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Virgin Australia Q3 Profit Up, But Cuts Capacity

Posted By Tony Sanchez / Airlines / 0 Comments

May 2, 2016 Virgin Australia announced underlying pre-tax profit rose 16.2 percent to AUD$18.6 million (USD$14.17 million) in the three months to March 31, but warned it will cut its June quarter capacity by 5.1 percent due to weak demand combined with uncertainty about the Australian Federal election. For Virgin, the disclosure adds to a […]

Volga-Dnepr helps DROMLAN Antarctica keep its cool

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April 29, 2016 Volga-Dnepr Airlines has transported over 190 tonnes of cargo to Antarctica in its first season of flights to support the DROMLAN project. It has completed 12 return flights using an Ilyushin IL-76TD-90VD since 4 November 2015, connecting Cape Town with the Novolazarevskaya Antarctic Research Station for the project, run by the Antarctic […]

Volumes and revenue fall in Q1 at IAG Cargo

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April 29, 2016 IAG Cargo’s volumes were down 1.8 per cent in the first quarter of 2016, while yields decreased 6.9 per cent at constant exchange. IAG’s commercial revenue of 262 million euros over the period from 1 January to 31 March, 2016, was a decrease of 1.5 per cent compared to 2015. Adjusting the […]

ABC gets F1 cars to the grid for Russian Grand Prix

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April 29, 2016 AirBridgeCargo Airlines (ABC) has made sure every competitor can get to the starting line for the Russian Grand Prix by flying the Formula 1 cars and equipment to Sochi. The 2016 Russian Grand Prix in Sochi takes place from 29 April to 1 May and ABC prepared and operated six Boeing 747 […]

Bombardier Gets Delta Airlines Order of up to 125 C Series Aircraft

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April 28, 2016 Delta Air Lines Inc. agreed to buy at least 75 C Series narrow-body jets from Bombardier Inc., giving the Canadian manufacturer the marquee U.S. customer it has been seeking for months. Deliveries of the first jets will begin in 2018, Montreal-based Bombardier said Thursday in a statement. Based on published list prices, […]

Lufthansa CEO says Europe needs more airline consolidation

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April 28, 2016 Europe’s airline industry needs more consolidation, Lufthansa Chief Executive Carsten Spohr said on Thursday at the carrier’s annual shareholder meeting. “Consolidation is a part of what needs to happen in Europe in order to make the sector more competitive when compared to the United States and Asian,” Carsten Spohr said, adding that […]

Etihad profits fly past $100m

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April 28, 2016 Etihad Airways has seen profits pass the $100 million barrier in 2015 while cargo volumes have increased by four per cent to 591,000 tonnes. Net profits rose from $73 million in 2014 to $103 million and revenue was up from $7.5 billion to $9 billion in 2015. Cargo volumes increased from 569,000 […]

Lufthansa warns of disruption during ver.di trade union strike

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April 27, 2016 Lufthansa Cargo has warned of delays and disruption due to strikes by the ver.di trade union at Frankfurt, Munich, Dusseldorf, Cologne/Bonn, Dortmund and Hanover airports today (27 April). The airline warns that striking union members in the ground handling, passenger checks and fire services will result in flight cancellations, primarily at Frankfurt […]

Pilots’ unions to enter mediation with Atlas Air Worldwide

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April 26, 2016 Unions representing pilots that fly for DHL-contracted carriers Atlas Air, Inc. and Polar Air Cargo have requested to begin mediation with Atlas Air Worldwide Holdings, Inc. (AAWW) via the National Mediation Board (NMB), stating that Atlas Air has “refused to engage in any further legally-mandated negotiations.” AAWW said they have strongly objected […]

LATAM Airlines has ‘moderately positive’ outlook on 2016 earnings

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April 26, 2016 LATAM Airlines , Latin America’s biggest airline has a “moderately positive” outlook on its 2016 earnings, the chairman said on Tuesday, citing more stable currencies in the region that will help boost its bottom line. Lower fuel costs would also help counteract weak demand in Brazil, the biggest market for the airline, […]