Airbus Profit Drops On A400M Charge

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Published: February 23, 2017

February 22, 2017 Airbus net income for the full year 2016 dropped 63 percent to EUR€995 million (USD$ 1.05 billion) as it took a €2.2 billion charge on the A400M military transporter. Total group revenue came in at €66.58 billion, a 3 percent increase from 2015’s €64.45 billion. The commercial aircraft division saw a 7 […]

Air New Zealand H1 Net Profit Down 24 Pct

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Published: February 23, 2017

February 23, 2017 Air New Zealand posted a 24 percent drop in first half net profit to NZD$ 256 million (USD$ 184.4 million), as competitors introduced “unprecedented competitive capacity” into the market. Operating revenue for the six months to end December 2016 of NZD$ 2.54 billion, was a 4.2 percent dip from the previous year. […]

Qantas First-Half Net Profit Falls 25 Pct

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Published: February 23, 2017

February 23, 2017 Australia’s Qantas Airways posted its first half results on Friday, showing a net profit fall of 25 percent to AUD$ 515 million (USD$ 396.7 million). The group’s preferred measure, underlying profit before tax, was AUD$ 852 million, down 7.5 percent from the previous year’s AUD$ 921 million. Total revenue for the six […]

Lufthansa Technik, MTU Agree Engine Maintenance JV

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Published: February 22, 2017

February 21, 2017 Lufthansa Technik and MTU Aero Engines have agreed to set up a joint venture company for the maintenance, repair and overhaul of Pratt & Whitney geared turbofan engines. The agreement sees each company holding a 50 percent stake in the JV and total investment of around EUR€150 million (USD$ 158 million) by […]

AerCap Reports Lower 2016 Profit

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Published: February 22, 2017

February 21, 2017 Dublin-based aircraft lessor AerCap reported 2016 annual net income of USD$ 1.05 billion, down from $ 1.18 billion the previous year. Total revenue for the year was $ 5.15 billion, a 3 percent drop on 2015. For the fourth quarter to end December 2016, AerCap’s net profit came in at $ 364.7 […]

Alitalia Cancels Many Thursday Flights

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Published: February 22, 2017

February 21, 2017 Alitalia has cancelled 60 percent of its flights on Thursday, February 23 as several of its unions called a 24 hour strike. Domestic and international flights are affected by the industrial action. The airline said flights operating between 07:00 and 10:00, and between 18:00 and 21:00 will operate as scheduled, but some […]

Alitalia Cancels Many Thursday Flights

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Published: February 22, 2017

February 21, 2017 Alitalia has cancelled 60 percent of its flights on Thursday, February 23 as several of its unions called a 24 hour strike. Domestic and international flights are affected by the industrial action. The airline said flights operating between 07:00 and 10:00, and between 18:00 and 21:00 will operate as scheduled, but some […]

Air France Pilots Vote For Low-Cost Boost Unit

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Published: February 21, 2017

February 20, 2017 Pilots at Air France have voted to accept in principle the creation of a new low-cost subsidiary at the airline, the SNPL union said. The union reported a 58.1 percent vote to accept the creation of the Boost low cost carrier. The turnout was 73.8 percent. SNPL said the vote clarifies the […]

Air Canada Reports Full Year Profit Boost

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Published: February 18, 2017

February 17, 2017 Air Canada released its 2016 full year results on Friday, showing net income of CAD$ 876 million (USD$ 669 million), up from 2015’s CAD$ 308 million. Operating revenue for the year was CAD$ 14.68 billion, a 5.8 percent increase on the previous year. Operating expenses of CAD$ 13.33 billion were up 8 […]

Juneyao Airlines Orders Five Boeing 787s

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Published: February 18, 2017

February 17, 2017 Juneyao Airlines has agreed an order for five Boeing 787-9 Dreamliners, valued at about USD$ 1.32 billion at list prices. The order, which includes options on a further five 787s, is the Shanghai-based carrier’s first for Boeing aircraft. Juneyao currently operates a fleet of Airbus A320-family aircraft. “Our strategic vision is to […]

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