- Passengers Stranded After Iceland's Wow Air Collapses[Mar. 28, 2019]
Iceland's WOW air became the latest budget airline casualty on Thursday, halting operations and cancelling all future flights after efforts to raise more funds failed.
- China Eastern Airlines Revenue up 13 Percent in 2018[Mar. 30, 2019]
China Eastern Airlines Co., Ltd., one of the country's three largest state-owned airlines, registered revenues of 114.93 billion yuan (US$17.13 billion) in 2018, up 12.99 percent year on year, according to a company statement released Friday evening.
- Air China Net Profits up 1.33% in 2018[Mar. 28, 2019]
Air China, the country's flag carrier, saw its net profits edge up 1.33 percent in 2018 to 7.34 billion yuan (US1.1 billion), according to a company statement.
- Southwest Trims First-Quarter Outlook after 737 MAX Groundings[Mar. 27, 2019]
Southwest Airlines Co on Wednesday was the first major U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service.
- Alitalia Calls on Italian Railways to Speed up Rescue Plan[Mar. 28, 2019]
The three commissioners running Alitalia are putting pressure on Ferrovie dello Stato to present a rescue plan for the troubled airline but are willing to allow it more time.
- GMR Infra Dells US$1.16 Billion Stake in Airports Arm to Tata, GIC, SSG[Mar. 27, 2019]
GMR Infrastructure said bit.ly/2UbRphT a consortium of Tata Group, an affiliate of Singapore's sovereign wealth fund GIC, and SSG Capital Management will invest 80 billion rupees (US$1.16 billion) in GMR Airports Ltd, which operates India's biggest airport in New Delhi.
- Cathy Pacific Acquires Hong Kong Express at 4.93 Billion HKD[Mar. 27, 2019]
Announced by Cathy Pacific Airways, the airline acquired all the capital stock issued by Hong Kong Express Holding Company Limited on March 27, with 4.93 billion Hong Kong dollars, 2.25 billion paid in cash, the rest through issuance and alternate loan note.
- SF Holding Sees 16.6% Revenue Decline in February[Mar. 20, 2019]
Chinese courier giant SF Holding posted a 16.6 percent year-on-year decline in revenues from its express delivery business in February.
- India's Government May Want SpiceJet to Take over Some of Jet Airways' Assets[Mar. 20, 2019]
India is mulling options to save jobs at Jet Airways India Ltd. including asking low-cost carrier SpiceJet Ltd. to consider taking over some of the debt-laden company's aircraft, people with knowledge of the matter said.
- Cathay Pacific Airways' Recipe to Turn the Scale[Mar. 20, 2019]
Cathay Pacific Airways has gained a net revenue of 2.35 billion Hongkong dollars (HKD) with a year-on-year growth of 286.26% by the end of 2018 after two years' loss, which is way more than what the shareholders' expected. The growth in performance obviously increased the stock price which was up 2.28% to 13.48 HKD per share till closing on March 13, with a transaction volume of 69.85 million HKD.