All articles by Graham Dunn – Page 41
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Airline BusinessEspen Hoiby back rebuilding crew resource firm but with eye on electric future
OSM Aviation built a pioneering crew resourcing model only for the pandemic to decimate the airline sector. Now rebranded as AAP, its founder is back at the helm and plotting not just a swift rebuidling of the business, but an opportunity for further disruption to traditional models with the arrival of electric aircraft
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NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
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NewsWizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
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Airline BusinessWillie Walsh on the airline sector’s route to recovery and a sustainable future
A year since taking the helm at IATA, the former IAG chief is keeping the pressure on regulators and suppliers not to derail airlines’ journeys out of the depths of the pandemic and on to profitability, while supporting the industry’s move to the front foot in tackling its environmental challenges
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NewsFrankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.
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NewsBritish Airways trims capacity plan to tackle operational challenges
IAG expects to operate 80% of pre-crisis capacity across this year, less than the 85% it had originally targeted after British Airways scaled back its planned flights this summer in a bid to make its operations more resilient.
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NewsIAG hopeful of clearance to take 20% of Air Europa in next six months
IAG chief executive Luis Gallego is hopeful the group will be cleared to take a 20% stake in Air Europa within the next six months as it continues efforts to finalise its on-off deal for the Spanish carrier.
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NewsIAG sees profits from second quarter onwards on summer ramp-up
European airline group IAG expects to be profitable from the second quarter and for the year as a whole on sharply ramped-up operations, after cutting operating losses before exceptionals by a third to €754 million ($797 million). The British Airways and Iberia parent reported a more than trebling of revenues ...
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NewsAir France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
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Airline BusinessWhy sparks are flying over airport charges post-pandemic
While airlines and airports found common ground during the pandemic in pressing for the lifting of restrictions, the fractious debate over future pricing at Heathrow underlines the wider financing challenges ahead for an industry on its heels from two years of losses but with a long-term capacity crunch still on the horizon
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NewsApril traffic marks Ryanair’s busiest month since August 2019
Ryanair underlined the strength of its recovery in activity by carrying 14.2 million passengers and reporting load factors of over 90% in April, marking the low-cost carrier’s busiest month since August 2019.
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NewsLatin carriers Avianca and Viva strike joint ownership deal
Owners of Avianca and the low-cost operator Viva have struck a deal to to form a joint holding company in a move to provide greater financial stability for the Latin American carriers post-pandemic.
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NewsTurkish Airlines Q1 profit jumps on strong cargo and recovering demand
Turkish Airlines posted an improved profit for the first three months of 2022, driven by a continued strong performance in cargo and higher demand as Covid travel restrictions eased further.
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NewsRussia’s Aeroflot suspended from SkyTeam alliance
Aeroflot has had its membership of global alliance SkyTeam temporarily suspended amid the continued fallout of global sanctions impacting the country’s operators following Russia’s invasion of Ukraine.
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Airline BusinessSpohr sees CO2 savings argument key to Single European Sky breakthrough
Lufthansa Group chief executive and this year’s Airlines for Europe (A4E) chair, Carsten Spohr, believes the industry needs to focus on the potential CO2 savings in pressing European governments for air traffic management reform.
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NewsDelta reports March upturn despite first quarter losses
Delta Air Lines lost $940 million in the first quarter of 2022 as the Omicron variant hit demand during January and February, though business picked up in March.
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NewsEurope clears Parker’s purchase of Meggitt, requires wheel and brake divestment
European Commission regulators have cleared Parker Hannifin’s proposed acquistion of UK aerospace firm Meggitt, conditional on commitments offered by the US firm including the divestment of its wheels and brakes division.
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NewsKuehne takes stake in Lufthansa to over 10%
German businessman and Kuehne and Nagel majority owner Klaus-Michael Kuehne has increased his stake in Lufthansa to over 10%, a stock market disclosure today shows.
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NewsClosure of Brazilian MRO unit drives TAP loss in 2021
TAP Air Portugal posted a net loss of €1.6 billion ($1.7 billion) for 2021, including €1 billion of one-off costs largely related to the closure of its Brazilian maintenance unit.
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NewsOutbound travel drives Heathrow to busiest month since pandemic
London Heathrow airport enjoyed its best month for traffic since the pandemic in March, though the 4.2 million passengers it handled is still only two-thirds of pre-pandemic levels.