All articles by Alfred Chua – Page 51
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NewsQantas forecasts bumper annual profit amid strong travel demand
Qantas expects a record full-year profit on the back of “continued strong travel demand”, and as fuel costs and supply chain issues begin to moderate.
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NewsHAECO, Finnair renew Airbus widebody base maintenance deal
HAECO has extended a base maintenance agreement with Finnair through 2026.
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NewsQantas eyes full capacity recovery by March 2024; to lease two Finnair A330s
Qantas expects to return to pre-pandemic capacity on it international network by March 2024, amid a ramp-up in flying that will also see the airline lease two Airbus A330s from Finnair to meet demand.
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Airline BusinessMerger gives Thai something to Smile about, but it must act fast
The merger of regional operator Thai Smile into parent Thai Airways International finally closes the chapter on regional airline units in Asia, and Thai must now act quickly to make up for lost ground, especially in the face of low-cost competition.
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NewsSIA, Cathay flag weaker cargo traffic amid strong passenger demand
Singapore Airlines and Cathay Pacific have flagged challenges in a weakening cargo market, even as passenger traffic continues to climb on the back of strong demand recovery.
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NewsPhilippine Airlines parent ups Q1 profit on travel rebound
PAL Holdings, the parent of Philippine Airlines, reported a marked improvement in its first-quarter profit, as air travel demand continued to recover.
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NewsSIA cancels eight Boeing 737 Max orders in fleet rejig
Singapore Airlines (SIA) Group has cancelled orders for eight Boeing 737 Max 8 aircraft, as part of a wider Boeing order adjustment for “projected operational requirements”.
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NewsSingapore Airlines Group swings to record S$2.7 billion annual profit
Singapore Airlines (SIA) Group has posted the highest full-year net profit in its history, on the back of what it says were “proactive strategic initiatives” and “pre-emptive preparation” it undertook during the pandemic.
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NewsJapan’s Skymark Airlines turns profitable on ‘remarkable recovery’ in demand
Japanese operator Skymark Airlines rebounded to a full-year profit amid “remarkable recovery” in travel demand as Japan eased much of its pandemic curbs.
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NewsAsiana net loss widens on weaker Won, though operating profit grows
Asiana Airlines widened its first-quarter net loss on the back of foreign exchange losses, and despite improving on its operating profit as travel demand picked up.
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AnalysisCan Indian MRO sector meet market potential?
For all its ambitions to be an aviation powerhouse in its own right, India’s fledgling aerospace sector has some way to go.
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NewsPhilippine Airlines confirms intention to sell Dash 8 Q300s
Philippine Airlines (PAL) has confirmed plans to sell its fleet of De Havilland Dash 8 Q300s, and is looking at “newer generation” aircraft to replace them.
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NewsST Engineering aerospace revenue sees strong Q1 recovery
ST Engineering’s commercial aerospace business recorded a “strong” rise in first-quarter revenue, as it eyes opportunities from China’s reopening.
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NewsCargolux 747 freighter loses landing gear bogie after emergency landing
A Cargolux Boeing 747-400 freighter suffered a “significant” landing incident at Luxembourg airport, where its right body landing gear bogie detached following an emergency landing.
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NewsThai full-service carriers return to black amid tourism rebound
Thai Airways International and Bangkok Airways returned to profitability in the first quarter of the year amid strong growth in tourist arrivals, especially from North Asia.
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NewsMitsubishi Heavy eyes rise in defence order intake as full-year profits up 66%
Mitsubishi Heavy Industry’s (MHI) aircraft, defence and space unit expects a significant rise in defence order intake this year – led by an uptick in missile systems orders – as Japanese defence spending grows.
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NewsChina Airlines firms up options for eight more 787s
China Airlines will exercise options to purchase eight more Boeing 787-9 aircraft, adding to an existing order for 16 examples first announced in August 2022 and firmed up a month later.
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Airline BusinessHow Indian airlines are positioned in push for growth
India’s airline market has seen a series of changes over the past year, with new entrants – like Akasa Air – entering the fray, and legacy carriers like Air India going private. More recently, ultra-low-cost carrier Go First suspended operations amid financial strife.
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Airline BusinessIndian market at ‘inflection point’, but can its airlines prosper?
While ambitious start-ups, a reinvigorated flag carrier and the continued growth of IndiGo provide plenty of reason for India’s leaders to believe this could be a turning point for the country’s aviation market, ongoing challenges facing Go First and SpiceJet remind of growing pains ahead
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NewsAir NZ to make multi-billion dollar investments in new jets, refurbishments
Air New Zealand is set to make significant investments in its fleet, capacity and marketing over the next five years, as the airline closes in on pre-pandemic recovery.