Latest Airlines news – Page 215
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NewsThai AirAsia eyes year-end international restart amid worsening financial results
Thai low-cost carrier Thai AirAsia has warned that the third wave of coronavirus infections in April will impact its profitability, as it sank deeper in the red amid plunging revenue.
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NewsChina’s ‘Big Three’ see staggering domestic traffic growth in April
China’s three largest carriers — Air China, China Eastern Airlines and China Southern Airlines — continued their impressive domestic traffic growth in April, reporting threefold increases in passenger numbers.
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NewsCargo helps Korean Air swing to W125 billon Q1 operating profit
Strong cargo demand propelled Korean Air to an operating profit of W125 billion ($110 million) in its first quarter results, compared with an operating loss of W65.7 billion a year earlier.
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NewsAirbus appears to deliver A321neo test aircraft to VietJet
Airbus appears to have delivered the first A321neo manufactured, the MSN6673 test aircraft, to Asian carrier VietJet Air. The twinjet – powered by Pratt & Whitney PW1100G engines – was the first A321neo for which Airbus completed initial assembly. But it was beaten to the variant’s maiden flight in February ...
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NewsFormer Wizz and Flybondi executive joins Volotea as CFO
European carrier Volotea has named former Wizz Air and Flybondi executive Mike Powell as its new chief financial officer.
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NewsIATA urges action over rogue lithium-battery shippers
IATA is calling for the criminalisation of rogue lithium-battery shippers as part of moves to ensure the safe carriage of such cargo for airlines.
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NewsQantas’ international restart faces fresh delays
Qantas has pushed back a planned resumption of international flights, following indications from the Australian government that the country’s borders will only reopen in 2022.
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NewsThailand’s third wave complicates restructuring plans
Two major Thai airlines, Thai Airways International and Nok Air, are at different stages of putting together business reorganisation plans outlining how they will restructure their businesses under court protection and emerge stronger from the Covid-19 pandemic.
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NewsUS lawmakers aim to prevent cut-rate airlines from operating to the US
The US House of Representatives has introduced a bill that would prevent cut-rate airlines which have been established under “flags of convenience” to operate in the US.
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NewsGreen Africa unveils initial batch of Nigerian domestic destinations
Nigerian start-up carrier Green Africa Airways has unveiled an initial route network on which to commence operations. The network focuses on its Lagos base and comprises six domestic destinations, including the capital Abuja and Port Harcourt. Green Africa also says it will operate to Akure, Ilorin, Enugu and Owerri, cities ...
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NewsCroatia Airlines trims losses but first-quarter bookings remain weak
Croatia Airlines has managed to reduce first-quarter operating losses to Kn86.2 million ($13.9 million) compared with the previous figure of Kn95.7 million. Its revenues for the period more than halved to Kn113.6 million. The company says the beginning of the year has been “weaker than expected”, with travel reservations still ...
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NewsLuxair expecting gradual summer recovery after heavy full-year losses
Luxair is expecting a gradual resumption of activities for the summer season, but has revealed the effect of the crisis on its financial performance with a full-year operating loss of nearly €160 million ($194 million). The company recorded a 57% fall in revenues to €263 million. Operating losses for the ...
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NewsCebu Pacific first quarter loss widens to Ps6.8 billion
Philippine low-cost carrier Cebu Pacific Air saw its first quarter operating loss balloon to Ps6.8 billion ($124 million) from P692 million a year earlier.
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NewsJazeera and Air Arabia experience contrasting first-quarter fortunes
Kuwaiti budget carrier Jazeera Airways has turned in a first-quarter loss while Sharjah low-cost operator Air Arabia managed to achieve a net profit in the same period. Jazeera Airways is proposing a rights issue of KD10 million ($33 million) to improve its liquidity position, after posting a net loss of ...
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NewsEl Al financing agreement with Israeli state clears final hurdle
Israeli flag-carrier El Al’s financing agreement with the state has entered into effect, after the final condition – a government approval on the main points of the deal – was met. Several conditions had been outlined when the agreement was detailed in March, among them approval from the boards of ...
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NewsRex eyes breakeven by July amid ‘uneven’ regional demand recovery
Australia’s Regional Express (Rex) is hopeful it will break even by July this year, even as it acknowledges that its regional operations are loss-making “at current demand levels”.
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NewsJAL to acquire Spring Airlines Japan as subsidiary
Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.
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NewsS7 overtakes Aeroflot in first quarter after riding domestic wave
S7 Airlines emerged as the largest passenger carrier in Russia over the first quarter of this year, tipping Aeroflot off the top slot, according to the country’s official civil aviation figures. Federal air transport regulator Rosaviatsia states that S7 carried 3.56 million passengers over the three-month period compared with Aeroflot’s ...
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NewsJAL domestic 777s to exit by 2023, A350s to become flagship
Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.
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NewsJAL plunges to $3.6bn operating loss in FY2020
Japan Airlines (JAL) swung to an operating loss of Y390 billion ($3.6 billion) in its 2020 financial year to 31 March.