Latest Airlines news – Page 139
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NewsState funds to tackle historic debts as SAA covering operating costs
South African Airways (SAA) has flagged that it is now covering its operating costs after the country’s finance ministry set aside R1 billion ($55 million) to deal with a portion of its historic debts.
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NewsOptimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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NewsQantas reveals ‘Project Sunrise’ premium cabin products
Qantas has unveiled first and business class cabin product concepts for its Airbus A350-1000s, which will operate the ultra-long-haul ‘Project Sunrise’ flights from Australia’s east coast to New York and London.
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NewsAir NZ swings back to profitability on air travel recovery
Air New Zealand swung to a pre-tax profit of NZ$299 million ($185 million) in the first half of its 2023 financial year, riding a strong recovery in domestic and international air travel.
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News‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.
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NewsFlyr administrator pessimistic over creditors’ claims
Collapsed Norwegian carrier Flyr’s administrator believes there will be no funds available for non-priority creditor claims, once it has addressed those with greater precedence such as wage arrears. Flyr was placed in bankruptcy by an Oslo court on 1 February. Law firm Kvale held an initial creditor meeting on 16 ...
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NewsTajikistan’s Somon Air considers possible L-410 acquisition
Tajik carrier Somon Air appears to be considering potential acquisition of Let Aircraft Industries L-410s for regional operations. Somon Air says a delegation from the airline has conducted a familiarisation visit to the Czech plant of the company. It says representatives aimed to become acquainted with the production process of ...
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NewsStrong demand recovery helps SIA Group to record quarterly profit
A bullish Singapore Airlines Group smashed its earnings record for the fiscal third-quarter on the back of “robust” demand recovery, posting an operating profit of S$755 million ($564 million), its highest ever quarterly profit.
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NewsHans Airways' start-up struggles persist as AOC delays hit launch hopes
UK start-up Hans Airways is set to relinquish its only aircraft, an Airbus A330-200, and open talks with potential new investors after delays in securing its air operator’s certificate.
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NewsEmirates prepares for A350 and 777X training with new simulator centre
Middle Eastern carrier Emirates is preparing for the introduction of its Airbus A350 and Boeing 777X fleets with a new pilot-training facility in Dubai. The facility, to be sited next to its current training centre, is scheduled to open in March next year. It will have six full-flight simulator bays ...
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NewsSiberia’s Yakutia restores ‘dismantled’ Superjet to flight
Siberian carrier Yakutia has restored an Irkut Superjet 100 to flight after extensive maintenance, giving the operator additional jet capacity. Russian lessor GTLK says the aircraft was one of two it leased to the airline which, is says, were in a “dismantled state” at the end of last year. Yakutia ...
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NewsRoyal Jordanian expands network as fuel costs weigh on full-year results
Royal Jordanian Airlines is looking to expand its network, as it seeks to reverse full-year net losses of more than JD79 million ($111 million). The Middle Eastern carrier attributes the performance – worse than the previous year’s JD74.3 million – to higher fuel prices, which accounted for a near-JD98 million ...
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NewsHong Kong outbound traffic storms back after restrictions ease
Passenger numbers at Hong Kong International Airport (HKIA) soared in January, as the abandonment of travel restrictions boosted travel demand.
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NewsKorean Air-Asiana competition investigation focuses on four Seoul-EU routes
Korean Air’s proposed merger with Asiana is to be scrutinised by European Union regulators concerned that the tie-up will reduce or eliminate competition on Korean-European routes. The European Commission is opening an in-depth investigation which will focus on four particular connections from Seoul. Korean Air and Asiana both operate to ...
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NewsAir France-KLM chief reiterates TAP interest as group prepares to exit M&A restrictions
The chief executive of Air France-KLM has reiterated the group’s interest in acquiring TAP Air Portugal as it moves to exit restrictions attached to Covid-era state aid.
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NewsAir France-KLM expects to exit state aid restrictions in April after swinging to full-year profit
Air France-KLM will in April exit restrictions linked to financial support received from the Dutch and French governments during the pandemic, under plans unveiled as it released its full-year earnings on 17 February.
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NewsAsiana Q4 profits down amid rising fuel costs
Asiana Airlines’ fourth-quarter profits fell despite a rebound in travel demand, as rising costs outpaced an increase in revenues.
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NewsEasing of ‘zero Covid’ gives China’s ‘Big Three’ January joy
China’s three largest carriers reported a significant jump in domestic passenger traffic in January, as they quickly added back capacity to their networks, following the scrapping of most pandemic restrictions.
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NewsPlay optimistic of full-year profit despite economic uncertainty
Icelandic budget airline Play is expecting positive full-year earnings for 2023, as it prepares to expand its fleet to 10 aircraft and its network to 36 points. Play turned in an operating loss for last year of $44.1 million and a pre-tax loss of $55.5 million, based on revenues of ...
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NewsSAS reassures passengers after cyberattack
Scandinavian carrier SAS is reassuring passengers that there is no risk to their personal data following a cyberattack on the company’s IT systems. The attack occurred on 14 February, the Star Alliance airline states, adding that it was one of several companies to be subjected. Its website and certain other ...