob Schram as New CEO
Norwegian Air announced Tuesday that Jacob Schram has been appointed as the company’s new Chief Executive Officer, starting January 2020.
Nov 20, 20193 min read
LATAM Reports Operating Income of $269M on Revenue of $2.67B
Santiago, Chile-based carrier LATAM reported a 21.8% improvement in operating income on Tuesday for the third quarter 2019. Operating...
Nov 13, 20192 min read
Azul Reports Third Quarter Earnings of R$559 Million on Revenue of R$3 Billion
On Thursday, São Paulo based Azul reported a 30% increase in operating income to R$559 versus the third quarter of 2018. Operating...
Nov 11, 20192 min read
Lufthansa Group Reports Adjusted Third Quarter EBIT of €1.3B on Revenue of €10.2B
On Thursday, the Lufthansa Group announced third quarter earnings of €1.3B versus €1.4B in Q3 2018, a slight decline attributable to...
Nov 7, 20192 min read
Austrian Airlines Announces Major Realignment Amid Competition From a “Glut” of Low-Cost Carriers
Austrian Airlines announced Thursday that they would realign their operations in order to better compete with the influx of budget...
Nov 7, 20192 min read
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