Etihad Names CEO Hogan’s Interim Replacement

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Published: May 9, 2017

May 8, 2017 Etihad on Monday confirmed that chief executive James Hogan will leave the airline on July 1 and announced a temporary replacement. Ray Gammell, Etihad’s Chief People & Performance Officer, has been appointed as interim CEO with immediate effect. The Abu Dhabi-based carrier said Gammell has already assumed full management responsibilities. In addition […]

China’s C919 Takes Off On First Flight

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Published: May 6, 2017

May 5, 2017 China’s plans to tackle Airbus and Boeing’s dominance of the single-aisle jet market moved a step closer with the first flight of the C919 on Friday. The maiden flight of the 168-seat C919, with five crew aboard, took off from Shanghai’s Pudong Airport and lasted an hour and twenty minutes. The C919, […]

China’s C919 Takes Off On First Flight

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Published: May 6, 2017

May 5, 2017 China’s plans to tackle Airbus and Boeing’s dominance of the single-aisle jet market moved a step closer with the first flight of the C919 on Friday. The maiden flight of the 168-seat C919, with five crew aboard, took off from Shanghai’s Pudong Airport and lasted an hour and twenty minutes. The C919, […]

China’s C919 Takes Off On First Flight

By
Published: May 6, 2017

May 5, 2017 China’s plans to tackle Airbus and Boeing’s dominance of the single-aisle jet market moved a step closer with the first flight of the C919 on Friday. The maiden flight of the 168-seat C919, with five crew aboard, took off from Shanghai’s Pudong Airport and lasted an hour and twenty minutes. The C919, […]

Air Canada Swings To Loss As Fuel Costs Soar

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Published: May 6, 2017

May 5, 2017 Air Canada reported its first quarter 2017 results on Friday showing it dipped into the red with a net loss of CAD$ 37 million (USD$ 27.1 million). The loss compared to a net profit of CAD$ 101 million in the same period last year as fuel costs rose by 48 percent. Revenue […]

IAG’s First Quarter Net Drops 74 Percent

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Published: May 6, 2017

May 5, 2017 International Airlines Group (IAG) announced a 74 percent fall in first quarter net profit, with currency exchange rates contributing to the drop. Net profit came in at EUR€27 million, down from last year’s €104 million. IAG said currency exchange had a net drag of €32 million on operating profit during the quarter […]

Air Lease Sees First Quarter Profit Dip

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Published: May 5, 2017

May 4, 2017 US-based aircraft lessor Air Lease reported a slight drop in net income as depreciation costs increased. Net income for the first quarter to end March was USD$ 84.9 million, down from $ 92.9 million the previous year. Revenue for the period came in at $ 360.2 million, and expenses at $ 226.3 […]

Qantas Forecasting Second-Best Annual Profit

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Published: May 5, 2017

May 4, 2017 Qantas is forecasting its second highest result ever for its full year to end June, as domestic operations show improved performance and international conditions ease. The Australian flag carrier said it expects a full year, pre-tax profit of between AUD$ 1.35 billion and AUD$ 1.40 billion (USD$ 1 billion – USD$ 1.03 […]

Qantas Forecasting Second-Best Annual Profit

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Published: May 5, 2017

May 4, 2017 Qantas is forecasting its second highest result ever for its full year to end June, as domestic operations show improved performance and international conditions ease. The Australian flag carrier said it expects a full year, pre-tax profit of between AUD$ 1.35 billion and AUD$ 1.40 billion (USD$ 1 billion – USD$ 1.03 […]

Air France-KLM First Quarter Loss Widens

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Published: May 5, 2017

May 4, 2017 Air France-KLM reported an increased first quarter net loss of EUR€216 million, a 40 percent deterioration on last year. The pre-tax loss was €229 million, down from a €204 million loss in 1Q16. Revenue rose 1.9 percent to €5.7 billion, and net costs rose 2.6 percent to €5.15 billion. Air France-KLM said […]

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