Lufthansa Group results boosted by fuel prices, JetBlue buy back

The Lufthansa Group has reported a 2015 net profit of €1.7 billion ($1.9 billion), up significantly from a net profit of €55 million in 2014,  although the main contributors were lower fuel prices and money received from withdrawing its stake in US carrier JetBlue Airways.

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Spohr: Eurowings unit costs 30% lower than hub airlines

Lufthansa Group low-cost subsidiary Eurowings is delivering unit costs of up to 30% lower than its hub airlines, Lufthansa chairman and CEO Carsten Spohr told reporters and analysts during the group’s financial results conference.

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FedEx fiscal 3Q net profit down 19%, but Express unit shines

US-based FedEx Corp. reported a fiscal third-quarter net profit of $507 million, down 19% from net income of $628 million earned in the prior-year quarter, but the company pointed to rising revenue and a strong performance in its FedEx Express airline segment.

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Estonia’s Nordica opts for Bombardier aircraft

Estonian flag carrier Nordica will use a fleet of Bombardier regional jets as it starts to transition from leased-in aircraft to its own equipment in the coming months.

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Frontier Airlines promotes Biffle to CEO

Frontier Airlines, the Denver-based ultra low-cost carrier (ULCC), has promoted president Barry Biffle to CEO and appointed him to the airline’s board of directors.

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• Thailand’s Nok Air widens net losses in FY 2015
• Airbus forecasts 1,600 new aircraft for India by 2034
• Royal Brunei names new CEO
• IATA launches cargo safety campaign
• APG opens Cuba office
• MRO Briefs-March 17, 2016

Ukraine to create state-owned entity to manage airports

Ukraine plans to create a state-owned company this year to oversee the country’s airports, according to a government plan.

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On a Roll

Ramifications of US airlines’ financial prowess

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Qatar CEO Losing Patience With Pratt On A320neo

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ATW Editor’s Blog: Gordon’s alive, but not necessarily doing his best by United 
ATW’s AirKarp Blog: MH370: Where do we stand two years later?
ATW Time Capsule: You’ve Come a Long Way, Baby
ATW’s Need I Say Moores: Europe’s 2016 crystal ball reading

This week's poll question

United is the first US carrier to operate regular biofuel flights, using a 30/70 biofuel/petroleum-fuel mix on LAX-SFO flights. Will more US airlines follow?

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ATW Photo Gallery-In the News-March 2016
ATW Photo Gallery-Embraer E-Jet Factory Tour Feb. 24, 2016
ATW Video: 360-Degree View of Embraer E190-E2 Factory
ATW Photo Gallery-Embraer E190-E2 rollout
ATW Video: Embraer E190-E2 Cabin Interior
ATW Photo Gallery-2016 Annual Airline Industry Achievement Awards gala
ATW Photo Gallery-Passenger Experience/Cabin Interiors
ATW Photo Gallery-New Aircraft Liveries-Before & After
ATW Time Capsule-Photo Gallery

US Passenger Airlines Employment Yearly Change: January 2016
Data update: Top 20 Airlines by Passenger Load Factor Year-to-Date: February 2016
Top 30 Airlines by RPKs Year-to-Date: February 2016
World Airline Traffic February 2016 Roundup

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