American hurt by Venezuela exposure, but posts record quarterly profit

American Airlines, which has the most exposure to Venezuela of any US carrier, expects the country’s economic travails to result in a 2%-4% decrease in the carrier’s system-wide fourth-quarter unit revenue.

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American hurt by Venezuela exposure, but posts record quarterly profit

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Alaska Airlines reaping benefits from 737-900ERs replacing 737-400s

Alaska Airlines added 8% in capacity year-over-year in the third quarter, but most of the increase was due to replacing smaller aircraft with larger ones and adding seats to existing fleets, the carrier’s executives said in a conference call with analysts this week.

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Alaska Airlines reaping benefits from 737 900ERs replacing 737 400s

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Turkish carriers gain open access to Sochi

Russian aviation authorities have removed all restrictions for Turkish carriers on service to Sochi International Airport for the next three IATA seasons. The move is part of the Russian government’s plan to recoup the investment on airport renovations to prepare for last year’s 2014 Winter Olympics.

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Turkish carriers gain open access to Sochi

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Lufthansa to outsource IT services to IBM in restructuring move

Deutsche Lufthansa is realigning its IT activities and will enter into a seven-year partnership with IBM, which it expects will reduce its IT infrastructure costs by at least €70 million ($89.4 million) per year.

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Lufthansa to outsource IT services to IBM in restructuring move

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Southwest, IAM workers reach tentative agreement

Southwest Airlines and the International Association of Machinists and Aerospace Workers (IAM)—representing the carrier’s approximately 6,000 customer service agents and customer support and services representatives—have reached a tentative agreement for a new four-year contract. The current contract became amendable in October 2012.

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Southwest, IAM workers reach tentative agreement

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Etihad signs two-month Aventus NowCast evaluation agreement

Etihad Airways has signed a commercial agreement with Swedish digital air traffic management products supplier AVTECH to implement its Aventus NowCast Descent service for Etihad’s operations into London Heathrow, Abu Dhabi and Jakarta airports.

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Etihad signs two month Aventus NowCast evaluation agreement

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BTS: August US airlines job report shows monthly loss, 1% yearly gain

US scheduled passenger airlines posted a full-time-equivalent (FTE) employee count of 384,478 personnel in August, up just 1% year-over-year, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).

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Boeing Announces SF Airlines Order for Boeing Converted Freighters

China carrier signs definitive agreement for 767BCFs

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Boeing Statement on Kunming Airlines Commitment for 10 737s

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Southwest reports profits up; plans measured 2015 capacity increase

Southwest Airlines will see most of its capacity growth in the fourth quarter of 2014 and next year come from expansion at two airports, Dallas Love Field and Washington National Airport (DCA), and upgauging as it removes its remaining Boeing 717s from its fleet.

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Norwegian 3Q net profit down 14% on US DOT approval delays

Budget carrier Norwegian Air Shuttle reported a net profit of NOK373.8 million ($57 million) for the third quarter, down 14% from the NOK435.9 million reported during the same period in 2013.

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JetBlue reports $79 million profit in 3Q, but Latin America underperforms

JetBlue Airways saw lower-than-expected summer yields in Latin America and the Caribbean, a problem executives blamed on increased competition and more capacity in the markets, executives said Thursday in its third-quarter earnings conference call.

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United more than doubles 3Q net profit as revenue rises, costs fall

United Airlines parent United Continental Holdings posted its second straight strong earnings period in the third quarter, reporting net income of $924 million, indicating the carrier may finally be joining the US airline industry’s financial turnaround.

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Airbus A350 XWB, A330 gains common type rating for pilot training

The Airbus A350 XWB and A330 have been approved for common type rating for pilots training to fly the aircraft.

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Volaris rebounds with $26 million 3Q profit; ancillary income up 58%

Mexico City-based ultra-low-cost-carrier (ULCC) Volaris further eased its cumulative 2014 losses in the third quarter, reporting a net profit of MXP347.3 million ($25.7 million), a 36.9% year-over-year improvement on the company’s 2013 September quarter results.

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