All Airlines articles – Page 63
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NewsCebu Pacific sees operating profits rise in first half
Philippine low-cost carrier Cebu Pacific Air saw operating profits rise 44% in the first six months of 2024, on the back of stronger revenues.
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NewsKorean signs Asiana cargo sale agreement with Air Incheon
Korean Air has signed a “basic business sale agreement” with Air Incheon for the Asiana Airlines cargo business.
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NewsAir Canada second-quarter profit slides to C$410m amid a tough international market
Air Canada posted a profit of C$410 million ($298 million) during the second quarter, a decline of more than 50% from the same period last year, as costs rose and load factor as well as yields declined in an ever-tougher international market.
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Airline BusinessTurkish Airlines outlines mixed picture as yield declines slow but cost pressures tighten
While Turkish Airlines operating profitability slipped in the second quarter, the carrier took encouragement from an easing in the yield declines that have been evident since the start of the year.
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NewsAJet adds extra back-up aircraft to bolster operations
Turkish Airlines low-cost unit AJet lifted to a dozen the number of back-up aircraft as well adding more buffer into its operations as part of efforts to bolster its performance amid challenges to its aircraft availability.
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NewsLATAM to invest $2bn in Brazil in the next two years
Chile’s LATAM Airlines Group has pledged to invest $2 billion in Brazil in the next two years, focusing on “products, technologies and services for passengers as well as aeronautical maintenance activities”.
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Airline BusinessFlyadeal chief sees room for growth
The chief executive of fast-growing Saudi budget carrier Flyadeal sees plenty of room for its continued expansion over the coming years, even if a market normalisation post-Covid is being seen in more mature markets.
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NewsHigher costs dent Turkish Airlines’ second-quarter profit despite cargo lift
Turkish Airlines operating profits slipped 25% in the second quarter to $591 million amid heightened cost and unit revenue pressure, despite reporting a near 10% jump in revenues.
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NewsVirgin trims direct A350-1000 order as it signs for additional A330-900s
Virgin Atlantic appears to have reduced its order commitment for Airbus A350-1000s as it signed for seven A330-900s during this year’s Farnborough air show. The UK carrier originally planned to take 12 A350-1000s – eight on direct order and another four acquired through US lessor Air Lease – through an ...
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Airline BusinessWeek 32 2024: More earnings after European consolidation setback
The second-quarter earnings season continues this week, after last week saw IAG end its bid for Air Europa
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NewsAir Astana fleet growth ahead of track
Air Astana Group now expects to end the year with three more aircraft than originally planned as it bids to counter the impact of lost capacity from ongoing Pratt & Whitney engine inspections impacting some of its Airbus A320neo fleet.
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NewsNorse claims first Norway-Australia nonstop with chartered 787-9 flight to Darwin
Norse Atlantic Airways has conducted a service between Oslo Gardermoen and Darwin, claiming the first nonstop flight between Norway and Australia. The long-haul budget carrier operated the charter flight with a Boeing 787-9 (LN-FNB) – powered by Rolls-Royce Trent 1000 engines – which took off at about 06:50 on 3 ...
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Airline BusinessAllegiant focuses on revenue initiatives as it awaits first 737 Max
Allegiant Air is still waiting for its first Boeing 737 Max, which could be a blessing in disguise as it manages through the challenges facing the US low-fare air-travel market.
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Airline BusinessAirline news digest: 27 July to 2 August 2024
Our regular rundown of the biggest airline stories from the past seven days
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NewsUS operator Alpine Air Express tentatively agrees to take ERA hybrid-electric cargo aircraft
US regional freight charter carrier Alpine Air Express has tentatively agreed to acquire up to 75 of the French-developed Aura Aero ERA hybrid-electric aircraft. The carrier, based in Utah, uses a fleet of some 80 regional turboprops including the Beech 99, 1900C and 1900D. Alpine Air Express has signed a ...
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Airline BusinessIAG still wants Madrid to reach hub ‘first division’ despite ending Air Europa deal
Iberia owner IAG still has big ambitions for Madrid as a hub – and potentially in the M&A sphere – after announcing the termination of its deal to acquire the remaining 80% of Spanish carrier Air Europa
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NewsSpirit follows JetBlue in deferring deliveries of Airbus jets with PW1100Gs
Spirit Airlines became the latest airline on 1 August to say it had deferred deliveries of new Airbus A320neo-family jets, a move coming amid competitive pressure and operational upheavals caused by Pratt & Whitney (P&W) engine problems
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Airline BusinessSpirit defers Airbus deliveries and cuts pilots in turnaround push
Two days after introducing products to attract “premium leisure” travellers, Spirit Airlines says it has deferred deliveries of new Airbus jets and is furloughing pilots, moves coming as Spirit continued bleeding cash in the second quarter.
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Airline BusinessConstrained Wizz Air sees yield softness after ‘unprecedented’ Ryanair fare reductions
Wizz cited “lower close-in pricing” amid competitive pressure caused by Ryanair’s “unprecedented” fare reductions in recent weeks, prompting it to lower its unit revenue and full-year profit guidance.
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Airline BusinessYields hold strong for Japanese majors as uneven recovery continues
While its peers around the region warn of declining yields, Japan’s two largest carriers appear to buck the trend with yields holding strong – even on their domestic networks.