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Business news and events affecting the global airline industry |  |
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| Mark Nensel Premium Content  A surge in cargo, loyalty program and premium fare up-sell revenue drove Delta Air Lines’ first-quarter 2018 operating revenue into quarterly record territory, with nearly $10 billion in GAAP revenue, up 9.5% year-over-year (YOY). Delta’s net income for the quarter, however, dipped 2.5% to $547 million, compared to $561 million for the 2017 March quarter.
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| Alan Dron  Norwegian regional carrier Widerøe is likely to expand its new fleet of Embraer E2 regional jets with a mix of models, the airline’s CEO said April 12.
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| Premium Content  International Airlines Group (IAG) acquired a 4.61% stake in LCC Norwegian, a move that could see it take full control later. IAG said in a statement it considered Norwegian to be an “attractive investment.”
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| Alan Dron Premium Content  Emirates Airline’s profits for its recently closed financial year will be “considerably better” than those for the previous 12 months, airline president Tim Clark said April 11.
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| Aaron Karp Premium Content  United Airlines president Scott Kirby conceded the “ruckus” on Wall Street over the airline’s aggressive growth plan has not subsided, but said individual investors believe the Chicago-based carrier’s strategy is sound and reiterated it plans to stay the course.
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