All articles by Graham Dunn – Page 71
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NewsState to consider integrating some Air Italy assets into new Alitalia
Italy’s transport and infrastructure minister Paola de Micheli has indicated the state is considering the possible of integration some Air Italy assets into its renationalised Alitalia. Sardinia-based AIr Italy collapsed in February after shareholders could not agree on further investment to keep the struggling airline operational, though 49% owner Qatar ...
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NewsZeitfracht sells stake in Romania’s Blue Air
German logistics firm Zeitfracht Group has divested its stake in Romanian low-cost operator Blue Air.
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Airline BusinessJune share price uptick strikes brighter note for airlines
Tentative signs of the opening of international air travel markets for this summer and the sealing of stabilisation measures have coincided with an uplift in airline share prices in June which will have the hard hit carriers hoping the worst may be over.
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NewsAlbrecht and Browne proposed for Norwegian board
Experienced airline executives Jaan Albrecht and Chris Browne, together with Aercap’s chief risk officer Anton Joiner are among nominations to join the board at Norwegian.
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NewsAirlines to post record net loss of $84bn this year: IATA
IATA is projecting airlines will post their largest ever collective net loss this year, totalling $84.3 billion, and will remain in the red in 2021, as the association made its first projection of the scale of industry losses since the coronavirus crisis hit.
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NewsSwissport pulls the plug on loss-making Belgian ground handling unit
Swissport Belgium is to file for bankruptcy after the coronavirus crisis pushed the struggling operation over the edge.
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NewsCroatia Airlines studies potential Ljubljana base
Croatia Airlines has held preliminary talks with Slovenian government and airport officials over potentially beginning flights from Ljubljana.
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Airline BusinessMiddle East carriers aim to get back on track
Much of the attention on airlines in the Middle East during the coronavirus crisis has focused on the big three Gulf operators and the struggles of Israeli carrier El Al.
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Airline BusinessHow the airline industry has been hit by the crisis
After years of record traffic growth and unprecedented profitability, the airline industry is facing the sharpest and most sustained fall in air traffic demand as the coronavirus pandemic has brought international travel to a virtual standstill.
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NewsLufthansa steps up restructuring as it confirms big jump in Q1 losses
Lufthansa Group has confirmed its earlier guidance that it made an adjusted EBIT loss of €1.2 billion ($1.3 billion) in the first quarter and warns it still expects around 300 aircraft to be parked next year.
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Airline BusinessCoronavirus pushes fragile African carriers closer to the edge
While no region has escaped the impact of the coronavirus grounding, arguably its most immediate damage has been felt among Africa’s already struggling carriers.
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NewsDe Juniac sees ICAO guidelines providing ‘safe process’ for air travel
IATA director general Alexandre de Juniac believes the new guidelines developed by an ICAO task force strikes “the right compromise” between airline economic concerns and the safe restart of passenger traffic.
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Airline BusinessEuropean carriers aim to cut their way through the crisis
While the short-term focus among European carriers has been on finding ways to survive the crisis and resume services, airlines have been quick to signal sizeable cuts to their operations with few expecting traffic to return to previous peaks before 2023
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NewsICAO task force outlines guidelines for restarting air travel
An ICAO task force has published its recommendations to aid the restart of international air transport following its virtual grounding from the coronavirus pandemic. ICAO’s Aviation Recovery Task Force drew up the guidelines after consulting with countries, regional organisations, the World Health Organisation and aviation industry groups. The task force’s ...
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NewsNorway to extend airline loan guarantee scheme
Norway’s government plans to extend its state loan guarantee scheme for airlines until the end of October saying the crisis is lasting longer than envisaged when the programme was intially launched.
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NewsBullish Wizz to open Milan and Larnaca bases in July
Central European budget carrier Wizz Air has given a further indication of its expansive approach to the post-crisis environment by detailing plans to open bases at Milan Malpensa and the Cypriot resort of Larnaca.
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NewsEuropean carriers take tentative steps to restoring networks
Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European cities in mid-June. ...
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NewsEasyJet to axe up to 30% of jobs as it cuts fleet
EasyJet is to begin consultations on proposals to cut staff levels by up to 30% as it expects to reduce its fleet by 51 through a mix of deferrals and returning leased aircraft by the end of 2021. In a trading update released today the UK budget carrier says it ...
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NewsKenya Airways losses widen in 2019 on higher costs
Kenya Airways pre-tax losses deepened to KSh13 billion for the year ending December 2019 despite increasing passenger levels and revenues.
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NewsAdministrators see ‘reasonable’ prospect of SAA rescue
Business rescue practitioners at South African Airways describe as “reasonable” the prospects of rescuing the struggling carrier, though stress this is dependent on the necessary funding.