All articles by Graham Dunn – Page 3
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Airline BusinessConfident IAG keeps its profit momentum
Launch of a €350 million ($377 million) share buyback programme underlined British Airways and Iberia parent IAG’s confidence in its financial performance after delivering a further increase in profit for the third quarter.
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NewsImproved A380 reliability helping BA offset 787 engine availability issues
IAG unit British Airways is continuing to work through the challenges on its Rolls-Royce Trent 1000-powered Boeing 787s which prompted it to remove some its planned winter capacity, while remaining on the lookout for options to bolster its long-haul fleet.
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NewsRiyadh Air likely to look at longer-range variant as part of A321neo deal
Saudi Arabian start-up Riyadh Air is likely to take a longer-range variant of the Airbus A321neo as part of its deal for 60 of the narrowbody jets.
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NewsIAG upbeat on rest of year after lifting third-quarter profit
IAG expects its strong financial performance to continue in the last quarter of the year after lifting operating profit 15% in the third quarter to over €2 billion ($2.15 billion).
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Airline BusinessAircraft shortage slows Turkish Airlines growth story
While consistent post-pandemic growth means Turkish Airlines third-quarter revenues topped 2019 levels by 65%, the wider industry and economic challenges that have stalled progress for many other operators are impacting it too.
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NewsRiyadh Air plots new widebody aircraft order
New Saudi Arabian national carrier Riyadh Air aims to make a decision in the first half of next year on a further widebody aircraft order, as it ponders a deal for either Airbus A350-1000s or Boeing 777X jets.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.
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NewsTurkish Airlines’ profit slips in third quarter despite cargo strength
Turkish Airlines’ profits slipped amid higher costs in the third quarter, a period in which strong cargo performance helped offset flat passenger revenue.
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Airline BusinessEasing yield picture offers Ryanair boost in year bookended by challenges
While on one level the headlines from Ryanair’s second quarter results offer plenty of reasons for concern, it is encouraged by an easing of recent yield declines and a growth advantage next year
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NewsRyanair still expects first Max 10s in first half of 2027
While Ryanair has factored in continued delays to its incoming Boeing 737 Max 8-200s, the European low-cost carrier still believes the airframer is will be able to certify the Max 10 version in time to meet deliveries in the first half of 2027.
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Airline BusinessWeek 45 2024: More European carriers to report amid US election and Boeing strike votes
While Ryanair’s second-quarter profits announcement this morning kicks-off a week in which European operators Air France-KLM, IAG and Turkish Airlines all disclose financials, wider attention is likely to be on US votes to settle Boeing’s damaging machinists strike and presidential elections
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NewsRyanair lowers 2026 passenger target on Boeing delivery delays
Ryanair has lowered its 2026 financial year passenger target by 5 million, to 210 million, amid continued Boeing 737 Max delivery delays, after today disclosing a 6% fall in second-quarter net profit to €1.43 billion ($1.55 billion).
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NewsNewly enlarged Alaska lifts profit in third quarter despite cost pressures
Alaska Air Group increased net profit in the third quarter as yields turned positive, but a shortfall in aircraft deliveries means heightened cost pressures and curtailed capacity will continue for the remainder of the year.
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NewsHigher fares ‘inevitable’ as KLM slams Schiphol charges increase
Home carrier KLM has hit out at a hike in fees at Amsterdam Schiphol airport, increases it says will make it inevitable that ticket prices will rise.
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NewsProfits slip at leading Chinese carriers in third quarter
China’s three biggest airline groups all reported lower net profits in the third quarter on increased revenues for the three months ending 30 September 2024.
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NewsEtihad follows Emirates in exploring co-operation pact with Vietnam Airlines
Etihad Airways has become second United Arab Emirates carrier in a matter of days to unveil a deal to explore a potential partnership with Vietnam Airlines.
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NewsRiyadh Air seals narrowbody order as it signs for 60 A321neos
Ambitious Saudi Arabian start-up Riyadh Air has signed an agreement to acquire 60 Airbus A321neos, revealing the supplier for its long-awaited narrowbody order.
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NewsLufthansa shifts freighter focus to Asia-Pacific
While a slower recovery and strong competition has hit Lufthansa Group’s passenger operations on Asia-Pacific routes since the pandemic, the carrier is shifting more of its freighter capacity to tap strong cargo demand from the region.
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Airline BusinessLufthansa boosted by steadying yields but German mainline challenge persists
After a challenging first half of the year in which it has twice lowered profit expectations, Lufthansa Group was able to point to a brighter prognosis on yields as it is confirmed its full-year outlook following its third quarter results today.
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NewsLufthansa poised to debut A350 equipped with Allegris first-class cabin
Lufthansa is expecting to debut shortly an Airbus A350 outfitted with its Allegris interior product featuring a first-class cabin.