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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 Indust

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

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

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

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

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 faster t

China Eastern Airlines’ profit soars 79%

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 cut t

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

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 cost

InterContinental Hotels may increase number of its brands in China

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 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 competition i

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

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

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

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

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...

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 recession.

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 the f

Transat profit drops, still better than expected

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 trave

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 today.

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 ris

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

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 site

GOL Airlines first quarter net profit declines due to rising costs

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

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

Record first-quarter profit posted by Korean Air

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

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

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

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 walkouts.

100-300M ringgit profit targeted by Malaysia Airlines

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 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

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, founde