All Airlines articles – Page 27
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Airline BusinessAirline news digest: 2-8 November
Our regular rundown of the biggest airline stories from the past seven days
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Airline BusinessConfident IAG keeps its profit momentum
Launch of a €350 million ($377 million) share buyback programme underlined British Airways and Iberia parent IAG’s confidence in its financial performance after delivering a further increase in profit for the third quarter.
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NewsImproved A380 reliability helping BA offset 787 engine availability issues
IAG unit British Airways is continuing to work through the challenges on its Rolls-Royce Trent 1000-powered Boeing 787s which prompted it to remove some its planned winter capacity, while remaining on the lookout for options to bolster its long-haul fleet.
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NewsRiyadh Air likely to look at longer-range variant as part of A321neo deal
Saudi Arabian start-up Riyadh Air is likely to take a longer-range variant of the Airbus A321neo as part of its deal for 60 of the narrowbody jets.
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NewsIAG upbeat on rest of year after lifting third-quarter profit
IAG expects its strong financial performance to continue in the last quarter of the year after lifting operating profit 15% in the third quarter to over €2 billion ($2.15 billion).
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Airline BusinessHow KLM went from group’s star performer to problem child
While work to transform Air France has begun to bear fruit, KLM’s performance has been deteriorating over the past couple of years
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Airline BusinessAircraft shortage slows Turkish Airlines growth story
While consistent post-pandemic growth means Turkish Airlines third-quarter revenues topped 2019 levels by 65%, the wider industry and economic challenges that have stalled progress for many other operators are impacting it too.
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NewsGol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsRiyadh Air plots new widebody aircraft order
New Saudi Arabian national carrier Riyadh Air aims to make a decision in the first half of next year on a further widebody aircraft order, as it ponders a deal for either Airbus A350-1000s or Boeing 777X jets.
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NewsFormer Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
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NewsFlybondi to wet-lease two Boeing 737s from AlbaStar
Argentine ultra-low-cost carrier FlyBondi has entered into its first wet-leasing agreement with the Spanish airline AlbaStar.
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NewsRise Air to be Canada’s launch customer for ATR 72-600
Canadian regional operator Rise Air will be the country’s launch customer for the ATR 72-600, after it placed a firm order for one aircraft to be delivered in 2025.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.
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Airline BusinessUncertainty breeds frustration, but also resilience: IATA’s Walsh
The uncertainty that the airline industry is having to deal with since the end of the Covid-19 pandemic – delivery delays, taxation hikes, geopolitical instability – has made it more difficult for managers to plan, but it has also made the entire segment more resilient, IATA director general Willie Walsh tells Airline Business
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NewsCourt stays controversial Dublin capacity cap pending EU consideration
Ireland’s High Court has granted a stay over the controversial passenger cap at Dublin which would have resulted in slot restrictions for summer 2025. The restriction is a consequence of planning conditions imposed in 2007 which limit annual passenger numbers at the airport’s two terminals to 32 million. Ireland’s aviation ...
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NewsTurkish Airlines’ profit slips in third quarter despite cargo strength
Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo performance helped offset flat passenger revenue.
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NewsSouthwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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Airline BusinessEasing yield picture offers Ryanair boost in year bookended by challenges
While on one level the headlines from Ryanair’s second quarter results offer plenty of reasons for concern, it is encouraged by an easing of recent yield declines and a growth advantage next year