- Chinese Carriers Report 26% Profit Increase in 2011 First Half[Jul. 22, 2011]
Chinese airlines reported an aggregate net income of 12.78 billion yuan(US$1.98 billion) for the first half of 2011, up 26% over a net profit of 10.14 billion yuan reported in the year-ago period.
- Air New Zealand Sees Second-Half Loss; Frustrated at 787 Delays[Jul. 21, 2011]
Air New Zealand still expects to post a fiscal second-half loss due to high fuel prices and earthquakes in Christchurch and Japan, despite a strong pick-up in its trans-Tasman operations, its chief financial officer said on Thursday.
- UCH Inks Agreement with Travelocity[Jul. 21, 2011]
United Continental Holdings signed a multi-year agreement with Travelocity under which customers of its subsidiaries United Airlines and Continental Airlines will be able to access and purchase tickets through Travelocity's online booking sites.
- Malaysia Airlines Chairman Quits[Jul. 21, 2011]
- Montreal's CAE Wins Contracts in China, Russia[Jul. 20, 2011]
Montreal-based flight training giant CAE Inc. is getting busier in the emerging markets. It has won C$60 million of new contracts for full flight simulators to be installed in flight training centres in Russia and China.
- Singapore Exchange Queries Rise in Tiger Airways Share Price[Jul. 20, 2011]
Singapore Exchange on Wednesday asked budget carrier Tiger Airways to explain the sharp rise in its share price and surge in trading activity.
- AMR to Buy 260 Planes from Airbus, 200 from Boeing[Jul. 20, 2011]
American said that it planned to acquire 260 of Airbus's A320 family aircraft and 200 Boeing 737s. Photo/AP
- Air Astana Earns US$37 Million First-Half Pre-Tax Profit[Jul. 20, 2011]
Air Astana posted a pre-tax profit of US$36.9 million for the first half of 2011, up 10.4% over the corresponding period in 2010.
- American to Buy More Than 250 Airbuses, 150 Boeings, FT Says[Jul. 20, 2011]
AMR Corp.'s American Airlines is to order more than 250 Airbus A320 and A320NEO planes and about 150 re-engined Boeing 737s, the Financial Times reported, citing people familiar with the matter.
- U.S. Airlines Poised for Profits but Face Headwinds[Jul. 19, 2011]