All articles by Graham Dunn – Page 21
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NewsKuwait Airways halves loss in 2022
Kuwait Airways claims progress in its efforts to reach profitability after improved passenger revenues enabled the carrier to halve losses to KD55 million ($178 million) in 2022.
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NewsTurkish Airlines lifts outlook after strong first half despite cargo decline
Strong demand in the passenger business during the first half has prompted Turkish Airlines to lift its full-year EBITDA expectations, despite a sharp fall in cargo revenues.
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NewsSpun-out AnadoluJet to operate in its own right by summer 2024
Turkish Airlines will roll-out new brand positioning for its recently spun out low-cost operation AnadoluJet in the coming weeks and hopes to have the carrier operating in its own right before next summer.
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NewsTurkish Airlines set for fleet decision ‘soon’ after engine complications
Turkish Airlines expects to announce its major order for 600 aircraft ”soon” after receiving revised proposals from the OEMs and studying options around engines following supply issues.
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NewsLufthansa seals long-term pay deal with pilots
Lufthansa mainline and cargo pilots represented by the Vereinigung Cockpit (VC) union have backed a new collective labour deal which will cover pay terms until at least the end of 2026.
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NewsTurkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.
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NewsSun Country sees higher yields embedded post-Covid
Sun Country Airlines chief executive Jude Bricker believes higher fares post-Covid are now embedded, even if domestic demand has fallen from the spike seen in 2022.
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NewsMSC strikes deal for Italian carrier AlisCargo
Transport and logistics specialist Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.
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NewsStrong market recovery helps Titan Airways to post record year
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it posted record revenues of £187 million ($237 million).
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Airline BusinessSpohr sees Lufthansa ready to leave operational buffer behind in 2024
Lufthansa will step up productivity and efficiency levels next year after a focus on stabilising operations this summer amid continued industry capacity challenges.
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Airline BusinessHow Flyadeal set early pace in Saudi growth story
While the arrival of new entrants is grabbing headlines this year as part of Saudi Arabia’s ambitious plans to create a new global aviation hub and triple passenger numbers by 2030, growth has been part of the story since day one for Flyadeal and its chief executive Con Korfiatis.
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NewsAkasa clears international flight threshold after taking Asia’s first Max 8-200
Ambitious Indian low-cost carrier Akasa Air has become the first Asia-Pacific operator to take delivery of a higher-density 737 Max.
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NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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Airline BusinessChallenges remain despite Air France-KLM's steady post-pandemic progress
While there remain plenty of pressures and potential pitfalls ahead, a doubling of profits in the second quarter underlined the steady progress Air France-KLM is making in its recovery out of the pandemic.
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NewsAir France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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NewsRestructured Air Seychelles back to profit for first time since 2016
Air Seychelles posted a profit of $8.4 million in 2022 after completing a formal restructuring, marking its first year in the black for six years.
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NewsWizz Air hit with UK enforcement action over disruption payments
Budget carrier Wizz Air has overhauled its commitments and processes for paying passengers when flights are cancelled and delayed after the UK aviation regulator took enforcement action over a high volume of passenger complaints of money still owed.
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Airline BusinessWhy Etihad is bringing Airbus A380s back online
While the move by Etihad Airways to return the Airbus A380 into service for the first time since the pandemic is primarily a way of increasing its capacity options, it also marks a step towards the renewed growth ambitions of the Middle East carrier.