All news – Page 24
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NewsAmerican posts Q1 profit of $10m amid ‘dynamic’ air travel demand
American Airlines posted a profit of $10 million – its first first-quarter profit in four years – as demand for air travel remained “dynamic”.
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Newsletter
Will there be enough clean energy to produce future fuel for airlines?
A report published this week highlights the huge amount of new infrastructure and investment required to ensure there will be enough clean energy to produce the alternative fuels that will power the aviation sector towards decarbonisation.
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Ageing freighters face fallout from reduced air cargo demand
Older freighters are being grounded as a result of ongoing reduced demand and increased capacity in the air cargo sector, according to Sander Schuringa, manager of market intelligence at Seabury Cargo.
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Lufthansa to start Munich-Bangalore flights, adds A380 to Bangkok and LA routes
Lufthansa is to begin services this winter to Bangalore in India, part of an expansion of its operations from Munich which will also see it deploy its returned Airbus A380s on flights to Bangkok and Los Angeles from the German city.
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Finnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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USA approves possible $1 billion Norwegian purchase of six Seahawks
US officials have approved the possible sale of six Sikorsky MH-60R Seahawk maritime helicopters and related equipment to Norway.
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ITA A330 departed JFK after crew did not notice taxi collision with 777
US investigators have concluded the crew of an ITA Airways Airbus A330-200 misjudged the available space while taxiing past an Air France Boeing 777-200ER, colliding with the parked aircraft and then proceeding to take off despite both jets’ sustaining damage. The accident occurred in darkness at New York JFK on ...
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MTU chief confident on supply chain improvements
Germany’s MTU Aero Engines predicts that disruption to the aerospace industry supply chain will ease as 2023 progresses but cautions there may be further bumps along the way.
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Airlines are maintaining focus on air cargo: IATA chief
Airlines are maintaining the focus on air cargo that they gained during the Covid-19 pandemic, according to IATA director general Willie Walsh.
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Lessor Avolon committing to 40 more 737 Max jets
Irish-based lessor Avolon is intending to order 40 Boeing 737 Max jets, for delivery over the course of 2027-30. The lessor values the provisional agreement at more than $4 billion at catalogue prices. Avolon was responsible for delivering the first Max to its customer in 2017. It has not specified ...
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AAPA flags ‘lacklustre’ Asia-Pacific cargo traffic as passenger travel rebounds
The Association of Asia Pacific Airlines (AAPA) has warned of a “lacklustre” air cargo market in the region amid a decline in demand that is being juxtaposed by “robust recovery” in passenger traffic.
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News
Boeing encouraged by China’s signals on 737 but keeps conservative outlook
Boeing is taking a conservative view on the Chinese market but is encouraged by the gradual return to service of 737 Max jets in the country. Speaking during a first-quarter briefing, chief executive Dave Calhoun said all Max operators in China have brought at least part of their fleet back ...
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ANA parent swings to first operating profit in three years
All Nippon Airways parent ANA Holdings swung to an operating profit for its 2022 financial year, benefiting from the lifting of travel restrictions related to the coronavirus pandemic.
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Air China to sell eight A330s to cargo unit in fleet rejig
Air China is to sell eight Airbus A330-200s to its cargo unit Air China Cargo in a deal worth up to $114 million, as part of fleet optimisation efforts and to “improve the economic benefits” of aircraft disposal.
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AirAsia units ramp up international capacity amid ‘sustained demand’
AirAsia Aviation carriers see “sustained demand” in international travel demand amid a significant capacity ramp-up in the first quarter of the year, including resuming flights to Mainland China.
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Strong demand, cheaper fuel prompt Air NZ to up profit guidance
Air New Zealand has increased its profit forecast for the 2023 financial year, citing strong demand for both domestic and international travel.
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Hong Kong Airlines restructuring gets underway; network, fleet ‘realignment’ to come
Hong Kong Airlines (HKA) expects to undertake a network and fleet “realignment” in the near term, as part of business recovery efforts after it secured investment for its restructuring.
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Avianca fires back at Aerocivil for ‘unfeasible conditions’ on Viva acquisition
Colombian airline Avianca has sharply criticized a decision by the country’s civil aviation regulator on it’s planned acquisition of now-defunct Viva Air.
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Spirit loses $104m as first quarter costs outpace surging revenue
US low-cost carrier Spirit Airlines reports a $104 million loss for the first quarter of 2023, compared with a $195 million loss during the same period last year.
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News
P&W only at halfway point of PW1100G durability upgrade programme
Pratt & Whitney is “only about 50%” through a critical upgrade programme designed to improve the durability of components in its PW1100G geared turbofan (GTF), an executive at the engine maker’s parent company has admitted.
