American Airlines sees drop in 1Q profit on rising fuel prices

Aaron Karp

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American Airlines reported a 45.2% year-over-year (YOY) drop in first-quarter net income from $340 million to $186 million as soaring fuel costs overwhelmed an otherwise positive business environment for the Dallas/Fort Worth-based carrier.

Southwest reports 37% 1Q profit increase; takes 40 737 MAX options

Aaron Karp

Southwest Airlines has exercised 40 Boeing 737-8 options, bringing its total 737 MAX firm orders to 280 aircraft, and plans to retire 40 737-700s as it takes delivery of the additional 737-8s from 2019-2022.

Technicians find ‘no imminent safety concern’ with CFM56 engines

Sean Broderick

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With about 60% of mandatory inspections done, nothing pointing to a pressing CFM56-7B fleet-safety issue linked to fan-blade failure has turned up, the engine manufacturer reports.

US travel advocates applaud Pompeo as next Secretary of State

Michael Bruno

Advocates for businesses tied to US travel applauded President Donald Trump’s pick to be the next secretary of state, Mike Pompeo, after he was confirmed by the Senate April 26, but said they expect him to keep to positions he testified he supported.

Norwegian posts 1Q net loss on rapid expansion

Helen Massy-Beresford

Norwegian Air Shuttle reported a first-quarter net loss of NOK46.2 million ($5.9 million), compared with a net loss of NOK1.5 billion in the year-ago period, helped by a NOK1.9 billion financial gain from reclassification of its investment in bank Norwegian Finans Holding.

Allegiant Air 1Q net profit up 31% on revenue tools, MD-80 retirements

Sean Broderick

Las Vegas-based Allegiant Travel Co., parent of ultra-LCC Allegiant Air, reported 2018 first-quarter net income of $55.2 million, up 31% from $42.2 million in the 2017 first quarter.

Lufthansa Group narrows losses in 1Q; Eurowings weighs down profits

Lufthansa Group reported a 2018 first-quarter net loss of €57 million ($70.2 million), narrowed from a net loss of €68 million in the year-ago quarter. Group revenue for the quarter was down slightly to €7.6 million, down 0.7% compared to the 2017 1Q.

Southwest Airlines’ marketing activity ceased following engine failure
Air France faces more pilot strikes in May
Vietnam Airlines sees strong 1Q profit on demand growth
Zodiac Aerospace slowly recovering from production issues
United Airlines set to open second Polaris lounge

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