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

July 28, 2017

ATW News â For latest news go to ATWOnline.com

American 2Q net profit down 15.5%; Parker emphasizes long-term value

American Airlines posted a 2017 second-quarter net profit of $803 million, down 15.5% from net income of $950 million in the 2016 June quarter, and chairman and CEO Doug Parker continues to argue the company is significantly undervalued in the stock market.

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IAG first 1H net profit rises 2.3%

International Airlines Group (IAG) has reported a first-half net income of €567 million ($664 million), up 2.3% from a €554 million profit in the year-ago period, despite strikes and major operational disruption from a power outage.

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Air France-KLM reverses losses in 1H

Air France-KLM saw a turnaround in its financial results in the 2017 first half, delivering a group net profit of €151 million ($176.8 million), reversed from a loss of €114 million in the same period a year ago.

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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.

New venture can accept more airlines, says KLM CEO

The coalition of airlines behind a new transatlantic joint venture (JV) is open to accepting more partners into the arrangement, KLM CEO Pieter Elbers said July 28.

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China Eastern to expand Sino-Europe routes with AF-KLM stake

China Eastern Airlines chairman Liu Shaoyong said the carrier’s role in the new transatlantic joint venture (JV)—between Air France-KLM, US-based Delta Air Lines and the UK’s Virgin Atlantic—is to enhance its position in the Sino-Europe market.

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ATW Blog: Need I Say Moores

Air France-KLM and Virgin Atlantic: culture clash?

Victoria Moores

Air France-KLM pulled a surprise move, announcing plans to acquire 31% of UK long-haul carrier Virgin Atlantic, but how will the partnership play out in terms of culture and strategy?

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Other News

ATW Plus (Premium Content)

UK lifts electronics ban for one Turkish airport

The UK government has lifted its restrictions on electronic goods traveling in the cabin on flights originating from Istanbul Sabiha Gökçen International Airport.