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ATW
Daily News
Business news and events affecting the global airline industry

August 2, 2017

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Qatar Airways backs away from American investment

Qatar Airways said it will no longer pursue buying a stake in American Airlines, contending “the investment no longer meets our objectives.”

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EU airlines urge hardline response to Brexit, says Ryanair CEO

Major continental European airlines are actively lobbying their governments to make the UK aviation sector’s exit from the European Union (EU) difficult, the CEO of Irish low-cost carrier (LCC) Ryanair said Aug. 2.

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ANA Holdings posts $454 million fiscal 1Q net profit

ANA Holdings reported a net profit of ¥51 billion ($453.9 million) for its 2017 fiscal first quarter, nearly an eightfold increase over the company’s ¥6.6 billion net income for its fiscal 1Q 2016.

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The most in depth conference ever held on the contaminated air debate. Enabling delegates to understand the flight safety implications, the latest scientific and medical evidence and the solutions available to airlines and aircraft operators.

Lufthansa Group 1H net profit up 56.6%

Lufthansa Group delivered a first-half net profit of €672 million ($766.7 million), up 56.6% from a net profit of €429 million a year ago.

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Atlas Air Worldwide 2Q net profit up 89%; adds Hong Kong Air Cargo

Atlas Air Worldwide Holdings—parent company of Atlas Air, Polar Air Cargo, Southern Air and Titan Aviation—reported a second-quarter 2017 net profit of $38.9 million, up 88.8% over net income of $20.6 million in the 2016 June quarter.

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Other News

ATW Plus (Premium Content)

Qantas, American refile ATI application

Australian flag carrier Qantas and Dallas/Fort Worth-based American Airlines are preparing to file another application for antitrust immunity (ATI) after a previous rebuff by US regulators, and Qantas is optimistic that this time it will be granted.