Reading Time: < 1 minute American Airlines and the Los Angeles World Airports (LAWA) announced that American would continue its investment at LAX, committing more than $1.6 billion over the next 15 years. The investment will go toward improvements of Terminals 4 and 5. American’s letter of intent sets the framework for negotiation of a new 15-year lease agreement and […]

Reading Time: < 1 minute The United Aircraft Corporation (UAC) plans to sign a firm contract with Russia’s flagship airline Aeroflot this year for the delivery of 50 MC-21 medium-haul airliners, said UAC President Yuri Slyusar. “I can’t tell you exactly so far about a firm contract for the MC-21 [signing at the MAKS airshow outside Moscow]. But we’ll surely […]

Reading Time: < 1 minute Etihad Airways has introduced its flagship Airbus A380 aircraft on its second daily service between the UAE capital and New York JFK. The superjumbo has replaced a three-class Boeing 777-300ER previously operating one of the airline’s twice daily flights. The new deployment means New York will join London and Sydney as an all-A380 operation. Guests […]

Reading Time: < 1 minute Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.50 per share in the form of new shares in the Company. The opportunity was selected for around 68 million shares. At a subscription ratio of 46.4:1, a total of about 1.5 million new shares will be issued. The cash payment […]

Reading Time: 2 minutes Etihad Airways announced plans to boost its European Dreamliner network with the deployment of Boeing 787-9 aircraft to Amsterdam and Madrid. The 299-seat Dreamliners will be introduced on year-round scheduled services to Amsterdam from 1 September, and to Madrid, effective 1 October, joining Düsseldorf and Zurich as the airline’s other European Dreamliner services. The 787-9 […]

Reading Time: < 1 minute Russian airlines carried 27.1 million passengers from January-April 2017, up 20.8% year-over-year (YOY). International traffic grew 32.5% to 10.4 million; domestic traffic was up 14.6% to 16.8 million. Load factor increased 2.9 points YOY to 79.4%. Cargo and post traffic grew 23% YOY to 345,463 tonnes. Individual airlines report the following January-April traffic figures: Aeroflot […]

Reading Time: 6 minutes Ryanair, Europe’s No. 1 airline, reported a 6% increase in full year net profit to €1.316bn. The combination of a 13% cut in average fares, coupled with Year 3 of the “Always Getting Better” (AGB) programme delivered 13% traffic growth to 120m customers, and an industry leading 94% load factor. Unit costs fell by 11% […]

Reading Time: 2 minutes British Airways (BA), the UK’s flag-carrying airline has been left to lick its wounds after a backup generator failed to kick-in immediately following a power surge and which knocked out its whole of the carrier’s computer system on Saturday. This left the airline having to cancel all weekend flights from both Heathrow, Europe’s busiest airport, […]

Reading Time: < 1 minute Air Berlin (AB, Berlin Tegel) suffered first quarter losses of EUR293.3 million (USD328 million), an increase of 60% on losses for the same period last year. Its first quarter financial results, published this week, also show that revenue was down EUR87.5 million (USD98 million) to EUR649.6 million (USD726.5 million) for the quarter. According to Air […]

Reading Time: < 1 minute Swiss International Air Lines (SWISS) has taken delivery of the first of 20 Bombardier CS300 aircraft it has on order. SWISS, the launch operator for the smaller CS100, will become the first airline to operate both variants of the CSeries when the CS300 enters service on the Geneva-London Heathrow route June 1. SWISS ultimately plans […]