- Lufthansa Group Adjusted EBIT for 2018 Only Slightly below Prior Year Despite Higher Fuel and One-Off Costs[Mar. 14, 2019]
"2018 was another successful year for the Lufthansa Group in financial terms," says Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. "We generated the second-best result in the history of our company. This is a great teamwork achievement by all the 135,000 people who make up our group workforce."
- G.Ziemelis: Publicly Listed Airlines Cheating Investors on E261?[Mar. 19, 2019]
Over EUR 5 billion in compensations are not disclosed on major European airlines' financial reports over the last three years. With up to 90% of passengers being aware of their rights on claim compensations for disrupted flights and compensation obligations remaining valid for up to 10 years (depending on the country), it is of utmost importance that auditors initiate improved financial reporting standards forairlines. Otherwise, shareholders and investors might witness more collapses of airlines in 2019.
- Kuwait Airways to Seek US$350 Million Loan to Pay for Planes[Mar. 17, 2019]
Kuwait Airways Corp. is seeking a US$350 million loan that will help the Gulf carrier pay for planes, people with knowledge of the deal said.
- Etihad Airways Improves Core Performance in 2018 as Transformation Continues[Mar. 14, 2019]
Etihad Airways today announced an improvement in core operating performance of 15% in 2018, 7% higher than forecast, on revenues of US$ 5.86 billion (2017: US$ 6.0 billion). The airline reported a loss of US$ 1.28 billion for the year (2017: US$ -1.52 billion).
- Boeing Shares Take Another Hit As More Countries Ground 737 MAX 8 Planes[Mar. 13, 2019]
Boeing Co's stock took another beating on Tuesday, knocking off more than $25 billion from the planemaker's market value over the past two days, as more countries lined up to ground its 737 MAX 8 aircraft following Sunday's deadly crash in Ethiopia.
- BOC Aviation Reports Record Earnings and 24% Increase in Pre-Tax Profit[Mar. 13, 2019]
BOC Aviation Limited ("BOC Aviation" or the "Company") is pleased to announce its audited financial results for the full year ended 31 December 2018.
- AirAsia Targets Startups with New Venture Capital Fund[Mar. 04, 2019]
AirAsia, one of the world's most successful budget airlines, has launched a venture capital fund that will focus on early-stage businesses, the company said Monday.
- Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover[Mar. 01, 2019]
Southwest Airlines Co. abruptly jumped the most in a month amid speculation on social media that Warren Buffett's Berkshire Hathaway Inc. was considering a takeover bid. The carrier declined to comment.
- Italy's Deputy Prime Minister is Confident EasyJet and Delta Air Lines will Invest in Alitalia[Feb. 28, 2019]
Italian Deputy Prime Minister Luigi Di Maio said he sees no risk of failure for talks with EasyJet Plc and Delta Air Lines Inc. to relaunch struggling airline Alitalia SpA.
- Cathay Pacific Studies Bid for HNA's Hong Kong Carriers[Feb. 27, 2019]
Cathay Pacific Airways Ltd., Asia's biggest international carrier, is studying a bid for stakes in two smaller Hong Kong airlines backed by embattled Chinese conglomerate HNA Group Co., people with knowledge of the matter said.