ATW Daily News ATW Daily News Business news and events affecting the global airline industry | |
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ATW News â For latest news go to ATWOnline.com 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. FULL ARTICLE |
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. FULL ARTICLE |
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. FULL ARTICLE |
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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. FULL ARTICLE |
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. FULL ARTICLE |
ATW Blog: Need I Say Moores 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? FULL ARTICLE |
Other News
ATW Plus (Premium Content) The UK government has lifted its restrictions on electronic goods traveling in the cabin on flights originating from Istanbul Sabiha Gökçen International Airport. FULL ARTICLE |
The chief commissioner controlling Italian flag carrier Alitalia has said he is confident the company can be saved, but changes must be made. FULL ARTICLE |
Premium News Subscription Air Transport World magazine How the 787-10 completes the Dreamliner family & 2017 World Airline Report FULL ARTICLE |
Polls Will low-cost, long-haul airlines launched by legacies like BA and Air France succeed? FULL ARTICLE |
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