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Icelandair, linked to market talk it might raise its stake in Britain's easyJet, said its 9 month after tax earnings rose ISK1 billion krona (USD$15 million) year-on-year to ISK2.7 billion (USD$40.6 million).
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A federal bankruptcy judge on Friday agreed to consider a motion by United Airlines to cancel its union contracts to save USD$725 million a year.
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Low-cost airline Volare, Italy's third-largest carrier, said on Friday it was suspending all flights and ticket sales immediately.
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Polish state-owned airline LOT is set to make what could be a politically charged decision by the end of the year on whether to buy new planes from Airbus or its US rival Boeing.
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No-frills airline Ryanair flagged four new routes on Friday to step up competition with rival easyJet and said its founder had sold half his remaining stake in the company.
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Airline capacity in Australia exceeds demand at current prices and there is no quick fix for the industry, the head of Patrick Corp, a major share holder in budget airline Virgin Blue, said on Sunday.
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The government has given state-run Vietnam Airlines approval to buy four Boeing 7E7s and to finalize the purchase of 10 Airbus A321 aircraft, state media reported on Saturday.
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Four bidders including three private equity firms are through to a second round of bidding for global travel reservations firm Amadeus, sources close to the situation said.
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Southwest Airlines said it will have five new nonstop flights next March to Chicago's Midway Airport, which the low-fare carrier has marked as its number one point of expansion in 2005.
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A key measure of US airline industry revenue slipped more than expected in October, pressured by excess capacity, weak demand and a lingering impact from hurricanes in Florida, analysts said.
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Britain's easyJet said on Friday it was not aware of any immediate plans by Icelandair to raise its stake in the low-cost airline following a meeting between major shareholders in the two carriers this week.
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Debt-ridden African airlines need billions of dollars to modernize their ailing fleets and meet rising fuel prices to stave off competition from European and Middle Eastern carriers, a senior industry official said.
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France on Friday denied a press report that it planned to reduce its stake in Air France-KLM when the airline releases results next week.
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Chilean airline Aerolineas del Sur, partly owned by Spanish travel company Marsans, on Wednesday was cleared by the government to operate as a new local company, operating both domestic flights and runs from Santiago to Buenos Aires.
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TAM can fight off no-frills airline Gol in the fast-growing Brazilian market by holding its fares within 10 percent of its rival's, TAM's president Marco Antonio Bologna said on Wednesday.
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