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Lufthansa Group refines forecast for 2013

Lufthansa Group reported operating result before restructuring costs and non-recurring effects increased to about €860m in the first nine months of 2013, the operating result, including non-recurring costs for the Score program and project costs for product improvements, came to €660m for the first nine months (previous year: €907m). Lufthansa Group increased its adjusted operating

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Korean Air finalizes order for 12 Twin-Aisle airplanes

Korean Air and Boeing have finalized an order for five 747-8 Intercontinentals and six 777-300ER (Extended Range) jetliners that was announced as a commitment during the Paris Air Show in June. In addition, Korean Air has also announced an order for one additional 787 Dreamliner. The value of the combined order is valued at $3.9bn

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EL AL Israel Airlines orders two more 737-900ERs

Boeing and EL AL Israel Airlines have finalized an order for two additional Next-Generation 737-900ER (Extended Range) airplanes. The order comes just two weeks after the Israeli flag-carrier took delivery of its first 737-900ER. This order brings the total number of 737-900ERs ordered by EL AL to eight.

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GECAS delivers new Airbus A320 to Spring Airlines

GE Capital Aviation Services Limited (GECAS) delivered a new Airbus A320 to Spring Airlines to expand the Chinese low-cost carrier’s fleet. The aircraft comes from GECAS’ existing order book with Airbus. Spring Airlines operates a fleet of more than 30 aircraft to destinations in China, Japan, Macau and Thailand.

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Lufthansa Technik develops process for safe cabin installations in CFC aircraft

In the framework of the “Fiber Force” research project, started in 2010, working together with the German Aerospace Center (DLR) and the Technical University of Darmstadt, Lufthansa Technik has developed methods for load transmission into carbon fiber composites (CFC) aircraft fuselage structures for VIP customer aircraft. New generations of aircraft, such as the Airbus A350

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Finnair lowers financial guidance for 2013

Finnair’s turnover decreased slightly in the third quarter of the year from the corresponding period in 2012 and totalled €637m. Turnover was affected especially by the year-on-year decline in euro-denominated revenue, driven by the weak yen. Demand for air traffic developed well, but not enough to compensate the decrease in unit revenues, which was reflected

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Alaska Air Group reports record third quarter 2013 results

Alaska Air Group reported third quarter 2013 GAAP net income of $289m compared to $163m in the third quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $20m and a one-time special revenue item of $192m ($120m after tax) that primarily resulted from the application of new accounting rules associated with the

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