ATW Daily News ATW Daily News Business news and events affecting the global airline industry | |
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ATW News 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. FULL ARTICLE |
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. FULL ARTICLE |
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. FULL ARTICLE |
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. FULL ARTICLE |
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. FULL ARTICLE |
Other News ATW Plus (Premium Content) Ukraine plans to create a state-owned company this year to oversee the country’s airports, according to a government plan. FULL ARTICLE |
Premium News Subscription Air Transport World magazine Ramifications of US airlines’ financial prowess FULL ARTICLE |
This Week in MRO Digest Qatar CEO Losing Patience With Pratt On A320neo FULL ARTICLE |
Blogs Polls 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? FULL ARTICLE |
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