Latest Airlines news – Page 165
-
NewsAsiana operating profit up; cargo yield jumps in second quarter
South Korea’s Asiana Airlines saw its second quarter operating profit more than double to KRW211 billion ($162 million) in the second quarter of its 2022 financial year.
-
NewsAkasa Air co-founder and key backer Jhunjhunwala dies
Indian billionaire and co-founder of start-up Akasa Air Rakesh Jhunjhunwala has died, days following the airline’s public launch.
-
NewsSAS secures $700m bridge financing for Chapter 11 restructuring
Scandinavian operator SAS has reached a bridge financing agreement for $700 million, as part of its restructuring programme, sourcing funds through Apollo Global Management. The debtor-in-possession credit agreement – plus the company’s own revenue streams – will be used to meet obligations as SAS continues its ‘SAS Forward’ re-organisation scheme ...
-
NewsRussian cargo veteran Isaikin withdraws from outsize specialist Volga-Dnepr
Russian outsize freight carrier Volga-Dnepr Airlines’ veteran founder, Alexei Isaikin, has withdrawn from the company’s shareholders. The carrier states that Isaikin, who has worked in the aviation sector for 45 years, is transferring control to the company’s management. Volga-Dnepr Airlines was founded in 1990 and carries out charter air cargo ...
-
NewsEl Al to consider wet-leases and more 787s to address capacity shortfall
Israeli flag-carrier El Al is to explore the possibility of additional Boeing 787s from the second half of next year, once it completes introduction of its current fleet. The airline has 15 of the type – comprising 12 787-9s and three 787-8s – and it is expecting to receive one ...
-
NewsCebu Pacific trims quarterly loss amid strong passenger revenue recovery
Cebu Pacific narrowed its second-quarter losses on the back of a four-fold jump in revenue, as passenger travel continues to recover.
-
NewsYounger workers hardest hit as EU air transport labour force at record low in first quarter
Air transport workers employed within the European Union hit a record low in the first quarter of 2022 amid the continuing impact of the global pandemic on air travel demand, figures published by Eurostat show.
-
NewsEl Al works to restore activity levels as recovery gains traction
Israeli carrier El Al made a pre-tax loss of $90 million for the first half of the year, although a tax gain pushed the airline into a net profit of $34 million. The airline generated revenues of nearly $799 million over the six months to 30 June. El Al says ...
-
NewsEmirates rolls out cabin refresh in $2 billion soft product upgrade
Emirates is to embark on an “extensive and record-breaking” aircraft interior refurbishment, as part of a $2 billion investment into improving its inflight cabin experience.
-
NewsSiberia’s KrasAvia to acquire LMS-901 fleet for regional connectivity
Siberian operator KrasAvia has entered a provisional agreement to acquire 10 UZGA LMS-901 multi-purpose aircraft. Deliveries of the Russian-built, single-engined high-wing type will commence in 2025 and run to 2029. KrasAvia says it will become “one of the first customers” for the new aircraft in Russia as a result of ...
-
NewsProfitable Air Arabia progresses with new joint-venture carriers
Middle Eastern budget carrier Air Arabia’s new Armenian operator Fly Arna commenced operations in July. The Yerevan-based operation obtained its air operator’s certificate in June and subsequently opened services to the Egyptian resorts of Hurghada and Sharm el-Sheikh. Air Arabia also states that it has reached an “advanced stage” of ...
-
NewsBangkok Airways narrows Q2 loss
Bangkok Airways trimmed its second-quarter operating loss, as revenue increase outpaced a steady rise in costs.
-
NewsTUI blames UK flight-disruption costs for third-quarter losses
Leisure company TUI would have generated positive third-quarter earnings but for the operational disruption to its flights, mainly at UK airports, during the period. TUI puts the cost of flight disruption at €75 million ($76 million) but states that the resulting EBIT loss of €27 million for the three months ...
-
NewsAvianca seeks urgent integration of financially-pressured Viva
Colombian operator Avianca is seeking to accelerate closer ties with Latin American low-cost carrier Viva, in order to protect the budget airline. Avianca has requested authorisation from the Colombian civil aviation regulator to integrate Viva over concerns about Viva’s ability to compete in the face of increased financial pressures. Viva ...
-
NewsNew Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
-
NewsSAS strike carves into summer passenger numbers
Scandinavian carrier SAS was forced to cut capacity by 23% in July, compared with the previous month, as a result of the two-week pilot strike. Passenger numbers for the airline were down by almost a third against June’s figures after 3,700 services were cancelled during the 15-day walkout. But changes ...
-
NewsKorean Air operating profit powers ahead on strong revenue growth
Korean Air saw its operating profit in the second quarter of its 2022 financial year nearly quadruple to W736 billion ($569 million).
-
NewsUK start-up Hans Airways introducing ex-Air Europa A330
UK start-up long-haul carrier Hans Airways has received its first Airbus A330-200, which arrived at Birmingham from Palma de Mallorca on 2 August. The twinjet is a General Electric CF6-powered aircraft, most recently operated by Spanish carrier Air Europa. Air Europa originally took delivery of the A330 in 2008. Hans ...
-
NewsAir Greenland A330-800 emerges from paintshop
The first pictures have been released of Air Greenland’s Airbus A330-800 in the carrier’s distinctive red livery, after it emerged from the paintshop. The Kangerlussuaq-based operator is set to take delivery of the Rolls-Royce Trent 7000-powered twinjet later this year as it replaces its ageing A330-200. Air Greenland A330-800 ...
-
NewsBoom supersonic airliner compatible with sustainability strategy: United executive
Operating supersonic aircraft can be compatible with United Airlines’ efforts to reduce its environmental footprint and reach net-zero CO2 emissions, according to the carrier’s chief sustainability officer Lauren Riley. United last year agreed to purchase 15 of Boom’s supersonic Overture jets, drawing some criticism to an airline that is often ...