Orient Aviation’s Week in the Asia-Pacific
By Dominic Lalk
Reporting season is back in the Asia-Pacific and the Middle East. Dubai’s Emirates Group posted a 67% year-on-year net profit gain, or US$1.1 billion, for the financial year ended March 31. Its Gulf neighbours, Etihad Airways and Qatar Airways, are struggling to curb losses. Earlier this week, Reuters reported Etihad might cancel some of its 62 ordered A350s and more than 50 additional B787s.
In Asia, Garuda Indonesia posted another loss, for the fiscal quarter to March 31, while Asiana Airlines announced its best quarterly operating profit in more than three years. But unfavorable foreign exchange rates meant the South Korean airline still recorded a small US$5 million loss for the three months to March 31. Jeju Air and VietJet Air also announced net profit gains for the first quarter.
Asia-Pacific carriers continue to modernize their fleets. Asia’s largest airline, China Southern Airlines, has taken delivery of its maiden B787-9, Thai Airways International (THAI) received its final A350-900 and Malaysia Airlines accepted a fifth XWB.
Emirates Group reports US$1.1 billion profit while Etihad could cancel orders Read More »
News
VietJet posts US$60 million first quarter profit
Hanoi-headquartered budget carrier, VietJet Air, reported a first-quarter net profit of VND1.4 trillion (US$60 million); a 263% year-on-year increase. Read More »
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China Southern accepts first B787-9
Asia’s largest carrier, China Southern Airlines, has taken delivery of the first of 12 direct order B787-9s. Read More »
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THAI takes delivery of final A350, for now
Thai Airways International (THAI) has taken delivery of its twelfth and final A350-900. Read More »
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“Boeing China” to open this year
Boeing hoped to open its B737 completion and delivery centre in Zhoushan by the end of this year, CEO Dennis Muilenburg, said in an earnings call. Read More »
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Asiana Airlines posts quarterly loss despite record operating results
Asiana Airlines’ first-quarter operating revenues were KRW64.3 billion, the highest in more than three years, but South Korea’s second largest carrier reported a KRW5.4 billion (US$5 million) net loss for the three months to March 31, largely on foreign exchange losses. Read More »
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Jeju Air announces US$33 million first quarter net profit
Popular South Korean budget carrier, Jeju Air, this week reported a first-quarter net profit of KRW36.1 billion (US$33.4 million), up 52% year-on-year supported by a 70% rise in operating profit, to KRW46.2 billion and revenue growth of 29%,to KRW240 billion. Read More »
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Garuda posts reduced losses for first quarter as industrial disruption threatens operations
State-controlled Garuda Indonesia has continued bleeding money in the first three months of its fiscal year. Read More »
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American Airlines cancels Chicago-Beijing route
American Airlines, will seek a dormancy waiver from the U.S. Department of Transportation for its daily Chicago-Beijing B787 route. Read More »
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Malaysia Airlines receives 5th A350
Malaysia Airlines Berhad (MAB) has taken delivery of its fifth A350-900, which it will fly to Osaka, Tokyo and London. Read More »
Short Takes
Routes: AirAsia X will add a four-weekly Kuala Lumpur-Amritsar A330-300 route from August 16. Read More »
