All articles by Graham Dunn – Page 5
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NewsChina Southern leads way on profits among top Chinese carriers in first half
China Southern Airlines continues to lead the way among the country’s leading three operators after trebling its operating profit at the halfway point of the year, though all three carriers remain in the red at a net level amid mixed fortunes.
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NewsSpiceJet to furlough 150 cabin crew amid funding efforts
Under-pressure Indian low-cost carrier SpiceJet is to furlough 150 cabin crew staff during the off-peak travel season as it continues to battle financial challenges.
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NewsEngineering boost helps TAP counter Brazilian currency hit in second quarter
Privatisation target TAP Air Portugal boosted its recurring operating profit in the second quarter, although its net performance was dragged down by the currency challenges in its key Brazilian market.
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NewsKenya Airways posts first net profit for over a decade
Kenya Airways posted its first interim net profit in over a decade during the first six months of the year, as revenues increased by more than one-fifth.
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Airline BusinessWeek 34 2024: Currency pain adds to Brazilian carrier challenges
Attention turned to Latin American carrier fortunes last week as airlines in the region reported second-quarter results amid economic challenges in Brazil and Colombia.
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NewsAir Baltic signs for 10 additional A220-300s
Latvian carrier Air Baltic has exercised options on another 10 Airbus A220-300s, taking its total commitment to 90 aircraft.
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NewsEthiopian Airlines eyes 2029 opening for new hub as plans take shape
Ethiopian Airlines Group has signed an advisory and consultancy contract with Dar Al-Handasah Consultants covering plans for a new 110 million passenger airport located around 25 miles (40km) southeast of its existing Addis Ababa Bole hub.
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Airline BusinessTurkish Airlines outlines mixed picture as yield declines slow but cost pressures tighten
While Turkish Airlines operating profitability slipped in the second quarter, the carrier took encouragement from an easing in the yield declines that have been evident since the start of the year.
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NewsAJet adds extra back-up aircraft to bolster operations
Turkish Airlines low-cost unit AJet lifted to a dozen the number of back-up aircraft as well adding more buffer into its operations as part of efforts to bolster its performance amid challenges to its aircraft availability.
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Airline BusinessFlyadeal chief sees room for growth
The chief executive of fast-growing Saudi budget carrier Flyadeal sees plenty of room for its continued expansion over the coming years, even if a market normalisation post-Covid is being seen in more mature markets.
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NewsHigher costs dent Turkish Airlines’ second-quarter profit despite cargo lift
Turkish Airlines operating profits slipped 25% in the second quarter to $591 million amid heightened cost and unit revenue pressure, despite reporting a near 10% jump in revenues.
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NewsAir Astana fleet growth ahead of track
Air Astana Group now expects to end the year with three more aircraft than originally planned as it bids to counter the impact of lost capacity from ongoing Pratt & Whitney engine inspections impacting some of its Airbus A320neo fleet.
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Airline BusinessWhy Lufthansa Airlines is suffering more than other airlines in the group
On the one hand, the narrative accompanying Lufthansa Group’s second quarter results today is in line with that given by other airlines to report during the April-June period.
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NewsSpohr still optimistic of completing ITA deal in fourth quarter
Lufthansa Group chief executive Carsten Spohr is still targeting completing its deal to acquire a stake in Italian carrier ITA Airways before year-end.
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NewsLufthansa challenges weigh down wider group as profits fall 37% in second quarter
Lufthansa Group adjusted earnings before interest and taxes (EBIT) fell 37% in the second quarter to €686 million ($742 million) despite revenues passing €10 billion for the first time, as challenges at its German operations in particular took a toll.
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NewsRex enters administration as it grounds 737 operations
Struggling Australian carrier Regional Express (Rex) has entered administration and confirmed the grounding of its Boeing 737 operations.
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Airline BusinessSlow business at Farnborough reflects industry taking stock
Perhaps given the glut of aircraft deals and continued challenges facing the manufacturing industry since the pandemic it should not have been a surprise that this year’s Farnborough air show was a quiet one for order activity and news from commercial airframers
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NewsTrading in shares of Australian regional carrier Rex suspended pending announcement
Trading in shares of Australian carrier Regional Express (Rex Airlines) has been paused amid recent boardroom turmoil and reports a restructuring team has been put in place.
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Airline BusinessIsom hopes for quick wins as American rebuilds sales and slows capacity growth
While recognising it will take some time to build back its presence in premium indirect sales channel, American Airlines chief executive Robert Isom is hopeful of some early gains after ditching its failing sales and distribution strategy.
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Airline BusinessTiming counts for Southwest move to ditch flagship seating policy
When an airline drops a policy that has been in place for 50, predominantly financially successful, years and which has set it apart from virtually every other carrier for the last decade, the question of ’why now?’ is understandably high on the list.