Shares in Air Canada closed down 12.3%, while Air Transat fell 8% and WestJet down 4% due to heavy trading. The sell-off was prompted by Air Canada Calin Rovinescu's comments about the impact of the f...
Fourth quarter 2013 combined net profit was $436 million on a non-GAAP basis excluding net special charges. This compares to a combined non-GAAP net loss of $42 million excluding net special credits f...
American Airlines Group (AAG) reported a GAAP net loss of $2.0 billion, which includes $2.4 billion of net special charges. This compares to a net profit of $262 million, which includes $350 million o...
Airlines have effectively had their revenue from tickets sales in Venezuela – approximately $3.3bn – trapped by currency controls. So far local reports stated that the airlines owed money have refused...
Southwest Airlines begins international operations with flights to the Caribbean starting on July 1. Southwest Airlines will operate daily, nonstop flights between: Atlanta and Aruba, and Montego Bay;...
The US Department of Transportation has rejected a request by Etihad Airways and equity partner Air Serbia to codeshare on services to JFK, Chicago and Washington Dulles via Belgrade. The application ...
Ecuadorean airline TAME has resumed flights to Venezuela following an agreement under which the Venezuelan central bank to release the owed funds owed to the company. Last week TAME refused to fly to ...
Silver Airways has named Sami Teittinen as its new Chief Financial Officer. In his new role, Teittinen will direct and oversee all aspects of the airline’s financial activities and join a highly exper...
Aeromexico has announced the addition of three weekly night flights using its 787 aircraft. Through the 10 weekly flights that Aeromexico will now be offering between Madrid and Mexico City (7 of them...
United Airlines (UAL) has reported full-year 2013 net income of $1.084 billion, an increase of 84% year-over-year, or $2.84 per diluted share, excluding $513 million of special charges. Including spec...
Southwest Airlines has reported fourth quarter net income, excluding special items, of $236 million, or $.33 per diluted share, compared to fourth quarter 2012 net income, excluding special items, of ...
Ecuadorean airline Tame has suspended flights to Venezuela since the airline has not received over $43 million from the Venezuelan Central Bank in overdue payment since April 2013. As a result of the ...
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