- Hawaiian Airlines Cuts 136 Jobs[May 28, 2007]
Hawaiian Airlines, which has been engaged in a costly price war with Mesa Air Group's go! for the past year and reported an US$11.9 million first-quarter loss, announced it is cutting 136 jobs on May 25.
- Qantas Hunts for New Chair[Jun. 01, 2007]
Qantas is close to appointing a search firm in its hunt for a new chairman, but the appointment could take "several months" to finalise, according to outgoing chairman Margaret Jackson.
- Alitalia's Full Year Loss Soars to EUR625.6 Million Following Fleet Writedown[May 28, 2007]
The Alitalia board decided to move forward with a EUR197 million (US$264.9 million) writedown of the value of the carrier's fleet, a step it declined to take in March when releasing its full-year financial results but that became necessary when it decided it had to "draw up a new and reliable business plan" ahead of the Italian government's sale of its AZ stake.
- Frontier Reports US$20.4 Million Fiscal Year Loss[May 28, 2007]
Frontier Airlines reported a net loss of US$20.4 million for its fiscal year ended March 31, widened from a net loss of US$14 million for the prior year, with more than half of the deficit (US$10.4 million) coming in the fourth quarter as severe winter weather hurt the Denver-based carrier's operations.
- Ryanair Orders 27 New Jets[Jun. 01, 2007]
Ryanair, Europe's largest low-cost airline, ordered an additional 27 new Boeing planes valued at US$1.9 billion (HK$14.82 billion) to lower fuel costs, reduce pollution and keep expanding.
- Cebu Pacific Orders Up to 14 Brand New ATR 72-500[May 24, 2007]
On May 24, Philippine-based low-fare carrier Cebu Pacific and ATR announced in Manila the signature of a contract for the purchase of 6 ATR 72-500s plus options for 8 additional aircraft. This major contract is valued at more than US$250 million.
- Aeroflot Doubles First Quarter Profit[May 25, 2007]
Aeroflot posted a US$69.3 million profit in the first quarter under IFRS, more than double the US$32.2 million earned in the year-ago quarter, Russia's AK&M reported.
- AirAsia's Profit, Revenue Surge in Fiscal Third Quarter[May 24, 2007]
AirAsia's high pace of growth and strong profitability continued in its fiscal third quarter ended March 31 with a net profit of MRY86.9 million (US$25.6 million), more than five times the MRY14.1 million earned in the year-ago quarter, on a 53% surge in revenue to MRY396.2 million.
- Brussels Airlines Lays Out Profitability Plan, Commitment to Africa[May 24, 2007]
Brussels Airlines, the result of the merger of full-service carrier SN Brussels Airlines and LCC Virgin Express, has established five priorities in its effort to reinforce its profitability, which CEO Philippe Vander Putten said is at an unacceptably low level.
- Kenya Airways Fiscal Year Net Profit Down 15.1%[May 31, 2007]
Kenya Airways reported a net profit of KES4.10 billion (US$61 million) for its fiscal year ended March 31, down 15.1% from net income of KES4.83 billion in the prior year, blaming "increased competition, higher fuel prices and the adverse impact of a weaker US dollar" for the drop.