ARC NEWS
Azul follows Chapter 11 exit with 15% rise in Q4 profit
March 31, 2026
Five weeks after emerging from Chapter 11 bankruptcy protection, Azul has reported a fourth-quarter operating profit of R1.42 billion ($271 million), up 15% versus the same period in 2024. The Brazilian carrier's chief executive John Rodgerson states that "revenue reached an all-time record, supported by healthy demand, effective pricing actions, and solid contributions from our beyond-the-metal business units". Fourth-quarter revenue increased 4.6% to R5.8 billion while expenses grew 1.7%, to R4.38 billion. Azul raised fourth-quarter capacity 1.1% compared with the prior-year period. Load factor was up one percentage point, to 85%. Rodgerson notes that Azul's post-Chapter 11 "improved balance sheet" and "disciplined capacity growth" provide the carrier with "a meaningful ability to react to macroeconomic challenges such as the recent increase in fuel prices". Azul intends to reduce second-quarter 2026 domestic capacity by 1% under what it says is "a disciplined approach to capacity growth to maximise profitability and cash generation." It adds that it expects a one-third reduction in recurring aircraft leasing expenses in 2026 versus pre-restructuring estimates. "This improvement is primarily driven by the renegotiation of lease terms and the optimisation of the company’s fleet composition," Azul says.


Air New Zealand and Air China reauthorise alliance
March 31, 2026
Air New Zealand and Air China have had their alliance reauthorised until 2031 by New Zealand's transport ministry. The carriers have operated their China-New Zealand services through the alliance since 2015, primarily through opening domestic connections on each other's networks. "The alliance continues to improve access between New Zealand and key destinations across China, while supporting inbound tourism and business links with one of our largest trading partners," states Air New Zealand chief transformation and alliances officer Mike Williams. Cirium schedules data shows that Air China flies thrice weekly between Auckland and Beijing Capital, while Air New Zealand flies six times a week from Auckland to Shanghai Pudong.


​Oman completes SalamAir acquisition
March 30, 2026
The government of Oman has completed its purchase of a majority stake in local low-cost carrier SalamAir, as part of its plans to develop the country’s airline market. Writing on LinkedIn, chief executive Adrian Hamilton-Manns describes the move as a "major step" for the airline as it continues its turnaround strategy. That has involved refocusing on its core low-cost market, increasing its fleet, and launching routes to eight new destinations around the region. "The news announced today of change in ownership enables the airline to align with the goals of Vision 2040 and ensure SalamAir contributes to co-ordinated growth in the aviation sector," says Hamilton-Manns, adding: "Today's news means the future is indeed bright." The carrier was previously owned by the Muscat National Development and Investment Company. Oman’s Vision 2040 is a 20-year national development strategy launched in 2021 with the aim of transforming the country into a developed, diversified and sustainable economy. SalamAir has 19 aircraft, Cirium fleets data shows, a mix of Airbus A320s, A321s and one Boeing 737 Max.


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