Singapore Airlines (SIA) says competition from its regional rivals will maintain pressure on yields amid volatile passenger demand after reporting a near doubling of third quarter operating profit thanks to lower fuel prices. The airline group said on Thursday operating profit rose 95.9 per cent to $S288 million in the three months to December 31
Demand for air travel in 2015 grew at its strongest pace since the end of the global financial crisis, with more passengers taking to the skies amid lower airfares, the International Air Transport Association (IATA) says. The latest passenger traffic numbers from IATA showed international revenue passenger kilometres (RPK) grew by 6.5 per cent in
Air New Zealand plans to install its fleet of ATR turboprops with Required Navigation Performance (RNP) technology at a cost of NS$25 million. The Star Alliance carrier will become the first ATR operator to use RNP, which allows aircraft to fly along predefined routes with the aid of GPS navigation systems. In practical terms, this
Virgin Australia says improving yield and revenue growth in the key domestic market has led to a strong rise in second quarter profit. The company said on Thursday statutory net profit for the three months to December 31 2015 came in at $60.8 million, a significant increase from $11.3 million in the prior corresponding period.
Singapore Airlines’ (SIA) first Airbus A350-900 (MSN 0026) has entered the final stage of production ahead of its delivery to the carrier in “coming weeks” after completing its first flight on February 2. “The aircraft, featuring the airline’s iconic livery, will now enter the final phase of production, including further ground checks and test flights,
Hong Kong Airlines will maintain flights to Cairns and Gold Coast after its three-month seasonal schedule concludes at the end of March. The Queensland government confirmed in a statement on Wednesday Hong Kong Airlines would have twice weekly flights to Gold Coast and Cairns from April, increasing to three times a week from July. Hong
