SAS Scandinavian Airlines has reported a SEK556 million ($61.7 million) 1Q net loss for the November to January period, more than doubling the SEK246 million loss it posted in the year-ago period....More
2016 Fiscal year financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2016 fiscal year or equivalent....More
Halifax-based Chorus Aviation, the parent company of Canadian regional airline Jazz Aviation, posted 2016 net profits of C$111.8 million ($83 million), more than quadrupling its C$25.5 million net result for 2015....More
Atlas Air Worldwide Holdings earned a 2016 net profit of $41.5 million, a nearly six-times increase over net income of $7.3 million in 2015, though the 2015 results are skewed by one-time charges related to settling class-action litigation....More
Mexican low-cost carrier Volaris posted a 2016 net profit of MXN3.5 billion ($170 million), up 42.8% over net income of MXN2.46 billion in 2015, on a 29.3% year-over-year rise in revenue to MXN20.8 billion....More
I flew to Abu Dhabi for a short work trip in January and, if I’m honest, I found the security and screening processes at that airport ahead of my flight back to Washington DC a bit annoying.
However, given today’s announcement about new US security rules for flights from that airport and nine others, most of them also in the Middle East, the focus of my annoyance has changed....More