FedEx Corp. has posted a consolidated net profit of $616 million for its FY2015 second-quarter ended Nov. 30, up 23.2% year-over-year from net income of $500 million in the company’s FY2014 second quarter.
The 10 largest US scheduled passenger airlines collectively reported net income of $2.99 billion in the 2014 third-quarter, down 13.8% from a 2014 second quarter net profit of $3.5 billion but nearly matching (down by 0.5%) the $3 billion in net income the 10 carriers posted in the 2013 third quarter.
Air freight volumes worldwide were up 5% year-over-year in October, a 1.2 point drop from September, but signifying the 13th consecutive month of air cargo growth, according to Airports Council International (ACI).
The on-time arrival performance for US domestic scheduled flights in October was 80%, down 1.1 point from September and 4.1 points from October 2013, according to the US Department of Transportation’s (DOT) Air Travel Consumer Report and the Bureau of Transportation Statistics (BTS).
Boeing is forecasting strong demand for new commercial aircraft in 2015, resulting in nearly $124 billion in deliveries across the industry, double the amount from 2010, according to Boeing’s Current Aircraft Finance Market Outlook for 2015.
Air passenger traffic demand worldwide increased 5.7% year-over-year in October, building on September’s 5.2% rise “as improvements in economies in Asia-Pacific and the US offset signs of weakness in the eurozone and China,” IATA DG and CEO Tony Tyler said in IATA’s October Air Passenger Market Analysis Report.
Sichuan Airlines has awarded L-3 Link Simulation & Training a contract for an additional Airbus A320 full-flight simulator (FFS), the fifth such system to be installed at the Sichuan Airlines Group training center in Chengdu, China.
Full-time-equivalent (FTE) employment at US scheduled passenger airlines grew 1.1% year-over-year in September, to a total FTE count of 384,439 personnel, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Indian low-cost carrier (LCC) SpiceJet reported a net loss of Rs3.1 billion ($50.4 million) for its 2015 fiscal-year (FY) second-quarter ended Sept. 30, narrowed 45% from a loss of Rs5.6 billion posted in the year-ago quarter.
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.
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