AW Daily
Italy Prepping to Sell ITA Airways Stake to Lufthansa for $250 Million
To the patient belong the spoils, this they could say of the privatization of Italy's ITA Airways. The Lufthansa Group appears poised to win the contest for the state-owned carrier, even after an apparent loss this fall to the private...
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Bankrupt SAS Losses Mount Even as It Plans 2023 Expansion
The red ink continued to flow at bankrupt SAS in November even as the airline plans for a strong summer travel season next year. The Stockholm-based carrier posted a $48 million loss on $270 million in revenue for November, according...
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Aviation Supplier AAR Bullish on Air Travel Recovery, Aircraft Production Delays
Aviation industry supplier AAR is optimistic on the future as the strong travel recovery coupled with production challenges at Airbus and Boeing are driving increased demand for its maintenance and other services. Aircraft "that are bread and butter for us...
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Over-Leveraged American Airlines Takes Another Big Step to Pay Down Debt
American Airlines leadership knows they have a debt problem. That's why the carrier is aggressively repaying its obligations with an unexpected payment of more than $1 billion this week. Merry Christmas Wall Street. The Fort Worth, Texas-based airline repaid early...
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Mesa Airlines Deal With United Latest Fallout of U.S. Pilot Shortage
Mesa Airlines is going all in with its partners United Airlines and DHL after being dropped by long-time associate American Airlines, the latest shakeout from the U.S. pilot shortage. The news broke Saturday that American, which has partnered with Phoenix-based...
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What’s New on LAX’s $6 Billion Expansion Project Ahead of 2028 Olympics
Los Angeles International Airport is moving forward with two long anticipated terminal expansions aimed at boosting capacity ahead of the 2028 Olympics at one of the busiest airports in the U.S. The projects in question are the planned nine-gate Concourse...
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Virgin Australia Uses 737s to Keep Tokyo Slots as Hedge for Future Longhaul Asia Return
Virgin Australia has emerged a much stronger airline from the Covid-19 pandemic than it was at the outset of the crisis. A court-led restructuring of Australia's second largest carrier created a leaner and, executives hope, a much more profitable airline....
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Delta Projects Profits Will Double in 2023 on Healthy Return of Business Travelers
Delta Air Lines expects profits to nearly double next year as its outlook continues to improve. People want to and are traveling, corporate business is picking up, and cost growth is slowing all of which give Delta the confidence that...
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United Bets Big on International Travel With Order for 200 Boeing 787s, 737 Maxes
United Airlines Chief Financial Officer Gerry Laderman once said that an airline could buy a plane tailored to a few routes in its network but, if that is the case, it should not buy said plane. The better bet was...
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Chinese Plane Manufacturer Comac Delivers Ambitious New Narrowbody Jet to Compete With Boeing, Airbus
The Commercial Aircraft Corporation of China, or Comac, delivered its first C919 on Dec. 9, following more than a decade of development. The plane, now in the fleet of Shanghai-based China Eastern Airlines, will enter revenue service early next year. China...
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AirAsia’s Renewed Southeast Asia Focus to Include Launching a New Airline
The pandemic has wrought big changes on Southeast Asia's largest budget airline, AirAsia. The collection of carriers, primarily owned by Malaysia's Capital A, is preparing to launch a new airline in Cambodia while also on the cusp of a major...
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French Bee Bets on U.S. Expansion in Face of New Transatlantic Competition
Leisure airline French Bee is bullish on its business to the U.S., even as JetBlue Airways and Norse Atlantic Airways prepare to ratchet up competition on popular transatlantic routes to Paris. Privately-held French Bee is in the midst of its...
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