Adrian Schofield

Aviation Week


AirAsia nearly doubles 1Q profit on asset sale, passenger growth 
The AirAsia Group almost doubled its first-quarter net profit to MYR1.1 billion ($276.3 million), boosted mainly by the sale of assets, but also fueled by higher passenger volume.
AirAsia X Airbus A330-300
AirAsia X to grow fleet, network on 1Q profit boost
AirAsia X reported a first-quarter group net profit of RM41.5 million ($10.4 million), up from a profit of RM10.3 million in the same period last year.
Thai Airways chooses investment agency exec as new CEO 
Thai Airways named Sumeth Damrongchaitham, the head of a Thai government-owned investment agency, as the carrier’s next president and CEO.
Australasian market shifts with alliance changes 
Alliance moves change Australasian airline landscape.
SIA, SilkAir to merge after cabin upgrade 
Singapore Airlines (SIA) is taking another major step in streamlining its group structure, announcing plans to merge its SilkAir subsidiary into the core parent carrier.
Korean Air A330-300
Korean Air posts 1Q net loss on exchange rate shifts, higher costs 
Korean Air recorded a first-quarter net loss of KRW10 billion ($9.2 million), reversed from a KRW559 billion net profit in the same period last year.
Singapore Airlines Boeing 787-10
Singapore Airlines sees strong profit growth on turnaround program 
Singapore Airlines (SIA) more than doubled its net profit for its 2017/18 fiscal year through March 31, as robust revenue growth managed to offset continued yield weakness and rising fuel costs.
Japan Airlines Boeing 787-8
Japan Airlines to launch long-haul LCC subsidiary 
Japan Airlines (JAL) plans to launch a new LCC subsidiary to operate widebody aircraft on medium- and long-haul international routes.
North Korea pledges airspace safety improvement in ICAO meeting 
North Korea has committed to taking steps to improve its airspace safety, which could open the way for airlines to resume using North Korean airspace for overflights.
Garuda Indonesia reduces 1Q net loss on increased fleet utilization 
Garuda Indonesia reported a $64.3 million net loss for the first quarter of 2018, an improvement from a loss of $101.2 million a year ago, as the carrier made progress on many of its turnaround goals in addition to increased fleet utilization.
Vietjet Airbus A320
Vietjet nearly quadruples 1Q net profit on rising passenger numbers
Vietnamese LCC Vietjet nearly quadrupled its first-quarter 2018 net profit, and the carrier said it is comfortably ahead of financial targets for the year to date.
Asiana Airlines A380
Asiana posts $5 million 1Q net loss; operating profit soars on high demand
South Korea’s Asiana Airlines slipped to a net loss of KRW5.4 billion ($5 million) in the first quarter, although it also recorded its highest operating profit for three years.
North Korea asks ICAO for route through South Korea airspace 
ICAO is involved in moves that could lead to improved aviation cooperation between North and South Korea.
Asiana Airlines A350-900
Asiana Airlines adds more A350 long-haul routes
South Korean carrier Asiana Airlines is deploying Airbus A350-900s on an increasing number of long-haul routes as more of the type are delivered.
AirAsia India A320
AirAsia India CEO to return to Malaysia HQ
The head of AirAsia’s Indian joint venture is stepping down to return to the group’s Malaysian headquarters.