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

October 26, 2016

ATW News â For latest news go to ATWOnline.com

Southwest posts $388 million 3Q net profit despite July outage loss

Dallas-based Southwest Airlines posted a $388 million net profit for the 2016 third quarter, down 33.6% year-over-year (YOY) from $584 million in 3Q 2015.

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Airbus Group 3Q profits drop 87% as new variants ramp up

Airbus Group recorded a third-quarter net profit of €50 million ($56 million), an 87% drop from the year-ago figure of €376 million.

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Boeing posts $2.3 billion 3Q profit, boosts 2016 revenue guidance

Boeing reported a $2.28 billion consolidated net profit for the third quarter of 2016, up 33.7% from the company’s $1.7 billion net profit in 3Q 2015.

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GE’s TrueChoice™services suite offers an unmatched breadth of services and materials.

We work with operators, lessors and MROs to create tailored engine service offerings. Discover true choice at geaviation.com/truechoice.

Swiss International Air Lines orders additional Boeing 777-300ER

Lufthansa Group subsidiary Swiss International Air Lines (SWISS) has placed a new order for one 777-300ER, valued at $339.6 million at list prices.

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Air France CEO Frederic Gagey to become AF-KLM Group CFO

Air France CEO Frederic Gagey is expected to move to become Air France-KLM Group CFO, as the Franco-Dutch firm prepares to announce its new strategy.

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Last call for ATW Achievement Award nominations

This is the last week to enter for the 43rd Annual ATW Airline Industry Achievement Awards; the nominations form will close at midnight US eastern Friday, Oct. 28.