ATW Daily News ATW
Daily News
Business news and events affecting the global airline industry |  |
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| Sean Broderick  WestJet ULCC subsidiary Swoop took to the skies June 20 with an early-morning inaugural flight from Hamilton to Abbotsford, marking the next major development in what is an expanding Canadian low-cost airline scene.
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| Aaron Karp  Virgin Atlantic CEO Craig Kreeger will step down at the end of the year and be succeeded by Shai Weiss, the UK carrier’s current CCO and former CFO, on Jan. 1, 2019.
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| Bill Carey Britain’s trade minister resigned on June 21 over a planned House of Commons vote on whether to build a third runway at London’s Heathrow Airport.
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| Mark Nensel Canadian LCC WestJet Airlines’ regional airline service WestJet Link debuted June 20 with its first flight between British Columbia cities Cranbrook and Prince George, flown via capacity purchase agreement (CPA) with Vancouver-based regional carrier Pacific Coastal Airlines.
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| Mark Nensel Premium Content  Memphis-based FedEx Corp. reported $4.6 billion in consolidated net profit for fiscal 2018—up 53% over the company’s fiscal 2017 $3 billion net result—boosted by $2.1 billion in tax benefits, $1.6 billion of which came from the Tax Cuts and Jobs Act (TCJA) passed by the US Congress in late December 2017.
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| Bill Carey  The US Transportation Department Office of the Inspector General said June 20 it would review FAA’s safety oversight of Southwest Airlines following recent events that include an inflight engine failure in April that caused the death of a passenger.
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| Bill Carey A fatigue crack in a turbine disk web and subsequent uncontained engine failure led to the Sept. 8, 2015 engine fire on a British Airways (BA) Boeing 777-236ER on takeoff from Las Vegas, the US National Transportation Safety Board (NTSB) said June 20.
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ATW Editorâs Blog
| Karen Walker The scandal over children being separated from their parents by US border officials at the US-Mexico border has drawn some of America’s largest airlines into the political debate.
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| Advertisement  The IAFS explores the future with CEOs and senior executives from across the industry. Everything is changing, and we’ll be discussing how to optimize the future. Join us in Denver – August 19-21. Great insight and information and fabulous networking events including Boom Supersonic HQ visit. |
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