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Business news and events affecting the global airline industry |  |
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|  Irish LCC Ryanair is more optimistic that flights between the UK and the European Union (EU) will not come to a grinding halt when the country leaves the bloc (Brexit) in March 2019.
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| Mark Nensel  São Paulo-based LCC GOL reported a BRL378.2 million ($114 million) net profit for 2017, a 65.7% drop from BRL1.1 billion in 2016 net income, as the company paid BRL547 million in deferred income taxes during the year.
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| Victoria Moores Premium Content  Airline CEOs attending the Airlines for Europe (A4E) Aviation Summit believe there is scope for further European consolidation, with Ryanair CEO Michael O’Leary predicting that “the next downturn is imminent.”
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| Victoria Moores Premium Content International Airlines Group (IAG) CEO and new Airlines for Europe (A4E) chairman Willie Walsh has said the association will “beat people to death” on the same core issues as the body enters its third year.
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| Sean Broderick  Aeromexico’s fleet transformation hit two major milestones in late February with the delivery of its first Boeing 737 MAX and the retirement of its last 777, leaving the carrier with three basic fleet types.
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| Alan Dron Premium Content Sweden-based cargo specialist West Atlantic reduced losses in 2017, ending the year with a net loss of SEK61.6 million ($7.5 million) compared to a deficit of SEK81.8 million for the previous year.
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