International traffic grew globally 4.6% year-over-year (YOY) in March, matching February’s YOY improvement but indicating a “flattened” growth trend, according to IATA’s March Premium Traffic Monitor.
Republic Airways Holdings, the Indianapolis-based parent of regional carriers Republic Airlines and Shuttle America, reported first-quarter net income of $6.4 million, down 54.3% from the company’s 1Q 2014 net earnings of $14 million.
Airbus pulled into the lead for commercial aircraft orders in 2015 with 228 gross commercial aircraft orders, compared to rival Boeing’s 152, following an April 30 order placed by Colombian carrier Avianca for 100 A320neo family aircraft.
Global air passenger traffic grew 7.4% year-over-year (YOY) in March as Asia-Pacific holiday travel related to the Lunar New Year continued beyond February, according to IATA’s March Air Passenger Market Analysis report.
As expected, growth in the global air freight market returned to modest levels in March, with a cumulative 1.6% year-over-year (YOY) increase in traffic, according to IATA’s March Air Freight Market Analysis.
Mexico City-based Grupo Aeroméxico recorded a consolidated net profit of MXP185 million ($12.1 million) for the 2015 first quarter, swinging into the black from MXP91 million in net losses the airline reported in the 2014 March quarter.
Full-time-equivalent (FTE) employment at US scheduled passenger airlines grew 1.8% year-over-year (YOY) in February, to a total FTE count of 388,983 personnel, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
United Continental Holdings, parent of United Airlines, reported a first-quarter net profit of $508 million, including $74 million of special charges, a $1.12 billion year-over-year (YOY) swing to profitability from the company’s $609 million net loss in the 2014 March quarter.
The worldwide air freight market saw an impressive but temporary spike in February, as collective cargo volumes jumped 11.7% year-over-year (YOY), up 8.5 points from January, according to IATA’s February Air Freight Market Analysis.
Republic Airways Holdings is “in a stabilized approach” toward reaching a new labor agreement with its pilots, though “difficult stuff” still needs to negotiated, chairman, president and CEO Bryan Bedford said....More
The US government is “taking very seriously” the request Delta Air Lines, American Airlines, United Airlines and their labor groups have made that consultations begin with the governments of the United Arab Emirates (UAE) and Qatar on alleged subsidies for the airlines from those countries, a US Department of State official said....More
The US airline industry must safeguard itself against “atypical employment practices,” which could threaten safety as well as destroy the compact between employer and employee, a labor leader said here....More