- Cathay Pacific Group Releases Combined Traffic Figures for June 2019[Jul. 18, 2019]
Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon traffic figures for June 2019 that show an increase in the number of passengers carried and a drop in cargo and mail uplifted compared to the same month in 2018.
- Delta Air Lines Announces June Quarter 2019 Profit[Jul. 11, 2019]
Delta Air Lines today reported financial results for the June quarter 2019 and provided its outlook for the September quarter 2019. Highlights of the June quarter 2019 results, including both GAAP and adjusted metrics, are below and incorporated here.
- Ryanair Seeks to Limit UK Share Holding with Buyback Amendment[Jun. 26, 2019]
Ryanair amended the terms of a EUR 700 million (US$795 million) share buyback on Wednesday to allow block repurchases it said could limit the holdings of British shareholders and ensure it remains majority EU-owned after Brexit.
- Canada's Pain Japan's Gain, as Mitsubishi Buys CRJ Jet[Jun. 26, 2019]
Japan's Mitsubishi, which agreed on Tuesday to buy Bombardier's loss-making regional jet program, plans to exploit the Canadian company's support network and global customer list to rejuvenate its delayed efforts to conquer the jet market.
- Onex's WestJet Buyout Gets Nod from Canada's Transport Minister[Jun. 25, 2019]
Private equity firm Onex Corp said on Monday its C$3.5 billion buyout offer for WestJet Airlines Ltd received approval from Canada's Minister of Transport, clearing the first of several regulatory hurdles.
- India's Jet Airways Plunges As Bourse Moves to Limit Speculative Trading[Jun. 13, 2019]
Shares of Jet Airways sunk over 23% to a record low on Thursday after India's largest stock exchange said the carrier would soon no longer be traded in the derivatives market, while day-trading in the stock would also be barred, in a bid to curb speculative trading in the troubled company.
- American Airlines Top Executives Buy Company Shares Worth US$2.4 Million[Jun. 05, 2019]
American Airlines Group Inc's top six executives on Tuesday bought 85,000 shares of the company's common stock on the open market for about US$2.4 million, at a time when the share price has significantly underperformed the U.S. transport sector.
- Rising Costs, Intensifying Global Trade Tensions to Cripple Aviation Industry's Profit in 2019[Jun. 03, 2019]
Rising costs coupled with intensifying global trade tensions have painted a gloomy picture for the 2019 profit of the aviation industry worldwide, according to a press release issued Sunday by the industry's leading trade body.
- Slowing Demand and Rising Costs Squeeze Airline Profits[Jun. 02, 2019]
The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a US$28 billion profit (from US$35.5 billion forecast in December 2018). That is also a decline on 2018 net post-tax profits which IATA estimates at US$30 billion (re‑stated).
- Indian Airlines' Fortunes Turn Following Jet Airways Failure[May 28, 2019]
India's domestic carriers have found a temporary respite in their failing financials and capacity shortfall following the grounding of Jet Airways in mid-April. The reduced capacity and high demand in the market has provided an opportunity for domestic carriers to raise fares. The Jet shutdown has also given access to its slots at space-constrained airports, including Mumbai and Delhi.