All articles by Graham Dunn – Page 16
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NewsEasyJet narrows first-half losses
EasyJet cut pre-tax losses to £411 million for the first six months of its financial year on revenues 80% up year-on-year.
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NewsAegean cuts pre-tax losses in first quarter on strong growth
Greek carrier Aegean Airlines cut its losses to below pre-pandemic levels for the first three months of 2023, with revenue nearly double last year's figure.
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NewsStrong yields and revenue help Pegasus narrow Q1 loss
Turkish carrier Pegasus Airlines narrowed its net loss in the first quarter to €22 million ($24 million) on record revenues for the period.
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NewsSpiceJet cargo unit set to secure $100m investment
Indian carrier SpiceJet has struck a preliminary deal for a $100 million investment into its recently spun out logistics unit SpiceXpress.
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NewsSAA merger set for competition green-light after Takatso shareholders agree divestment
Investors with interests related to South African operator Lift have agreed to divest their involvement in the Takatso consortium that is to take a controlling interest in South African Airways, clearing a path for competition authorities to approve the deal. South Africa’s Competition Commission says it is recommending the country’s ...
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NewsIndia on watch over failure to enact Go First lessor de-registration requests
A body that monitors countries’ compliance with the Cape Town Convention has placed India on a watchlist after lessor requests to de-register aircraft belonging to struggling local carrier Go First were not enacted prior to it entering insolvency proceedings.
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NewsTurkish Airlines eyes June announcement for massive long-term order
Turkish Airlines is reportedly hoping to announce an aircraft order covering around 600 aircraft next month, which will support it’s recently disclosed ambition to double the size of its fleet to more than 800 over the next decade.
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NewsKLM takes mitigating steps as it flags ‘difficulty’ fully deploying E-Jet E2 fleet
KLM is tweaking its summer schedule and is holding on to several Embraer 190s that were due to be returned to lessors in a bid to overcome a capacity shortage caused by technical challenges affecting its Pratt & Whitney-powered E195-E2s.
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NewsEmirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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NewsVirgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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NewsGo First extends grounding for further week as it secures bankruptcy protection
Struggling Indian carrier Go First looks to have secured much-needed relief after an Indian tribunal reportedly granted its urgent request for bankruptcy protection.
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NewsGo First extends grounding as more lessors file aircraft de-registration requests
Troubled Indian low-cost carrier Go First has extended its suspension of flights until 12 May, with lessors also filing further aircraft de-registration requests with the country’s civil aviation regulator.
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NewsAir France-KLM chief sees fleet flexibility helping counter delivery concerns
Air France-KLM chief executive Ben Smith believes the ability to adjust the pace of its widebody fleet renewal gives it the necessary agility to counter any aircraft deliveries delays with right-sized aircraft.
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Airline BusinessAir France-KLM upbeat over summer outlook but Schiphol cloud remains
Over the course of the shared years since Air France and KLM came together it has always been the French carrier whose challenges have dwarfed those of its Dutch partner.
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NewsAir France-KLM keeping partner options open for Latin market
Air France-KLM is still studying long-term partnership options in both Europe and South America to bolster its position in the Latin American market.
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NewsOneworld chief Gurney to step down
Oneworld chief executive Rob Gurney is to step down from his role at the helm of the alliance’s central management team this summer.
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NewsAir France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
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NewsTurkish Airlines continues post-pandemic profit run in first quarter
Turkish Airlines extended its post-pandemic run of net profits for a seventh consecutive quarter, despite the period being marred by the devastating earthquakes centred in Kahramanmaras.
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NewsHogan and Eurlings join board as Knighthood invests in Odys Aviation
Former Etihad Airways chief executive Jame Hogan is to join the board of advanced air mobility developer Odys Aviation as part of a deal under which advisory firm Knighthood Global is investing in the Californian company
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InterviewAirbus research head sees no ‘show-stoppers’ yet in hydrogen push
Few could have accused Airbus of lacking ambition when in September 2020 it unveled conceptual designs for a potential zero-emissions commercial aircraft and a 15-year horizon for its entry into service.