Spirit Airlines reports full year profits
Spirit Airlines grew capacity 17.9%, grew revenue 16.8% to $1.9 billion, increased net income 33.3% and had a pretax return on invested capital of 30.1% during 2014. The ultra-low-cost carrier has pos...
Spirit Airlines grew capacity 17.9%, grew revenue 16.8% to $1.9 billion, increased net income 33.3% and had a pretax return on invested capital of 30.1% during 2014. The ultra-low-cost carrier has pos...
In a letter to board members Karl Ulrich Garnadt and Bettina Volkens stated that further cost cutting measures were needed to remain competitive since its cost level is 30-40% higher than its direct c...
Swiss carrier Etihad Regional, previously known as Darwin Airline, has confirmed that restructuring including route cuts, will affect employees. The company declined to comment on the number of jobs t...
TUI Group has reduced its first-quarter loss due to strong performances by its hotels, resorts and cruise businesses. The loss on underlying earnings fell to €120m from €141.1m the prior year quarter....
Willie Walsh, chief executive of International Consolidated Airlines Group (IAG) will appear before Irish lawmakers on Thursday to defend its bid to buy Aer Lingus. The takeover of Aer Lingus has been...
SkyWest has reported a 0.6% increase to 2.94 billion in available seat miles (ASMs) for January 2015, compared to 2.92 billion in ASMs for January 2014. Revenue passenger miles (RPMs) rose 0.5% to 2.2...
Ethiopian Airlines CEO Tewolde Gebremariam is reported to be considering the A350-1000 and the 777X for a future widebody order of up to 20 aircraft. The airline is one month into a three-month evalua...
South African Airways (SAA) has confirmed it is “technically insolvent” and is only surviving thanks to the R14.3 billion ($1.2 billion) of government guarantees. “SAA has been reliant on guarantees f...
Polish carrier EuroLOT has blocked all bookings beyond March 31 due to ongoing financial problems. EuroLOT is 62.1% state owned, while Towarzystwo Finansowe Silesa – also state owned – holds the remai...
Nepal’s national flag carrier, Nepal Airlines Corporation (NAC) has taken delivery of the first Airbus A320 aircraft sporting a new company livery and equipped with Sharklet fuel saving wing tip devic...
Okay Airways has created Xi’an as its overnight base and has launched two new routes to Krabi and Bangkok following the recent delivery of its first of eight 737-900ERs. Okay plans to operate seven 73...
Virgin Australia has reported a net profit of $11.3 million in the three months to December, and an underlying pre-tax profit of $55.3 million. The airline has a half yearly underlying pre-tax profit ...
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