Latest Airlines news – Page 217
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.
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NewsCargo proves strong as Icelandair awaits passenger traffic recovery
Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached $57.3 million, a decline of 73%, but the company points ...
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NewsAPAC traffic in March reflects ‘dire operating conditions’: AAPA
Asia-Pacific carriers flew just 1.1 million international passengers in March, equivalent to 13% of passenger volumes in the year-ago period when travel began to sharply decline, preliminary figures by the Association of Asia Pacific Airlines (AAPA) show, a reflection of “dire operating conditions”.
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NewsAvianca Holdings chief Van der Werff selected to lead SAS
Latin American airline operator Avianca Holdings’ head, Anko Van der Werff, is to take up the position of chief executive of Scandinavian flag-carrier SAS by mid-July. Van der Werff will succeed Rickard Gustafson, who will relinquish his position in May and hand control in the interim to chief commercial officer ...
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NewsFinnair reviewing timeframe for single-aisle modernisation
Finnair intends to adopt temporary measures to manage its single-aisle fleet after putting narrowbody modernisation plans on hold while the pandemic crisis persists. Prior to the pandemic the airline had been discussing particularly the introduction of Airbus A320neos or “similar aircraft” from other suppliers, said chief executive Topi Manner during ...
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NewsCambodia considers allowing vaccinated tourists in fourth quarter
Cambodia is studying the feasibility of allowing vaccinated tourists from low-risk markets to enter the country by the fourth quarter. Tourism minister Thong Khon said his ministry will work with provincial authorities and the vaccination commission to vaccinate locals and tourism providers, according to a 27 April update on the ...
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NewsPIA to halve workforce, cut fleet: reports
Pakistan International Airlines (PIA) has reportedly gotten the green light to halve its workforce of 14,000 and cut its fleet to no more than 30 aircraft, amid continued full-year losses.
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NewsThai AirAsia plans IPO for capital injection by new investor
Thai AirAsia’s parent company has disclosed a corporate and capital restructuring plan for the airline, which involves listing it on the Stock Exchange of Thailand (SET) to accept a Bt3.15 billion ($100 million) loan from a new investor.
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NewsFinnair hikes cost-base reduction target for a third time
Finnair is raising a permanent cost-savings target a third time, to €170 million ($205 million), more than double the original figure unveiled last year. The company had stated in May 2020 that it was aiming for €80 million in cost-base reductions from 2022, compared with 2019 levels. Over the next ...
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NewsANA targets carbon-neutral aircraft operations by 2050
ANA Holdings is aiming to achieve net-zero carbon emissions from aircraft operations by 2050.
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NewsANA narrows full-year loss forecast
The parent company of Japanese carrier All Nippon Airways (ANA) has cut its full-year operating loss forecast, following a reduction of variable and fixed costs.
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NewsSingapore-Hong Kong travel bubble set for 26 May relaunch
Singapore and Hong Kong plan to kick off quarantine-free travel arrangements on 26 May, the second attempt since initial plans were scuppered at the eleventh hour.
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NewsSaudia and Gulf Air tighten ties with codeshare
Middle Eastern carriers Saudia and Gulf Air are to enter a co-operation agreement which will include a codeshare between the two airlines. The codeshare will take effect during the summer schedule. Saudia says the tie-up will involve placing its ‘SV’ designator on Gulf Air’s services from Bahrain to Riyadh and ...
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NewsNigeria’s Green Africa brings in ATR 72s for start-up
Nigerian start-up carrier Green Africa Airways has received its first aircraft, an ATR 72-600, at its base in the city of Lagos. Green Africa is taking three ATRs through an agreement with ACIA Aero Leasing, which is part of Mauritius-based ACIA Aero Capital and has leasing offices in several countries ...
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NewsSouth African airline woes continue as Mango reportedly set to pause flights
Low-cost carrier Mango appears to be the latest South African operator to run into financial difficulties amid reports the airline could temporarily suspend flights in May and seek to enter a formal restructuring until it can secure state funds.
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NewsRossiya builds Superjet fleet as Russian domestic market picks up
Aeroflot Group shifted another six Sukhoi Superjet 100s to Rossiya during March, bringing the number transferred to the airline to 14 over the first quarter. Rossiya’s fleet has increased from 67 to 81 aircraft over the three-month period as Aeroflot Group continued implementation of a strategy to use Rossiya as ...
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NewsQantas, Rex chiefs wage war of words — again
The heads of Australian arch-rivals Qantas and Regional Express have again traded barbs in the latest escalation of a bitter dogfight between the two carriers.
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NewsSoutheast Asia a focus of concern: Aircastle
The sluggish recovery of the aviation market in the Southeast Asian region and the knock-on impact on carriers’ ability to pay their rents remains an area of concern for Aircastle, chief executive Michael Ingelese says, emphasising that some airlines are “struggling pretty significantly”.
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NewsBill to reduce disease transmission on jets targets airworthiness standards
US lawmakers have proposed a union-backed bill that seeks to prevent the spread of disease within the commercial aviation sector, including by changing aircraft certification requirements.
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NewsAlaska stems losses in Q1, buoyed by US government funds
Alaska Air Group lost $131 million in the first quarter of 2021, a significant improvement from the previous quarter thanks largely to pandemic-related US government aid.