Copa Holdings, parent company of Panama-based Copa Airlines and Copa Airlines Colombia, reported third-quarter net income of $66 million, down 47.6% year-over-year, compared to the company’s $126 million net in the year-ago September quarter.
The parent of Canadian regional airline Jazz, Chorus Aviation, reported adjusted net income for the third quarter of C$29 million ($26 million), up 4.7% year-over-year, or C$0.24 per basic share, from C$27.7 million in 3Q 2013.
Global air freight volumes were up 6.2% year-over-year in September, cementing a year-long trend of monthly year-over-year volume growth that gained additional steam this past summer, according to Airports Council International (ACI).
The overall on-time arrival performance for US domestic scheduled flights in September was 81.1%, improving on August by 3.4 points, but falling below last September 2013’s on-time performance by 2.7 points, according to the US Department of Transportation’s (DOT) Air Travel Consumer Report and the Bureau of Transportation Statistics (BTS).
With Monarch Airlines’ late-October booking for 30 Boeing 737 MAX 8s, Boeing added to its lead over rival manufacturer Airbus in the year-to-date commercial aircraft order race; as of Oct. 31, Boeing has 1,127 gross orders on its books, compared to Airbus’ 1,070.
Airbus logged just one new commercial passenger aircraft order in October—two A320ceo aircraft for Singapore-based BOC Aviation, placed on Oct. 31—which effectively placed BOC among Airbus’ top 10 customers.
Global air passenger traffic demand grew 5.3% year-over-year in September, down 1 point from August’s adjusted 6.3% year-over-year growth, according to IATA’s September Air Passenger Market Analysis report.
This week’s starting U.S. Gulf Coast kerosene-type jet fuel spot price, for Monday Nov. 3, 2014, is $2.417 per gallon, according the US Energy Information Administration, a division of the US Department of Energy.
Worldwide air freight markets exhibited a third consecutive month of significant demand growth in September as collective volumes rose 5.2% year-over-year, according to IATA’s September air freight market analysis.
Indianapolis, Indiana-based Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported third-quarter net income of $18.5 million, reversing a $13.8 million loss in the year-ago quarter.
Philippine Airlines’ (PAL) new management team is reviewing all parts of its operation to determine if any changes to fleet and network plans are required, president and COO Jaime Bautista said....More
The head of the Association of Asia Pacific Airlines (AAPA) condemned the shooting down in July of a Malaysia Airlines Boeing 777 as “a military failure,” and stressed that maintaining a robust, safe commercial aviation system requires the sharing of information of where and when it is safe to fly....More