Latest Airlines news – Page 167
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NewsReferencing lag still hampering Heathrow personnel ramp-up
IAG chief Luis Gallego hopes the operational situation at London Heathrow will improve by the end of the year, but stresses that multiple parties need to co-operate to increase resilience at the hub. Speaking during IAG’s second-quarter briefing, Gallego said that punctuality figures show there are still days where “we ...
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NewsAir France-KLM records Q2 net profit in ‘very exceptional times’
Air France-KLM recorded a quarterly net profit for the first time since 2019 in the second three months of this year, driven by resurgent revenues and high yields as Covid-related travel restrictions fell away. The result comes despite the “severe operational disruption” being seen in the group’s markets, it says, ...
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NewsAir France-KLM chief expects operational challenges to last ‘many years’
Air France-KLM chief executive Ben Smith sees some of the operational disruption in airline markets as a years-long issue, amid a lack of near-term fixes. Smith was speaking as Air France-KLM revealed it was profitable on a net and operating basis in the second quarter of 2022, driven by a ...
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NewsNorse explores ‘virtual’ interline offering connecting flights to budget carriers
Long-haul low-cost operator Norse Atlantic Airways has tied up with three other budget carriers to extend its network through connecting services. Norse Atlantic is linking with EasyJet and Norwegian in Europe, as well as Spirit Airlines in the USA, to broaden its reach either side of its transatlantic operations. It ...
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NewsSpanish carriers strongest as IAG returns to second-quarter profits
British Airways and Iberia parent IAG is expecting an operating profit for the full year, pre-exceptions, and for the third-quarter figure to improve significantly on that in the second. IAG has turned in an operating profit of €293 million ($299 million) for the three months to 30 June, although the ...
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NewsEthiopian Airlines converts four A350 orders to -1000 variant
Ethiopian Airlines will take four A350-1000 twinjets, having confirmed the conversion of outstanding orders for the -900 variant. The carrier’s chief executive Mesfin Tasew had said during the Farnborough air show on 20 July that Ethiopian was in the “final stage” of negotiations to take the larger version of the ...
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NewsIAG orders 37 more Airbus A320neo-family jets
British Airways and Iberia owner IAG has ordered a further 37 Airbus A320neo-family twinjets, as its single-aisle modernisation effort continues. Announcing the deal on 28 July, IAG says 12 of the A320neo options it took in August 2013 – which covered up to 220 single-aisle jets – have been converted ...
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NewsEtihad claims transformation ‘paying off’ as it swings to first-half profit
Etihad Airways claims that its profitable performance in the first half of 2022 shows that its years-long transformation effort is beginning to produce results. The six-month operating profit of $296 million comes with the Abu Dhabi carrier more than four years into a major restructuring programme, under which it has ...
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NewsAeroflot invites investors to participate in share offering
Russian flag-carrier Aeroflot is formally inviting interest in acquiring shares in the company, following the earlier approval of a hike in its authorised capital. The airline states that 5.42 billion ordinary shares are being placed under the capital increase, through an open subscription. Investors who held shares on 11 May ...
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NewsAlliance Aviation chief steps down
Alliance Aviation’s chief executive Lee Schofield has resigned from the carrier after seven years at the helm.
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NewsEasyJet to add A321neos to Lisbon as TAP slots expand network
UK budget carrier EasyJet is to station three Airbus A321neos in Lisbon, in order to operate an expanded network achieved through the acquisition of former TAP Air Portugal slots. The airline is opening 14 new routes this winter, and increasing frequency on seven others, taking the network from the capital ...
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NewsSAS seeks court authorisation to proceed with new Airbus delivery
SAS is seeking authorisation to continue with aircraft deliveries with a filing to a US bankruptcy court setting out justification for the acquisition. The Scandinavian operator has been under US Chapter 11 bankruptcy protection since 5 July. Airbus is due to deliver an A320neo – MSN10937 – to the carrier ...
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NewsWizz Air maintains pace of fleet-expansion programme
Budget carrier Wizz Air is maintaining its fleet-expansion programme, although it is prepared for potential disruption from supply-chain issues. It added eight new Airbus A321neos during the quarter while returning four A320s at the end of their leases. The changes take Wizz’s fleet to 157 aircraft. “Our fleet programme remains ...
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NewsWeaker currency forces Wizz to absorb €140m foreign-exchange loss
Weakening of the euro against the US dollar generated a foreign-exchange impact of €140 million which exacerbated budget carrier Wizz Air’s losses over the first quarter. Wizz Air turned in an operating loss of €284 million ($289 million) for the three months to 30 June. But a revaluation of US ...
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NewsAustralian competition regulator okays Rex’s National Jet acquisition
Australia’s Regional Express (Rex) says that it has received preliminary clearance from Australian regulators for its acquisition of National Jet Express.
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NewsBaffled Ryanair vows to appeal EU ruling on €8.4m in ‘illegal’ state aid
Low-cost group Ryanair has vowed to appeal what it describes as a “bizarre” ruling by the European Commission that it benefited from illegal state aid relating to France’s La Rochelle airport between 2003 and 2010. In approving the financial aid provided by the French government to La Rochelle and Beauvais ...
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NewsLufthansa cancels more than 1,000 flights as ground staff strike
Lufthansa has cancelled more than 1,000 flights on and around 27 July in response to a “warning strike” by members of the Verdi trade union over a pay dispute. The action involves around 20,000 ground staff from across the Lufthansa Group’s German units and comes with the mainline carrier already ...
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NewsEasyJet takes £133m disruption hit but says operations now ‘normalised’
EasyJet recorded a loss before tax of £114 million ($137 million) for the three months ending 30 June 2022, as operational disruption had a £133 million cost impact. Providing a fiscal third-quarter trading update on 26 July, the UK-based low-cost carrier lamented capacity caps imposed by London Gatwick and Amsterdam ...
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NewsCapital A airline units see big traffic resurgence in Q2
The AirAsia airline units of Malaysia’s Capital A generated significantly stronger traffic in the second quarter to 30 June.
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NewsCondor orders 41 Airbus A320neo-family jets
German leisure carrier Condor has ordered 41 Airbus A320neo-family aircraft as its fleet renewal focus shifts to short- and medium-haul jets. The announcement marks another Airbus order win from the carrier, which is already set to receive its first A330neos from late 2022 as it replaces its previous-generation A330s and ...