IAG Upgrades 2015 Profit Forecast

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Published: February 28, 2015

IAG on Friday raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals. It now expects 2015 operating profit in excess of EUR€2.2 billion, compared to the EUR€1.8 billion it had said it was targeting, the latest in a series of upgrades. For 2014, it reported operating profit up 81 percent […]

Southwest Nears End Of Safety Inspections

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Published: February 28, 2015

Southwest Airlines has inspected 115 of 128 planes that it pulled out of service on Tuesday when it discovered maintenance checks were overdue, and it expects to complete the rest this weekend. The Dallas-based carrier said the inspections, focused on the backup hydraulic systems of its Boeing 737-700s, have not resulted in additional repairs. Southwest […]

Bombardier’s CSeries 300 Takes To The Skies

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Published: February 28, 2015

Bombardier CS300 first flight. Bombardier’s CS300, the larger version of its new CSeries jet, took off on its first test flight at the Canadian company’s testing and assembly facility near Montreal on Friday. The CSeries, Bombardier’s largest commercial aircraft, with up to 160 seats, takes the company into markets dominated by Boeing and Airbus. Alain […]

Airbus Group Profit Jumps 59 Percent

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Published: February 28, 2015

Airbus Group on Friday reported net income up 59 percent to EUR€2.34 billion (USD$ 2.65 billion) on revenue 5 percent higher at EUR€60.7 billion. The results were boosted by a stronger than expected fourth quarter in which core earnings before one-off items rose 21 percent to EUR€1.476 billion on revenue up 9 percent. It reported […]

AirAsia Posts First Net Loss In Two Years

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Published: February 27, 2015

AirAsia has reported its first net loss in two years, citing heavy foreign-exchange losses along with higher financing and operating costs. Asia’s largest budget airline by passenger numbers said it is recovering from a slight loss in demand after the December plane crash that cost the lives of the 162 people on board a flight […]

Boeing, FedEx Battle Back On Gulf Competition

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Published: February 26, 2015

A push by three US airlines to curb competition from Gulf state carriers has triggered a sharp response from other powerful US aviation companies including Boeing and FedEx, potentially complicating the airlines’ campaign for Obama administration support. Delta, United and American have asked the White House to look into the financial statements of competitors from […]

United Warns Pilots After Four Safety Incidents

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Published: February 26, 2015

United Airlines sent a safety warning to its pilots last month after one flight was in danger of crashing and another landed with lower fuel reserves than regulations require. United cited four recent “safety events and near-misses” in a January 9 bulletin to pilots, including an emergency in which pilots had to perform a pull-up […]

Thai Airways Posts Wider Q4 Loss

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Published: February 26, 2015

Thai Airways posted a bigger fourth-quarter loss as a drop in passenger numbers after months of domestic political unrest hurt the national carrier. The airline posted a net loss of THB6.4 billion baht (USD$ 196 million) for October-December, compared with a net loss of THB5.7 billion in the same period a year earlier. A foreign […]

Qantas Swings To First-Half Profit

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Published: February 26, 2015

Qantas on Thursday reported its best first-half profit in four years as its cost-cutting bore fruit and lower oil prices trimmed fuel expenses. Qantas said underlying profit before tax was AUD$ 367 million (USD$ 289 million). The result reflects a faster-than-anticipated recovery following last year’s AUD$ 2.8 billion net loss. “We are meeting or exceeding […]

US Pension Fund Sues Volaris Over IPO Information

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Published: February 26, 2015

A US pension fund is suing Mexican airline Volaris to recover losses that it said were caused by false statements in the company’s initial public offer documents. The lawsuit, which seeks class-action status, was filed on Tuesday in federal court in New York on behalf of the DeKalb County Employees Retirement System. It said Volaris […]

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