Dubai-based Emirates Airline recorded a net profit of AED7.13 billion ($1.94 billion) for the 2015-16 financial year ended March 31, up 56.4% compared to a net profit of AED4.6 billion in the previous year.
Abu Dhabi-based Etihad Airways, which has major interests in Italy through its 49% stake in flag carrier Alitalia, has signed an agreement with Parma International Airport in northern Italy to establish a cargo transit center.
For the Lufthansa Group, “2015 was our toughest year in emotional terms, and at the same time one of the most successful in our corporate history,” chairman of the board and CEO of Deutsche Lufthansa Carsten Spohr told the company’s annual general meeting (AGM), which was held a few days before Tuesday’s release of its first-quarter results.
South African regional carrier SA Express faced a weekend break in services after the South African Civil Aviation Authority (SACAA) suspended its air operator’s certificate (AOC) on a series of safety issues April 30, then reinstated it May 1 after “clarity was provided.”
Europe’s International Airlines Group (IAG)—parent company of British Airways, Iberia, Vueling and Aer Lingus—posted a first-quarter net profit of €104 million ($118 million), reversed from a net loss of €26 million a year ago.
Travel technology provider SITA is exploring the use of blockchain technology as a platform for generating secure single travel “tokens” that could potentially streamline a passenger’s progress through all airport processes involving the scanning of personal documentation....More