Latest Airlines news – Page 250
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NewsLufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus 11 Airbus ...
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NewsLufthansa strives to restore long-haul network as it foresees 2024 recovery
Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year. But the German-based operator says it expects a “clearly negative” adjusted EBIT figure in the second half of the year, and therefore a “further significant ...
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NewsDAE Capital dealing with more complicated deferral requests: CEO
Lessor DAE Capital has improved its cash collection rate since a low point in April, but is now having to contend with rental deferral requests that are longer, bigger and more complex than before. The Dubai-based lessor’s cash collection rate, which it reported as a percentage, improved to the “mid-70s” ...
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NewsUS Senators call for more financial aid for airlines
Sixteen US senators have requested additional financial aid for the aviation sector as the coronavirus continues to prevent a return to normal operations.
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NewsCroatia Airlines rejigs leases to cut costs
Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half. Over the second quarter the company made a loss of Kn62.7 million ($10 million), it states, despite ...
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NewsVirgin Australia moves to all-737 fleet, cuts staff as it exits administration
Virgin Australia will operate only Boeing 737s, focusing on its domestic and short-haul networks, as it enters a post-administration future with new owner Bain Capital. As part of the “resetting…to meet lower global and Australian demand”, the carrier, which entered voluntary administration in April, will also be cutting about ...
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NewsGaruda posts $723 million first-half loss
Garuda Indonesia was $723 million in the red for the six months ended 30 June, having taken a near-60% hit to operating revenues. Operating revenues came in at $917 million, compared with $2.2 billion in the year-ago period, as revenues from scheduled services declined by 60%. On the other hand, ...
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NewsUpbeat EasyJet hikes summer capacity further than forecast
UK budget carrier EasyJet is expecting to increase its flight activity to 40% of originally-planned capacity in its fiscal fourth quarter, up from the previous estimate of 30%. EasyJet, whose fourth quarter runs to 30 September, says it also expects a smaller loss than the £325 million ($425 million) headline ...
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NewsCan e-commerce deliver for airlines?
Passenger traffic growth is likely to remain sluggish for some time, but freight remains a bright spot for airlines
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NewsIAG’s Walsh warns against obtaining liquidity without structural reform
Outgoing IAG chief Willie Walsh has warned that obtaining liquidity will offer a false sense of security to airlines unless they fundamentally adapt their business to reflect a different post-crisis market. Walsh points out that British Airways’ second-quarter operating loss of £711 million eclipses that of previous crises – including ...
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NewsAir Europa acquisition remains justified: IAG’s Walsh
IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn. While outgoing IAG chief Willie Walsh has ...
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NewsCovid-19 wipes out 78% of JAL’s first-quarter operating revenue
Japan Airlines posted a Y93.7 billion ($885 million) net loss in the April to June period, as Covid-19-related travel and quarantine measures nearly wiped out the carrier’s passenger revenues. Operating revenues declined by 78.1% year-on-year to Y76.3 billion in the first quarter of the fiscal year (FY) ending 31 March ...
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NewsTUI agreement further lifts BOC Aviation's 737 Max sale-and-leases
TUI Group has carried out a sale-and-leaseback of five Boeing 737 Max jets with the Singaporean-based lessor BOC Aviation. The European holiday company values the agreement – reached with UK subsidiary TUI Travel Aviation Finance – at $226 million. TUI Group is expecting the first of the Max 8s involved ...
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NewsAlliance Aviation picks E190s, says Fokker fleet ‘remains core’
Australia’s Alliance Aviation has signed for 14 Embraer E190s — in a move to “position us for the next phase of growth” — but has stressed that its fleet of Fokker aircraft will remain in service for the foreseeable future. The deal, valued at $79.4 million, sees Alliance entering ...
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NewsAir France-KLM aims to minimise fleet deferrals to keep competitiveness on track
Just six aircraft ordered by Air France-KLM have so far been pushed back to later delivery slots in the past six months, although KLM has yet to detail its full fleet plan. Air France-KLM states that its competitiveness and sustainability is closely tied to its fleet and network strategy. “Mid- ...
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NewsBritish Airways pilots strongly back cost-savings pact
British Airways pilots have voted convincingly in favour of accepting a pay deal recently negotiated between the airline and its cockpit union. The union, BALPA, says that 85% of its members backed the deal, based on a turnout of 87%. BALPA expects around 270 compulsory redundancies but says the agreement ...
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NewsBA axes A318 premium service that took over Concorde flight number
British Airways is to axe its premium Airbus A318 transatlantic service from London City to New York JFK, as part of its re-organisation to deal with the air transport crisis. The operation had already been halved to a single aircraft, after BA transferred the other A318 used on the route ...
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NewsIAG to maintain Level’s Barcelona arm after crisis-driven retreat
IAG is to maintain its Level operation out of Barcelona, having retreated from its expansion of the budget brand in other parts of Europe. The parent company indicates that it is cutting back Level’s long-haul fleet of seven Airbus A330-200s to just two aircraft. Level had four A330s deployed in ...
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NewsAir France-KLM aims to keep medium-term fleet delivery schedule intact
Air France-KLM Group has recorded a €520 million impairment from its early phase-out Airbus A380 operations, and another €72 million from withdrawal of A340s for the second quarter. But it says it intends to keep the schedule of committed fleet deliveries for 2021-25 “as much as possible intact”, and is ...
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NewsS7 temporarily tops Russian passenger carriage table
S7 Airlines has temporarily emerged as Russia’s largest individual operator, the aviation regulator shows, as passenger numbers in the country halved to 27.8 million in the first six months of the year. Federal air transport authority Rosaviatsia states that the number of air passengers travelling in Russia was nearly 52% ...