News

Copa Holdings, parent of Panama’s Copa Airlines and Copa Airlines Colombia (formerly Aero Republica) has posted first-quarter net income of $94.5 million, which is more than double the $42.6 million e...

Air Canada has been able to narrow its quarterly operating loss as higher passenger revenue offset a big rise in fuel costs. Fuel costs for the airline in the first quarter rose C$120 million ($124 mi...

Dublin based aircraft lessor, AWAS, has delivered a new Airbus A320-200 aircraft to Royal Jordanian.  The placement is part of Royal Jordanian’s major fleet renewal programme, to offer its customers s...

Amidst its rebranding event in Australia, Richard Branson, chairman of the Virgin Group, confirmed that Virgin Atlantic Airways expects further delivery delays of the 15 Boeing 787s it has on order an...

Vueling Airlines has reported a first-quarter net loss of €23.6 million ($35 million), widened from a €6.3 million deficit in the year-ago period. In common with other airlines posting a Q1 loss this ...

Lufthansa Group has incurred a first-quarter net loss of €507 million ($752.6 million), widened 70.1% from a €298 million net deficit in the year-ago quarter. However the loss was blamed on an account...

Flybe has stated that it expected full-year profits for the 12 months to March of £22 million, some £2 million short of analyst expectations. Shares in the airline tanked 25% on the news – falling 57½...

The price of US crude oil fell 8.64% to $99.80 a barrel yesterday – the biggest one day fall since the height of the global financial crisis. Brent crude fell 9.78% to $109.02. The sharp increase in o...

The Gujarat government has sharply reduced tax on aeroplane fuel for flights operating within the state to encourage intra-state aviation. Value-added tax on Aviation Turbine Fuel was cut from 30% to ...

As part of its $4.5 million development project at Fort Worth Meacham International Airport (FTW), Texas Jet is nearing completion of a 30,000-sq-ft hangar it has leased to Trimec Aviation. “With our ...

Air India’s has stated that it will start making operating profit from this financial year thanks to a new operating plan. Although the airline has been running under losses since 2007, the strategy t...

Shandong Airlines has reported a first-quarter net profit of CNY169.5 million ($26 million), up 79.5% over net income of CNY94.39 million in the year-ago period. The carrier credited “the robust growt...