Air Astana speeds up long-haul network expansion

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Published: February 24, 2017

Air Astana president & CEO Peter Foster has detailed network plans for the year, saying the carrier will focus on operating as a “low-cost, full-service airline.” As a priority, Foster told ATW the Kazakhstan carrier will push for more services into Russia, China, India and Europe, increasing the number of sixth-freedom passengers via its main […]

LOT Polish Airlines expands international services to Israel

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Published: February 24, 2017

LOT Polish Airlines plans to restore international services to several regional airports in its home market. The Polish national carrier will begin services to Tel Aviv from Lublin, Gdańsk, Poznań and Wrocław from summer 2017. There will also be additional services to the Israeli city from Warsaw, giving a twice-daily rotation from the Polish capital. […]

FedEx, USPS extend contract by four years

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Published: February 24, 2017

FedEx Express, the airline arm of Memphis-based FedEx Corp., and the United States Postal Service (USPS) have extended a contract by four years under which FedEx provides express air transport services for USPS. The contract, initiated in 2013 and originally set to expire in 2020, will now be in effect through September 2024. Under the […]

AirAsia X 4Q profits hit by currency weakness

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Published: February 24, 2017

Subscribe to Access this Entire Article “AirAsia X 4Q profits hit by currency weakness” is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If […]

Norwegian to launch new transatlantic routes in June

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Published: February 24, 2017

Low-cost carrier (LCC) Norwegian has unveiled new routes from five cities in the UK and Ireland to US destinations, starting in June, as it continues its rapid expansion. Norwegian, which will operate Boeing 737 MAX aircraft configured with single-class economy cabins on the routes, said it was launching 10 new routes with 38 weekly transatlantic […]

Qantas posts $372 million net profit for 1H FY2017

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Published: February 24, 2017

Qantas reported a consolidated net profit of A$ 515 million ($ 372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$ 688 million in the first half of FY2016. Group revenue declined 3.3% to A$ 8.2 billion for the period. Expenses stayed even year-over-year (YOY) at A$ 7.4 billion. The […]

Atlas Air Worldwide posts $41.5 million 2016 net profit

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Published: February 24, 2017

Atlas Air Worldwide Holdings earned a 2016 net profit of $ 41.5 million, a nearly six-times increase over net income of $ 7.3 million in 2015, though the 2015 results are skewed by one-time charges related to settling class-action litigation. The Purchase-New York based air cargo operator’s annual revenue was essentially flat in 2016 at […]

Mexico’s Grupo Viva Aerobus posts $37 million net profit for 2016

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Published: February 23, 2017

Mexican low-cost carrier (LCC) Grupo Viva Aerobus posted a 2016 net profit of MXP765.8 million ($ 37 million), a 69.2% increase over the company’s MXP452.7 million 2015 net income. The airline’s 2016 net income margin was 12.3%, up 2 points from 2015. In November 2016, the LCC became an all-Airbus operator following the final flights […]

Mexico’s Grupo Viva Aerobus posts $37 million net profit for 2016

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Published: February 23, 2017

Mexican low-cost carrier (LCC) Grupo Viva Aerobus posted a 2016 net profit of MXP765.8 million ($ 37 million), a 69.2% increase over the company’s MXP452.7 million 2015 net income. The airline’s 2016 net income margin was 12.3%, up 2 points from 2015. In November 2016, the LCC became an all-Airbus operator following the final flights […]

Qantas posts $372 million net profit for 1H FY2017

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Published: February 23, 2017

Qantas reported a consolidated net profit of A$ 515 million ($ 372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$ 688 million in the first half of FY2016. Group revenue declined 3.3% to A$ 8.2 billion for the period. Expenses stayed even year-over-year (YOY) at A$ 7.4 billion. The […]

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