Latest Airlines news – Page 128
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NewsTwo dozen Go First aircraft subject to lessors’ de-registration requests
Nearly two dozen Airbus single-aisle jets operated by troubled Indian carrier Go First have become the subject of de-registration requests by lessors. Twenty-three aircraft have been listed by the Indian civil aviation regulator DGCA as having de-registration requests submitted as of 4 May. These requests cover 19 leased A320neo and ...
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NewsCebu Pacific swings to first profit since pandemic
Cebu Pacific returned to the black in its first quarter earnings, helped by a strong rebound in passenger revenues, as it anticipates returning to pre-pandemic international capacity by end-June.
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NewsIAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
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NewsOneworld chief Gurney to step down
Oneworld chief executive Rob Gurney is to step down from his role at the helm of the alliance’s central management team this summer.
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NewsIberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
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NewsAir France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
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NewsTroubled Go First reportedly owes INR65 billion, as grounding extended
Beleaguered Indian operator Go First has suspended its operations further until 9 May, amid reports that the airline owes creditors over INR65 billion ($796 million).
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NewsAustralian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.
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NewsEmirates and Etihad tighten ties with interline aimed at UAE tourism
Middle Eastern carriers Emirates and Etihad Airways are to forge a closer co-operation through an interline agreement giving travellers greater flexibility when flying into and out of the United Arab Emirates. Under the agreement passengers will be able to purchase a single ticket allowing inbound flight to either Dubai or ...
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NewsTurkish Airlines continues post-pandemic profit run in first quarter
Turkish Airlines extended its post-pandemic run of net profits for a seventh consecutive quarter, despite the period being marred by the devastating earthquakes centred in Kahramanmaras.
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NewsThird of Swiss A220s grounded as Lufthansa boss lists supply constraints
One-third of Swiss’ Airbus A220 fleet is currently grounded amid supply-side challenges that will be a “major driver” of the industry in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsAir Moldova suspends operations to await court decision on restructuring
Struggling carrier Air Moldova is suspending all operations while it seeks court approval for a restructuring programme intended to avert bankruptcy and put the airline in a sustainable position. The airline says the suspension – which commenced on 2 May – could be lifted within three days, depending on the ...
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NewsRising costs eat into Korean Air Q1 profit
Korean Air posted slimmer profits in the first quarter of this year, as rising fuel and operational costs offset an increase in revenue on the back of travel demand recovery.
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NewsAir India, Vistara enter interline partnership
Air India and Vistara have entered an interline partnership, bringing the two Tata Group carriers closer together pending their merger.
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NewsLufthansa predicts ‘summer travel boom’ after loss-making Q1
Lufthansa Group says it is on track to exceed its pre-Covid financial performance in the second quarter of the year, despite capacity still being significantly down on 2019 levels, amid strong post-Covid demand for travel.
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NewsGaruda Indonesia narrows Q1 loss on revenue uptick
Garuda Indonesia cut its red ink in the first quarter, on the back of significant increase in revenue as travel demand picked up.
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NewsIndia’s Go First suspends flights, blames P&W engine woes for insolvency protection filing
Indian low-cost carrier Go First has suspended flights for the next three days and reportedly filed for insolvency protection, laying the blame on “ever-increasing” failures of Pratt & Whitney engines, which it says have left half its Airbus A320neo fleet grounded.
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NewsJazeera Airways to bring in A321s under latest lease plan
Kuwaiti budget carrier Jazeera Airways is preparing to lease a pair of Airbus A321s, as it continues to source single-aisle capacity ahead of receiving new aircraft. The airline’s board agreed the lease of the A321s – as well as another pair of A320s – at meeting held on 2 May. ...
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NewsSAS reinforces leisure network with new Asian route
Star Alliance carrier SAS is to open a new Asian service, operating to the Thai capital Bangkok from the beginning of the winter season. SAS, which is currently under US Chapter 11 bankruptcy protection, has been undergoing a restructuring programme to strengthen its financial position. It says it is aiming ...
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NewsJAL swings back to profitability, on ‘steady path’ to growth
Japan Airlines returned to the black in its full-year financial results, buoyed by a strong showing in domestic travel demand and “steady progress” in international recovery.