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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
Ryanair Announces Flat Half Year Profit of €1.15B
On Monday, Ryanair announced a half-year unchanged profit of €1.15B on an 11% revenue increase to €5.39B. Earnings per share (EPS) increase
Nov 4, 20192 min read
IAG Will Acquire Air Europa Through Spanish Subsidiary Iberia for €1 Billion
The International Consolidated Airlines Group (IAG) announced Monday that their Spanish subsidiary Iberia would acquire Air Europa from...
Nov 4, 20192 min read
Avianca Completes 2020 Bond Exchange, One Step Closer to Closing on $250M Loan From United Airlines
On Friday, Avianca Holdings announced that they had successfully closed on their May 2020 bond exchange offer. This brings the airline...
Nov 2, 20192 min read
Atlas Air Worldwide Reports Third Quarter Net Income of $60M Versus $71.1M in Q3 2018
Atlas Air Worldwide reported a decline in quarterly income, year over year, on tariff and trade tensions and labor-related service...
Oct 30, 20192 min read
Allegiant Travel Company Reports 67th Consecutive Profitable Quarter, Net Income up 190% to $43.9M
On Thursday, Las Vegas-based Allegiant Travel Company, parent company of Allegiant Airlines, reported a net income of $43.9M on revenue...
Oct 24, 20191 min read
Alaska Airlines Reports Third Quarter Revenue of $2.4B, Net Income of $322M – Diluted EPS $2.60
On Thursday, the Alaska Air Group reported a third quarter net profit of $322M on revenue of $2.4B. Diluted earnings per share came in...
Oct 24, 20192 min read
Southwest Airlines Reports Record Third Quarter Revenue of $5.6B, Record Net Income of $659M
On Thursday, Southwest Airlines reported Record third quarter revenue of $5.6B, record net income of $659M and diluted earnings per share...
Oct 24, 20192 min read
American Airlines Reports Record Third Quarter Revenue of $11.9B, Net Income of $425M
On Thursday, the American Airlines Group reported record Q3 revenue of $11.9B, net income of $425M and third quarter earnings per diluted...
Oct 24, 20192 min read
Hawaiian Holdings Reports Third Quarter Revenue of $755M, Diluted EPS of $1.70 vs. $1.84 in Q3 2018
On Tuesday afternoon, Hawaiian Holdings, Inc. reported a third quarter net income of $80.1M, versus $93.6M in the third quarter of 2018. ...
Oct 22, 20192 min read
Thai Airways International at Risk of Shutting Down After Continued Losses
The Bangkok Post reported today that if the loss-making airline’s turnaround plan isn’t successful, Thai Airways International (THAI) is...
Oct 22, 20192 min read
JetBlue Announces Third Quarter Revenue of $2.09B, Diluted EPS of $0.63 vs. $0.16 in Q3 2018
JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter earnings today with GAAP pre-tax income of $254M vs. $68M in the third...
Oct 22, 20192 min read
Spirit Airlines Plans New $250M World Headquarters in Dania Beach, Florida
Late Thursday, Spirit Airlines announced they will build a new state-of-the-art world headquarters near Fort Lauderdale-Hollywood...
Oct 18, 20192 min read
United Airlines Reports Q3 Revenue of $11.38B, Diluted EPS of $3.99 – Raises Full Year Guidance
At the close of markets today, United Airlines Holdings, Inc. (NASDAQ: UAL), reported quarterly revenue of $11.28B, a 3.4% increase vs....
Oct 15, 20192 min read
Delta Air Lines Reports Record Q3 Revenue of $12.56B, Adjusted EPS of $2.32, up 29% Year Over Year
This morning Delta Air Lines announced third quarter earnings, with revenue of $12.56B, a slight miss from the estimate of $12.6B. ...
Oct 10, 20192 min read
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