AeroCentury, an independent aircraft leasing company, has reported a second quarter net loss of US$81,000, compared to net income of US$371,000 for the first quarter of 2018 and net income of US$356,000 for the second quarter of 2017. In the first six months of 2018, net income decreased 76% to approximately US$236,000, from approximately US$997,000 […]
AeroCentury posts second quarter 2018 loss Read More »
It has been a tough time for Touristik Union International (TUI), the world’s largest leisure, travel and tourism company in the world, the result of which has seen the Group’s underlying earnings fall 18% to €193 million for the previous three months up to the end of June, net profit falling 31% to €110.5 million
TUI encounters quadruple troubles, sees double-digit three-month earnings drop Read More »
The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.7% in June 2018, compared to the same period the year before. This continues the slowdown in air cargo growth that began earlier in 2018. Growth for the first half of
Freight growth slowdown continues in June Read More »
Turkish Airlines managed to increase both passenger and cargo revenue in the first half of 2018. Total revenue for this period increased significantly, by approximately 30% compared to the same period last year, reaching US$6 billion. During this period Turkish Airlines increased net operating profit from US$17 million to US$258 million, due to increasing demand
Turkish Airlines posts operating net profit for first half 2018 Read More »
In July 2018, the Lufthansa Group airlines welcomed around 14.2 million passengers. This shows an increase of 8.2% compared to the previous year’s month. Capacity was up 7.0% over the previous year, at the same time, sales increased by 7.0%. As compared to June 2017, the seat load factor decreased slightly by 0.1 points to
Lufthansa Group Airlines welcome around 14.2 million passengers on board in July 2018 Read More »
Willis Lease Finance Corporation has reported a pre-tax profitv of US$11.6 million in the second quarter of 2018, driven by strong sales in each of its leasing, spare parts and asset management businesses. The Company achieved record quarterly lease rent revenue of US$43.1 million in the period driven by continued high utilization and 14.9% growth
Willis Lease Finance reports second quarter pre-tax profit of US$11.6 million Read More »
C&L Aerospace, A C&L Aviation Group company, has purchased an ERJ145 aircraft to be parted out. All parts from the aircraft will be stocked in C&L’s warehouses in the US and around the globe. Parts from the ERJ will supplement existing inventory and be used to support PBH and rotable parts contracts, as C&L currently
C&L Aerospace purchases ERJ145 Read More »
Werner Aero Services has acquired an Embraer E-190, MSN233. This jet will be used to support Werner Aero Services continued expansion of its E-Jets asset management programs. Werner Aero Services E-Jets business includes pooling access, repair management, engine leasing, as well as nacelle and spare support. “We are excited to add this E-Jet to our
Werner Aero Services acquires one Embraer E-190 Read More »
Another 250 flights have been added to the list of Ryanair cancelations as the German Pilots’ union Vereinigung Cockpit (VC) confirms that pilots will be taking strike action this Friday after a 96 percent majority of Ryanair pilots employed in Germany voted in favor of a walk out. They now join the ranks of striking
Ryanair forced to cancel one in six Friday flights as German pilots join strike action Read More »
Southwest Airlines has reported that traffic in July 2018 increased 2.1% comapared to July 2017, while capacity increased 3.2%. The July 2018 load factor was 86.3%, compared with 87.3% the previous year.
Southwest Airlines reports July load factor of 86.3% Read More »
