Data & Financials

Hong Kong’s largest carrier Cathay Pacific Airways reported a 6% year-over-year (YOY) increase in passengers carried for June, to 3.1 million, despite the ongoing protests and civil unrest in Hong Kong that deterred potential Asian travelers from flying into the territory.

UK LCC easyJet reported a 11.4% revenue increase to £1.8 billion ($2.2 billion) in a trading update for the third quarter ended June 30.

United Air Lines reported a second-quarter net income of $1.1 billion, up 54% year-over-year (YOY).

Central and Eastern European airline Wizz Air will reduce frequencies on some routes from Kiev (Ukraine) and Warsaw (Poland) in August because of an aircraft delivery delay.

Finnair posted a €31.2 million ($35 million) second-quarter net profit, reversing a €15.5 million net loss for the comparable period in 2018.

Vietnam Airlines reported a VND1.8 trillion ($77.5 million) pre-tax profit for the first half of 2019, up 21.8% year-over-year (YOY) and 13.6% above its planned profit.

Reunion-based Air Austral has posted a €4.5 million ($5.1 million) full-year net loss, its first loss in five years.

Alaska Airlines and Spirit Airlines delivered largely encouraging updates on projected second-quarter results, providing more evidence that the US market is strengthening as it hits peak summer.

Strong revenue gains helped Delta Air Lines post a second-quarter adjusted net income of $1.5 billion, a 24% increase from $1.2 billion in the year-ago period.

Air China has ordered 20 Airbus A350s, adding to 10 in service and providing potential replacements for carrier’s oldest long-haul aircraft.

The grounding of its 24 Boeing 737 MAXs cost American Airlines $185 million in pre-tax second-quarter income and dented its growth and unit-cost projections, the airline said July 10.

Saudi Arabian LCC flyadeal has announced an order for 30 Airbus A320neos, plus 20 options, reversing a commitment with Boeing for 30 737 MAX 8s, plus 20 options.

Air France and KLM will swap their remaining firm orders for Airbus A350s and Boeing 787s and as they seek to gain fleet efficiencies through harmonization and accelerated growth of similar aircraft at both airlines, the Air France-KLM Group said June 28.

Japanese LCC Peach Aviation slipped to a net loss in its fiscal year ended March 31, which the carrier partly attributed to costs associated with its merger with Vanilla Air.