- China Travel Market Boosts JAL Figures[Aug. 21, 2006]
Japan Airlines Group has announced its results for international and domestic traffic for the Japanese summer vacation period, with hints of a recovery particularly for travel to China.
- Qantas Passes Fuel Pain to Passengers[Aug. 19, 2006]
Qantas will almost double fuel levies on direct flights to Britain and Europe as it transfers the pain of higher fuel prices to passengers.
- Boeing & Monarch Airlines Announce Order[Aug. 18, 2006]
On 18th August 2006, Boeing and Monarch Airlines of the United Kingdom announced that the airline has ordered six Boeing 787-8s with purchase rights for another four. The order is worth $916 million at list prices.
- Copa Holdings Profits Continue Ascent[Aug. 17, 2006]
Copa Holdings, parent of Panama's Copa Airlines and Colombia's AeroRepublica, reported second-quarter net income of $22.9 million, up 51.3% over $15.1 million earned in the year-ago quarter, on a 39.4% jump in revenues to $191.5 million attributable in large part to Copa's acquisition of AeroRepublica last year that also contributed to hefty increases in traffic and capacity (ATWOnline, March 9, 2005).The results continue a string of positive quarters for the company, which produced rising profits in both 2004 and 2005 and record quarterly income in the first quarter (ATWOnline, May 18). They are all the more impressive considering that AeroRepublica lost $7.1 million in the most recent quarter.
- Qantas Reports AU$671 Mln Full Year Profit[Aug. 18, 2006]
On 17th August 2006, Qantas announced a profit before tax of $671 million for the year ended 30 June 2006, a 26.6 per cent decrease on the year to 30 June 2005.
- Air Berlin PLC Takes Over 100% Shares in dba[Aug. 17, 2006]
Air Berlin PLC has acquired 100 per cent of the shares in dba Luftfahrtgesellschaft Munich.
- Qantas Launches Freight Business[Aug. 16, 2006]
On 16th August, Qantas announced the formation of a new wholly owned subsidiary domestic air freight business, Express Freighters Australia, to commence operations from October 2006.
- FL Group 2Q Net Profit Down Sharply[Aug. 16, 2006]
FL Group, the Reykjavik-based parent of Icelandair Group, Sterling Airlines and other aviation and tourism businesses, yesterday reported a second-quarter net profit of just ISK118 million ($1.7 million), narrowed from a profit of ISK1.9 billion in the year-ago period.CEO Hannes Smarason cited "extremely turbulent" capital markets in the quarter as well as "difficult market conditions and seasonality in operating companies" through the first half of the year to explain the reduced results. But Icelandair Group had its best-ever first half, with net income of ISK3.86 billion for the six months ended June 30, including a second-quarter net profit of ISK1.56 billion.
- SpiceJet Announces $15 Million FY Profit[Aug. 15, 2006]
SpiceJet announced an operating profit of INR715.2 million ($15.4 million) for the fiscal year ended May 31 on a higher-than-expected INR4.53 billion in revenue and yesterday celebrated its first year under a new name by confirming the conversion of its 10 737NG options into firm orders for five dash 800s and five dash 900s.
- South African Airways Eyes 2010 World Cup[Aug. 14, 2006]
South African Airways and other players in the aviation sector are embarking on a number of multi-million dollar projects to increase efficiency and capacity in preparation for the FIFA 2010 Soccer World Cup.