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Canada's airlines hoping to return to the black in 2013

Canadian Airline Industry Canada's airlines hoping to return to the black in 2013

OTTAWA, Canada - Canada's airlines can expect a second consecutive year of losses in 2012, according to The Conference Board of Canada's Canadian Industrial Outlook: Canada's Air Transportation ...

Aer Lingus back in the black

Aer Lingus' assessment for the year ahead pretty downbeat Aer Lingus back in the black

LONDON — High fuel prices could significantly depress earnings this year, waned Aer Lingus, even as it reported a return to profit last year.

Jazeera Airways returns to profitability

Jazeera Airways Beats Analyst Expectations Jazeera Airways returns to profitability

KUWAIT CITY - Jazeera Airways Group today announced strong third quarter bottom line profit of KD 4.4 million, making the quarter its best performing quarter since establishment in 2005.

AMR Corporation reports Q3 profit of $143 million

AMR Profit Substantially Improves Compared to Last Year AMR Corporation reports Q3 profit of $143 million

FORT WORTH, Texas - AMR Corporation, the parent company of American Airlines, Inc., today reported a net profit of $143 million for the third quarter of 2010, or $0.39 per diluted share.

IATA: International airlines sector reported $4.4B profit

Airline Industry IATA: International airlines sector reported $4.4B profit

The International Air Transport Association (IATA) Monday reported a net profit of $4.4. billion for the international airlines sector and outlined a positive growth trajectory for the industry. ...

IATA: Global aviation industry to reap $8.9B profit in 2010

Aviation industry recovery stronger and faster than predicted IATA: Global aviation industry to reap $8.9B profit in 2010

The International Air Transport Association (IATA) has again revised its industry outlook, expecting the world’s airlines to post profits of US$8.9 billion in 2010, as the industry recovers ...

China Eastern Airlines' profit soars 79%

World Expo, Stronger Yuan boost airlines' profit China Eastern Airlines' profit soars 79%

Li Xiaowei

China Eastern Airlines Corp., the nation’s second-largest carrier by passenger numbers, saw first- half profit increase 79 percent as Shanghai’s World Expo spurred travel and a stronger yuan ...

Air New Zealand reports fourfold increase in profits

Air New Zealand's cost cutting boosts profits Air New Zealand reports fourfold increase in profits

Air New Zealand has reported a fourfold increase in profits, leading signs of recovery in the airline industry.

Irish airline Aer Lingus swings to profit in Q2

Aer Lingus Irish airline Aer Lingus swings to profit in Q2

Andras Gergely

DUBLIN - Irish airline Aer Lingus swung to profit in the second quarter after cost cuts more than offset the revenue hit from a volcanic ash cloud, and vowed to defend its independence by cutting ...

InterContinental Hotels Group InterContinental Hotels may increase number of its brands in China

Chris Spillane and Armorel Kenna

InterContinental Hotels Group Plc, owner of the Holiday Inn brand, posted a first-half profit after a loss a year earlier on higher sales in China and as business travel improved.

"Malev should see an operating profit in 2012”

Malev Hungarian Airlines CEO Martin Gauss "Malev should see an operating profit in 2012”

Luc Citrinot, eTN

Malev has embarked on a drastic restructuring process, as the Hungarian national carrier has been hit by the world financial crisis, with a recession in its home market, as well as harsh ...

Singapore Airlines' Recovery Singapore Airlines reverses a year-earlier loss, reports 1Q net profit

GAURAV RAGHUVANSHI And P.R. VENKAT

SINGAPORE — Singapore Airlines Ltd. reported a fiscal first-quarter net profit, reversing a year-earlier loss, as the global economic recovery boosted air travel.

Aviation news: Air India plans property, bonds sale to stay airborne

Air India Aviation news: Air India plans property, bonds sale to stay airborne

National Aviation Co. of India Ltd., the state-owned parent of Air India, plans to sell new bonds to sustain the company that has never posted a profit.

Aviation news: American Airlines still on a losing streak

American Airlines Posts 2Q Loss Aviation news: American Airlines still on a losing streak

DAVID KOENIG

DALLAS — American Airlines is losing less money these days, but it's still on a losing streak that's approaching two years.

United reports $273M 2Q profit

United Airlines United reports $273M 2Q profit

JOSHUA FREED

MINNEAPOLIS — The parent of United Airlines said on Tuesday that it earned $273 million in the second quarter, its best result in almost three years.

With more fliers, fewer seats, Delta may lead US carriers to quarterly profit

US Airline Industry May See first profit in two and a half years With more fliers, fewer seats, Delta may lead US carriers to quarterly profit

Elizabeth Wollman, Ed Dufner

Delta Air Lines Inc. and UAL Corp.’s United Airlines may lead U.S. carriers to the first quarterly profit in two and a half years as the industry benefits from cutting seats during the ...

Rising fuel costs dampen Carnival's profit

Carnival profit dips in 2Q Rising fuel costs dampen Carnival's profit

CHICAGO — Higher fuel costs dampened cruise operator Carnival Corp.'s second-quarter profit, but the company said Tuesday that its revenue rose and an important performance measure climbed for ...

Transat profit drops, still better than expected

Transat A.T. Inc. Transat profit drops, still better than expected

Susan Taylor

OTTAWA - Transat AT Inc posted an 85 percent drop in quarterly earnings on Thursday, stung by "intense competition", tighter profit margins and a stronger domestic currency, the Canadian holiday ...

Emirates expects to reap over $1 billion in profits this year

Emirates Airline Emirates expects to reap over $1 billion in profits this year

Emirates Airline is on track to reap more than US$1 billion (Dh3.67bn) in profits this year and has hinted strongly it will announce a multibillion-dollar order for more Airbus A380 superjumbos ...

Malaysia Airlines flies back into black

Malaysia Airlines Returns To Profit Malaysia Airlines flies back into black

KUALA LUMPUR, Malaysia - Malaysia Airlines posted profit in the first quarter, with increased passengers and compensation from Airbus over delivery delays of its A380 superjumbos helping to offset ...

Babylon: Preserving invaluable historic site or making money off it?

Preservation Vs Profit In Ancient Babylon Babylon: Preserving invaluable historic site or making money off it?

PAUL SCHEMM

BABYLON, Iraq – A U.S.-funded program to restore the ruins of Iraq's ancient city of Babylon is threatened by a dispute among Iraqi officials over whether the priority should be preserving the ...

GOL Airlines first quarter net profit declines due to rising costs

GOL Linhas Aereas Inteligentes SA GOL Airlines first quarter net profit declines due to rising costs

Rogerio Jelmayer

SAO PAULO - Brazilian no-frills airline GOL Linhas Aereas Inteligentes SA's profit declined in the first quarter due to an increase in costs in the period.

1Q: Slim profit for Southwest, big loss for Continental

Airline Industry 1Q: Slim profit for Southwest, big loss for Continental

DAVID KOENIG

DALLAS — Boosted by a modest rebound in business travel, Southwest Airlines Co.

Record first-quarter profit posted by Korean Air

Korean Air Record first-quarter profit posted by Korean Air

KYONG-AE CHOI

SEOUL—South Korea's flag carrier Korean Air Co. Wednesday posted a record first-quarter operating profit as a strong won and economic recovery boosted outbound travel and cargo shipments.

TAM Airlines ends 2009 with net profit

Profit Of 742 Million US Dollars TAM Airlines ends 2009 with net profit

eTN Staff Writer

Citing the performance to its fuel hedge positions and exchange variations as a consequence of the appreciation of the Brazilian currency, the real, against the US dollar,

Ryanair ups profit forecast as bookings soar

Ryanair Ryanair ups profit forecast as bookings soar

QUENTIN FOTTRELL

DUBLIN — Ryanair Holdings PLC on Thursday raised its full-year net-profit forecast following strong bookings and better-than-expected yields in late February and March.

British Airways: Strike does not change profit outlook

British Airways Strike British Airways: Strike does not change profit outlook

London - British Airways said Monday that it has flown more aircraft during the second strike by its cabin crew so far, adding that its full-year profit outlook remains unchanged by the ...

100-300M ringgit profit targeted by Malaysia Airlines

Malaysia Airlines 100-300M ringgit profit targeted by Malaysia Airlines

Simon Gardner

Malaysia Airlines is targeting a profit of 100 million to 300 million ringgit in 2010, which would mark an improvement in operating terms from 2009, CEO Tengku Azmil Aziz said on Wednesday.

AirTran turns profit in 2009

AirTran Airways AirTran turns profit in 2009

Sara K. Clarke

AirTran Airways managed to turn its fortunes around in 2009, posting a profit in a year in which some other airlines couldn't manage to stay in the black.

Azul Brazilian Airlines is likely to be profitable this year

Azul Linhas Aereas Brasileiras SA Azul Brazilian Airlines is likely to be profitable this year

Susan Carey

Brazil's newest discount airline, Azul Linhas Aereas Brasileiras SA, carried 2.2 million passengers in its first year of operation and is likely to be profitable this year, said David Neeleman, ...

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